This Morning’s Technical Outlook on Restaurants Stocks — Yum China, Chipotle Mexican Grill, Darden Restaurants, and Dave & Buster’s
Posted On March 24, 2018
Theo tin Wall St. Equities or prnewswire.com
NEW YORK, March 22, 2018 /PRNewswire/ — WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on YUMC, CMG, DRI, and PLAY which can be accessed for free by signing up to www.wallstequities.com/registration. Pre-market, WallStEquities.com covers the recent performance of Yum China Holdings Inc. (NYSE: YUMC), Chipotle Mexican Grill Inc. (NYSE: CMG), Darden Restaurants Inc. (NYSE: DRI), and Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY). Restaurants companies are essentially retailers of prepared foods, and their operating performance is influenced by many of the same factors that affect traditional retail stores. All you have to do is sign up today for this free limited time offer by clicking the link below.
Yum China Holdings
Shanghai, China headquartered Yum China Holdings Inc.’s shares gained slightly by 0.92%, closing Wednesday’s trading session at $41.55. The stock recorded a trading volume of 3.15 million shares, which was above its three months average volume of 2.28 million shares. Shares of the Company have advanced 2.87% in the last month, 0.85% over the previous three months, and 55.79% over the past year. The stock is trading 2.88% above its 200-day moving average. Additionally, shares of Yum China, which owns, operates, and franchises restaurants in China, have a Relative Strength Index (RSI) of 44.03.
On March 20th, 2018, research firm Morgan Stanley reiterated its ‘Overweight’ rating on the Company’s stock with a decrease of the target price from $49 a share to $48 a share. Get the full research report on YUMC for free by clicking below at:
Chipotle Mexican Grill
On Wednesday, shares in Denver, Colorado-based Chipotle Mexican Grill Inc. recorded a trading volume of 1.38 million shares, which was above their three months average volume of 1.26 million shares. The stock rose 4.48%, ending the day at $334.52. The Company’s shares have advanced 5.34% in the past month and 6.73% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 6.54% and 1.73%, respectively. Furthermore, shares of the Company, which together with its subsidiaries, operates Chipotle Mexican Grill restaurants, have an RSI of 61.70.
On March 15th, 2018, research firm Piper Jaffray reiterated its ‘Overweight’ rating on the Company’s stock with an increase of the target price from $318 a share to $355 a share.
On March 20th, 2018, Chipotle Mexican Grill announced that it has hired Chris Brandt as Chief Marketing Officer, effective April 02nd, 2018. He will report to CEO Brian Niccol. Most recently, Brandt was at Bloomin’ Brands, where he served as Executive Vice President and Chief Brand Officer across Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s. CMG’s complimentary research coverage is a few simple steps away at:
Orlando, Florida-based Darden Restaurants Inc.’s stock finished the day 1.89% lower at $93.31. A total volume of 1.66 million shares was traded, which was above their three months average volume of 1.49 million shares. Shares of the Company have advanced 3.06% in the previous three months and 21.81% over the past year. The stock is trading above its 200-day moving average by 5.94%. Additionally, shares of Darden Restaurants, which through its subsidiaries, owns and operates full-service restaurants in the US and Canada, have an RSI of 43.44.
On February 26th, 2018, Darden Restaurants announced plans to release its Q3 FY18 financial results before the market opens on March 22nd, 2018, with a conference call to follow at 8:30 am ET. Gene Lee, CEO, and other senior management will discuss the results and conduct a question-and-answer session. Register for your free research report on DRI at:
Dave & Buster’s Entertainment
Shares in Dallas, Texas-based Dave & Buster’s Entertainment Inc. ended yesterday’s session 0.05% lower at $43.05. The stock recorded a trading volume of 498,701 shares. The Company’s shares are trading 6.21% below their 50-day moving average. Moreover, shares of the Company, which owns and operates venues that combine dining and entertainment in North America for adults and families, have an RSI of 35.26.
On March 20th, 2018, Dave & Buster’s announced that it will report its financial results for Q4 2017 ended on February 04th, 2018 on April 03rd, 2018, after the market close. Management will hold a conference call at 5:00 p.m. ET that same day to discuss these results. The conference call can be accessed under the Investor Relations section of the Company’s website. Wall St. Equities’ downloadable research report on PLAY available at:
Wall St. Equities:
Wall St. Equities (WSE) 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. WSE 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.
WSE 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 WSE. WSE 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.
WSE, 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. WSE, 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, WSE, 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 WSE 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: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Wall St. Equities
Note: We are not responsible for typo error, price change, substitute item, or available of item from online ads.
Lưu ý: Chúng tôi không chịu trách nhiệm về lỗi ấn, thay đổi giá, hàng thay thế, hoặc có sẵn mặt hàng quảng cáo.