Fast Casual Restaurants Poised for Advances
CORAL SPRINGS, Florida, August 26, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues market updates for GRILLiT, Inc. (OTC: GRLT), Starbucks Corporation (NASDAQ: SBUX), Chipotle Mexican Grill Inc. (NYSE: CMG) Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL) and Noodles & Company (NASDAQ: NDLS).
On August 19, the GRILLiT, Inc.'s (OTC: GRLT) first franchised location opened at 555 Church St, in downtown Nashville, Tennessee 37219, and GRILLiT's second franchised location at 2108 N. Mulberry Street, Elizabethtown, Kentucky 42701 is on track to open by the end of September 2013. On August 22, 2013 a franchisee signed a proposal for a lease to open a third GRILLiT franchise location within the first floor retail space of National City Tower Annex, 101 S. 5th Street, Louisville, Kentucky 40202.
The Company has completed its due diligence for the acquisition of its third corporate-owned location near the University of Miami and expects to close the transaction by the end of this week. This store is located at 1232 S Dixie Hwy, Miami, FL 33146.
BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has updated coverage on GRILLiT (OTC: GRLT) after releasing the latest short sale data through August 23, 2013. The total aggregate number of shares shorted since May 2013 is approximately 1.79 million shares. Approximately 40.15% of daily trading volume is short selling. The SqueezeTrigger price for all GRLT shares shorted is $2.05. A short squeeze is expected to begin when GRLT closes above its $2.05 SqueezeTrigger price.
Click for original Report: http://bit.ly/1djEQWO
Click for updated SqueezeTrigger: http://bit.ly/12EBeYr
Click for updated Friction Factor: http://bit.ly/1aIFJX0
Click here for detailed explanation: http://bit.ly/16EKIjN
Food and Beverage Sector Leaders Midday Glance:
Starbucks Corporation (NASDAQ: SBUX) rose $0.05 per share or .07 percent
Chipotle Mexican Grill Inc. (NYSE: CMG) rose $1.25 per share or .31 percent
Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL) rose $.11 per share or .64 percent
Noodles & Company (NASDAQ: NDLS) rose $1.48 per share or 3.59 percent
FNM Sector Spotlight Article: The restaurant group has slid out of the top 20 since we last checked in during late July. In that time, Darden Restaurants (DRI) and Panera Bread (PNRA) have continued to pull back sharply. McDonald's (MCD) has been in a downtrend since April. Yum Brands (YUM) continues its wobbling consolidation below a high set April 2012. There is also clear strength in the group. Krispy Kreme Doughnuts (KKD) and low-priced Wendy's (WEN) are extended and near highs. So is Buffalo Wild Wings (BWLD). Starbucks (SBUX) and Chipotle Mexican Grill (CMG) are just below recent highs, conducting very mild consolidations.
Read the full article at Investor's Business Daily: http://news.investors.com/investing-ibd-industry-themes/082313-668616-consolidating-restaurants-show-strength.htm
FinancialNewsMedia.com is leading provider of third party publishing &news dissemination services. If you would like more information regarding our news coverage solutions, please visithttp://www.financialnewsmedia.com for more details. Get an edge on the market with ourPremium News Alerts that are FREE for a limited time athttp://www.financialnewsmedia.com/. Follow us on Facebook:http://www.facebook.com/financialnewsmedia and Twitter:http://twitter.com/FNMgroup. Sign up for our FREE SMS News alerts delivered directly toyour mobile phone by texting the word PRESS to545454. (SMS alerts are free, however data rates may apply, check your wireless plan for details.)
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.
FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group LLC