Seattle, Washington-based Starbucks Corp.'s stock finished Thursday's session 0.57% lower at $57.11 with a total trading volume of 6.78 million shares. The Company's shares have advanced 5.41% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.03% and 2.14%, respectively. Furthermore, shares of Starbucks, which together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide, have a Relative Strength Index (RSI) of 49.22.
On December 1st, 2016, Starbucks announced that Kevin Johnson, President and Chief Operating Officer and a 7-year member of the Starbucks' Board of Directors, will expand his responsibilities and assume the role and responsibilities of President and Chief Executive Officer, effective April 3rd, 2017. Also effective April 3rd, 2017, Howard Schultz, Chairman and CEO, will be appointed executive chairman and will shift his focus to innovation, design and development of Starbucks Reserve® Roasteries around the world, expansion of the Starbucks Reserve® retail store format and the Company's social impact initiatives. The free research report on SBUX is available at:
Shares in Philadelphia, Pennsylvania-based Aramark ended at $36.23, down 0.11% from the last trading session. The stock recorded a trading volume of 911,881 shares. The Company's shares have gained 3.35% in the last one month and 13.63% since the start of this year. The stock is trading 0.59% above its 50-day moving average and 3.60% above its 200-day moving average. Moreover, shares of Aramark, which provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally, have an RSI of 55.12.
On December 5th, 2016, Aramark announced a refreshed and enhanced Green Thread environmental sustainability platform. Green Thread brings to life Aramark's commitments and programs focused on responsible sourcing, waste minimization, operational efficiency and transportation management. As part of Green Thread, the company is also introducing a new Sustainable Seafood Sourcing Policy and a partnership with LeanPath to support food waste tracking and measurement across the company. The complimentary report on ARMK can be downloaded at:
New York headquartered Shake Shack Inc.'s stock ended yesterday's session 1.05% lower at $36.88 with a total trading volume of 264,389 shares. The Company's shares have advanced 4.59% in the previous three months. The stock is trading 5.02% and 2.42% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Shake Shack, which owns, operates, and licenses Shake Shack restaurants, have an RSI of 51.02.
On November 9th, 2016, Shake Shack's total revenue, which includes Shack's sales and licensing revenue, increased 40.0% to $74.6 million in Q3 2016 from $53.3 million for Q3 2015. Same-Shack sales were 2.9% for Q3 2016 versus 17.1% growth in Q3 2015. Net income attributed to Shake Shack was $3.8 million, or $0.15 per diluted share, for Q3 2016 compared to $1.5 million, or $0.10 per diluted share, for Q3 2015. Visit us today and download our complete research report on SHAK for free at:
At the close on Thursday, shares in St. Louis, Missouri-based Panera Bread Co. recorded a trading volume of 300,047 shares. The stock finished 0.01% lower at $210.72. The Company's shares have advanced 5.88% over the previous three months and 8.18% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.54% and 0.84%, respectively. Furthermore, shares of Panera Bread, which together with its subsidiaries, owns, operates, and franchises retail bakery-cafes, have an RSI of 51.65.
On November 28th, 2016, research firm Wedbush downgraded the Company's stock rating from 'Outperform' to 'Neutral', issuing a target price of $220 per share.
On December 9th, 2016, Panera Bread announced that it has named Company veteran Blaine Hurst President effective December 12th, 2016, following the resignation of Drew Madsen for personal reasons. Hurst has been with Panera since 2010 and has held a number of senior leadership positions, most recently as Executive Vice President - Chief Transformation and Growth Officer. He will continue to report to Ron Shaich, Panera's Chairman and CEO. Get free access to your technical report on PNRA at:
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