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
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