NEW YORK, August 18, 2017 /PRNewswire/ --
If you want a Stock Review on SBUX, ARMK, SHAK, or PZZA then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Companies in the Specialty Eateries space operate limited-service restaurants that serve specialty snack items or nonalcoholic beverages for consumption on-premises, such as bagel shops, coffee shops, doughnut shops, and others. The industry is fragmented: the top 50 companies account for about 45% of revenue. In today's pre-market research, DailyStockTracker.com observes the most recent performances of Starbucks Corp. (NASDAQ: SBUX), Aramark (NYSE: ARMK), Shake Shack Inc. (NYSE: SHAK), and Papa John's International Inc. (NASDAQ: PZZA). Daily Stock Tracker published free research reports on these stocks today at:
Seattle, Washington-based Starbucks Corp.'s shares declined 0.86%, closing Thursday's trading session at $53.04. The stock recorded a trading volume of 7.35 million shares. Shares of the Company are trading 8.14% below their 200-day moving average. Additionally, 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 31.17.
On July 27th, 2017, Starbucks announced entry into a definitive agreement to acquire the remaining 50% share of its East China business from long-term joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation, for approximately $1.3 billion in cash consideration in the largest single acquisition in the Company's history. The Company will assume 100% ownership of approximately 1,300 Starbucks stores in Shanghai, Jiangsu, and Zhejiang Provinces, building on the its ongoing investments in China.
On July 28th, 2017, research firm Stifel downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $66 a share to $58 a share. See our free and comprehensive research report on SBUX at:
On Thursday, shares in Philadelphia, Pennsylvania-based Aramark recorded a trading volume of 1.19 million shares. The stock dropped 1.12%, ending the day at $38.91. The Company's shares have advanced 6.22% in the previous three months and 8.93% on an YTD basis. The stock is trading above its 200-day moving average by 5.16%. 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 33.59.
On August 02nd, 2017, Aramark's Board of Directors declared a quarterly dividend of $0.103 per share, payable on September 05th, 2017, to shareholders of record at the close of business on August 16th, 2017. ARMK free research report is just a click away at:
New York headquartered Shake Shack Inc.'s stock finished the day 1.39% lower at $31.26 with a total trading volume of 512,458 shares. The stock is trading below their 50-day moving average by 10.79%. Shares of the Company, which owns, operates, and licenses Shake Shack restaurants (Shacks) in the US and internationally, have an RSI of 32.71.
On August 03rd, 2017, Shake Shack reported its financial results for Q2 ended June 28th, 2017. For Q2 2017, total revenue was $91.3 million; Shack sales were $88.0 million; and same-Shack sales decreased 1.8%. Operating income for the quarter was $11.7 million, net income was $8.2 million, and adjusted EBITDA was $19.4 million.
On August 04th, 2017, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $43 a share to $40 a share. Sign up for your complimentary report on SHAK at:
Shares in Louisville, Kentucky headquartered Papa John's International Inc. ended yesterday's session 0.87% higher at $78.95. The stock recorded a trading volume of 510,169 shares. The Company's shares have advanced 3.94% in the last one month and 0.83% over the previous three months. The stock is trading 3.91% above its 50-day moving average. Moreover, shares of Papa John's International, which operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the US and internationally, have an RSI of 59.66.
On August 07th, 2017, Papa John's International announced that the Company is taking its Gluten-Free Crust made from Ancient Grains across the US. The new, never-frozen Gluten-Free Crust is made with sorghum, teff, amaranth, and quinoa. A two-topping pizza made with the Company's new Gluten-Free crust is available for only $9.99. The national offering is a direct result of recent pilot testing earlier this year in Los Angeles, Phoenix, St. Louis, Houston, and Nashville. Register for free on DailyStockTracker.com and download the latest research report on PZZA at:
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