NEW YORK, May 9, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com monitors McDonald's Corp. (NYSE: MCD), The Wendy's Co. (NASDAQ: WEN), Yum! Brands Inc. (NYSE: YUM), and Darden Restaurants Inc. (NYSE: DRI). According to a Zacks report, the US Restaurant space had a dismal run over the past few quarters in spite of economic growth, lower energy prices, and higher income. Consumers increased their spending only modestly on dining out, with the situation taking a turn for the worse, thanks to higher health care costs and tightened credit availability. As a result, traffic has been weak and same-store sales growth has been dull. Download the free research reports on these stocks today:
Oak Brook, Illinois-based McDonald's Corp.'s shares gained 0.19%, closing Monday's trading session at $144.24. The stock recorded a trading volume of 2.81 million shares. Shares of the Company have advanced 10.83% in the last month, 16.76% over the previous three months, and 19.37% since the start of this year. The stock is trading 9.53% above its 50-day moving average and 19.38% above its 200-day moving average. Additionally, shares of McDonald's, which operates and franchises McDonald's restaurants in the US, Europe, Asia/Pacific, Middle East, Africa, Canada, Latin America, and internationally, have a Relative Strength Index (RSI) of 85.86.
On May 01st, 2017, McDonald's revealed the Frork, a quasi-utensil, fry-fork hybrid designed solely for scooping up the quality ingredients that may fall while eating a new Signature Crafted™ Recipes sandwich. The Frork works with all three new Signature Crafted™ Recipes: Pico Guacamole, Sweet BBQ Bacon, and Maple Bacon Dijon.
On May 03rd, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. See our free and comprehensive research report on MCD at:
On Monday, shares in Dublin, Ohio headquartered The Wendy's Co. recorded a trading volume of 2.49 million shares. The stock declined 0.66%, ending the day at $15.01. The Company's shares have advanced 9.16% in the past month, 9.57% in the previous three months, and 11.59% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.67% and 22.55%, respectively. Furthermore, shares of Wendy's, which through its subsidiaries, operates as a quick-service restaurant company in the hamburger sandwich segment worldwide, have an RSI of 71.90.
On April 18th, 2017, Wendy's announced that it will release its Q1 2017 results before the market opens on Wednesday, May 10th, 2017. A conference call will follow at 9:00 a.m. ET, with a simultaneous webcast under the investors section of the Company's website. WEN free research report PDF is just a click away at:
Louisville, Kentucky headquartered Yum! Brands Inc.'s stock finished the day 0.23% lower at $69.14. A total volume of 2.93 million shares was traded, which was above their three months average volume of 2.80 million shares. The Company's shares have advanced 7.61% in the last one month, 4.77% in the previous three months, and 10.20% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.10% and 8.62%, respectively. Additionally, shares of Yum! Brands, which through its subsidiaries, develops, operates, and franchises quick service restaurants, have an RSI of 81.74.
On May 04th, 2017, KFC Corporation, a subsidiary of Yum! Brands, announced that the Company is giving moms the ultimate Mother's Day gift with its first romance novella, "Tender Wings of Desire," featuring Harland Sanders as the love interest. Paired with a $20 Fill Up™ featuring KFC's Extra Crispy™ Chicken, mothers can finally get what they want this year - a family meal they don't have to cook, and some alone time with a captivating novella. Sign up for your complimentary report on YUM at:
Shares in Orlando, Florida headquartered Darden Restaurants Inc. ended yesterday's session 0.29% lower at $87.08. The stock recorded a trading volume of 803,949 shares. The Company's shares have advanced 4.44% in the last one month, 21.21% over the previous three months, and 21.50% since the start of this year. The stock is trading 8.79% and 24.13% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Darden Restaurants, which through its subsidiaries, owns and operates full-service restaurants in the US and Canada, have an RSI of 72.76.
On April 24th, 2017, Darden Restaurants announced that it has completed the acquisition of Cheddar's Scratch Kitchen for $780 million in an all-cash transaction from its stockholders, including private equity firms L Catterton and Oak Investment Partners. This follows the agreement that was announced on March 27th, 2017. The transaction price is subject to customary post-closing adjustments. Register for free on Stock-Callers.com and download the latest research report on DRI at:
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