NEW YORK, July 25, 2016 /PRNewswire/ --
The Services sector has a wide coverage, which includes food services, among others. This morning, Stocks-Callers has issued notes on McDonald's Corp. (NYSE: MCD), The Wendy's Co. (NASDAQ: WEN), Shake Shack Inc. (NYSE: SHAK), and Fiesta Restaurant Group Inc. (NASDAQ: FRGI) to look for growth opportunities ahead. Review the recent performances of these companies and see how current economic conditions and consumer trends are affecting each. Sign up today to learn more about these stocks:
Last Friday, shares in Oak Brook, Illinois-based McDonald's Corp. ended the day 0.85% higher at $128.26. The stock recorded a trading volume of 4.30 million shares. The Company's shares have advanced 6.33% in the last one month, 2.95% over the previous three months, and 10.19% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.49% and 8.58%, respectively. Furthermore, shares of McDonald's, which operates and franchises McDonald's restaurants in the U.S., Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America, have a Relative Strength Index (RSI) of 73.50.
On June 13th, 2016, McDonald's Corp. announced the movement of its corporate headquarters to downtown Chicago by the spring of 2018. The company signed a lease at 1045 W. Randolph St. in Chicago's vibrant West Loop neighborhood and will transform the space into a modern setting that fosters collaboration and connectivity. The move marks a return to Chicago where the company was headquartered from 1955 to 1971.
On June 27th, 2016, research firm Credit Suisse reiterated its 'Outperform' rating with a decrease of the target price to $130 a share from $135 a share for the Company's stock. MCD complete notes are just a click away at:
Dublin, Ohio headquartered The Wendy's Co.'s stock finished Friday's session 1.73% higher at $10.02. A total volume of 2.91 million shares was traded. The Company's shares have gained 2.14% in the last one month. The stock is trading above its 50-day and 200-day moving averages by 0.71% and 0.28%, respectively. Moreover, shares of Wendy's, which through its subsidiaries, operates as a quick-service restaurant company in the hamburger sandwich segment, have an RSI of 58.19.
On June 27th, 2016, Wendy's announced its upcoming entry into Brazil, with plans for significant restaurant expansion over time. This growth will be driven through Wendy's Brazil, a joint venture formed in 2015 between affiliates of Infinity Services and Starboard, one of Wendy's® largest U.S. franchisees, and a subsidiary of The Wendy's Co. The complimentary notes on WEN can be accessed at:
Shares in New York headquartered Shake Shack Inc. ended the session 2.78% higher at $40.69. The stock recorded a trading volume of 934,416 shares. The Company's shares have gained 10.24% in the last month, 7.70% over the previous three months, and 2.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.14% and 5.51%, respectively. Moreover, shares of Shake Shack, which owns, operates, and licenses Shake Shack restaurants, have an RSI of 66.65.
On July 07th, 2016, research firm Wedbush initiated an 'Underperform' rating, issuing a target price of $30 on the Company's stock. Sign up for your complimentary notes on SHAK at:
Fiesta Restaurant Group
Addison, Texas headquartered Fiesta Restaurant Group Inc.'s stock recorded a trading volume of 311,510 shares last Friday and closed 2.19% higher at $25.21. The Company's shares have advanced 11.30% in the past month and are trading 5.46% above their 50-day moving average. Additionally, shares of Fiesta Restaurant Group, which through its subsidiaries, owns, operates, and franchises fast-casual restaurants, have an RSI of 62.45.
On July 07th, 2016, research firm Standpoint Research initiated a 'Buy' rating, issuing a target price of $36 on the Company's stock.
On July 18th, 2016, Fiesta Restaurant Group, parent company of the Pollo Tropical® and Taco Cabana® fast-casual restaurant brands, announced that it will host a conference call to review its second quarter 2016 results on August 3rd, 2016 at 4:45 P.M. ET. A press release containing its second quarter 2016 results will be issued after market close on August 3rd, 2016. Get free access to your notes on FRGI at:
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