NEW YORK, June 8, 2017 /PRNewswire/ --
DailyStockTracker.com has initiated coverage on Texas Roadhouse Inc. (NASDAQ: TXRH), Arcos Dorados Holdings Inc. (NYSE: ARCO), Chipotle Mexican Grill Inc. (NYSE: CMG), and Performance Food Group Co. (NYSE: PFGC). Companies in the Restaurants industry operate restaurants and other eating places, including full-service restaurants, quick-service restaurants, cafeterias, buffets, and snack bars. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at: http://dailystocktracker.com/register/
On Wednesday, shares in Louisville, Kentucky-based Texas Roadhouse Inc. recorded a trading volume of 894,728 shares. The stock ended the session 1.51% higher at $51.06. The Company's shares have gained 2.84% in the last one month, 23.51% over the previous three months, and 5.85% on an YTD basis. The stock is trading 8.34% above its 50-day moving average and 13.51% above its 200-day moving average. Moreover, shares of Texas Roadhouse, which together with its subsidiaries, operates full-service casual dining restaurants in the US and internationally, have a Relative Strength Index (RSI) of 68.08.
On May 18th, 2017, Texas Roadhouse's Board of Directors of authorized the payment of a cash dividend of $0.21 per share of common stock. This payment will be distributed on June 30th, 2017, to shareholders of record at the close of business on June 14th, 2017. The free research report on TXRH is available at: http://dailystocktracker.com/registration/?symbol=TXRH
Montevideo, Uruguay-based Arcos Dorados Holdings Inc.'s stock closed the day 2.87% lower at $8.45 with a total trading volume of 314,341 shares. The Company's shares have advanced 35.20% in the previous three months and 56.48% since the start of this year. The stock is trading 0.23% and 29.99% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Arcos Dorados, which operates as a franchisee of McDonald's restaurants, have an RSI of 46.50.
On May 24th, 2017, Arcos Dorados has been recognized as the fourth best Company in Mexico for gender equality in a highly regarded index developed by consultancy TOP Companies, reinforcing its long-standing commitment to equality in the workplace. Across Latin America, the Company has more female employees, restaurant managers, and women in its corporate offices than men. The Company offers numerous facilities for mothers, including flexible schedules and lactation hours, helping them to achieve work-life balance. The complimentary report on ARCO can be downloaded at: http://dailystocktracker.com/registration/?symbol=ARCO
Chipotle Mexican Grill
Shares in Denver, Colorado-based Chipotle Mexican Grill Inc. ("CMG") recorded a trading volume of 1.12 million shares, which was higher than their three months average volume of 848,300 shares. The stock ended yesterday's trading session 1.75% lower at $462.23. The Company's shares have advanced 13.71% in the previous three months and 22.50% on an YTD basis. The stock is trading above its 200-day moving average by 9.79%. Furthermore, shares of CMG, which together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants, have an RSI of 40.16.
On May 11th, 2017, CMG announced that it has hired Scott Boatwright as Chief Restaurant Officer, a position where he will work with the Company's senior restaurant leadership team to oversee restaurant operations for CMG's nearly 2,300 North American restaurants. Boatwright comes to the Company from Arby's Restaurant Group, where he served as Senior Vice President of operations.
On May 25th, 2017, research firm Argus upgraded the Company's stock rating from 'Hold' to 'Buy'. Visit us today and download our complete research report on CMG for free at: http://dailystocktracker.com/registration/?symbol=CMG
Richmond, Virginia headquartered Performance Food Group Co.'s stock finished Wednesday's session 0.54% higher at $28.15 with a total trading volume of 570,506 shares. The Company's shares have advanced 9.11% in the last one month, 21.34% over the previous three months, and 17.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.50% and 15.90%, respectively. Additionally, shares of Performance Food, which through its subsidiaries, markets and distributes food and food-related products in the US, have an RSI of 62.27.
On May 10th, 2017, Performance Food announced its Q3 and first-nine months fiscal 2017 business results. For Q3 FY17, total case volume increased 7.7%, net sales were $4.2 billion, and operating expenses were $474.7 million. For the first nine months of fiscal 2017, total case volume increased 6.6%, net sales were $12.3 billion, and operating expenses were $1.4 billion.
On May 16th, 2017, research firm Loop Capital initiated a 'Buy' rating on the Company's stock, with a target price of $35 per share. Get free access to your technical report on PFGC at: http://dailystocktracker.com/registration/?symbol=PFGC
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