Specialty Eateries Stocks Under Scanner -- Starbucks, Aramark, Shake Shack, and Panera Bread
NEW YORK, October 12, 2016 /PRNewswire/ --
Specialty Eateries are limited-service restaurants that serve specialty snacks and nonalcoholic beverages. These include bagel shops, coffee shops, doughnut shops, ice cream parlors, juice bars, and smoothie shops. In today's pre-market research, Stock-Callers.com takes note of the following equities: Starbucks Corp. (NASDAQ: SBUX), Aramark (NYSE: ARMK), Shake Shack Inc. (NYSE: SHAK), and Panera Bread Co. (NASDAQ: PNRA). You can access of our complimentary research reports on these stocks now at:
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Starbucks
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:
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Aramark
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:
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Shake Shack
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:
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Panera Bread
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:
http://stock-callers.com/registration/?symbol=PNRA
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