Seattle, Washington-based Starbucks Corp.'s shares dropped 0.71%, closing Tuesday's trading session at $52.92. The stock recorded a trading volume of 9.71 million shares, which was above its three months average volume of 8.80 million shares. Shares of the Company are trading 3.89% below their 50-day moving average. Additionally, shares of Starbucks, which operates as a roaster, marketer, and retailer of specialty coffee worldwide, have a Relative Strength Index (RSI) of 37.95.
On September 28th, 2016, Starbucks opened its first store in Englewood in the South Side of Chicago at 63rd and Halsted. The store is part of Starbucks nationwide initiative to support local economic development in at least 15 diverse, low-to-medium-income communities by 2018. Three such locations have already opened in Ferguson, Phoenix and the Jamaica neighborhood of Queens. Similar to those stores, the new location in Englewood will support efforts to revitalize the community by creating meaningful local jobs, providing a unique in-store job skills training program for youth, and investing in local minority-owned contractors and suppliers. Starbucks also announced plans to expand the national initiative to five new communities in 2017, including neighborhoods in the Baltimore, Birmingham, Long Beach, CA, Miami, and Seattle areas.
On September 28th, 2016, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $70 a share to $65 a share.Visit us today and download your complete report on SBUX for free at:
On Tuesday, Philadelphia, Pennsylvania headquartered Aramark's stock recorded a trading volume of 1.07 million shares, and finished 0.95% lower at $36.54. The Company's shares have advanced 3.63% in the previous three months and 14.26% on an YTD basis. The stock is trading above its 200-day moving average by 7.91%. Furthermore, 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 33.83.
On September 12th, 2016, Aramark announced a new site for its world headquarters in Philadelphia. The company plans to relocate to 2400 Market Street in fall of 2018. Situated along the Schuylkill River, the existing structure, originally built as a Hudson Motor Car Company plant in the 1920s, will be transformed into a modern, 600,000 square foot, nine-story building with an emphasis on innovation, sustainability and green space. Aramark will occupy the top five floors and nearly 300,000 square feet as the building's anchor tenant. The complimentary research report on ARMK can be accessed at:
New York headquartered Shake Shack Inc.'s stock finished the day 3.05% lower at $32.14 and with a total trading volume of 724,566 shares. Shares of the Company, which owns, operates, and licenses Shake Shack restaurants (Shacks), are trading below their 50-day moving average by 10.77%. The stock has an RSI of 29.34.
On September 20th, 2016, ArrowStream, Inc., a supply chain innovator announced that Shake Shack has licensed ArrowStream's market-leading OnDemand software to help it better manage food spend, inventory, limited-time-offer tracking, auditing, and contract management with its suppliers and distributors. Register for free on Stock-Callers.com and download the PDF research report on SHAK at:
Shares in St. Louis, Missouri-based Panera Bread Co. ended yesterday's session 2.04% lower at $188.79. The stock recorded a trading volume of 515,657 shares, which was above its three months average volume of 478,150 shares. The Company's shares are trading 8.88% below their 200-day moving average. Moreover, shares of Panera Bread, which together with its subsidiaries, owns, operates, and franchises retail bakery-cafes, have an RSI of 30.33.
On September 26th, 2016, Panera Bread announced that it will report its Q3 FY16 results after the market close on October 25th, 2016. The Company will discuss the results on a call that will be broadcast live on the Internet at 7:30 AM CT on October 26th, 2016.
On October 10th, 2016, research firm Longbow upgraded the Company's stock rating from 'Neutral' to 'Buy'.Get free access to your research report on PNRAat:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA