Stocks reach 52-week highs for top three chains

Cheese

Average block cheese prices inched up a penny last week on the Chicago Mercantile Exchange, coming in at an average of $2.01, up from $2 the week prior.

Prices were $2.02 Monday and $2.01 Tuesday through Friday.

Cheese remains up from last year’s average of $1.63 per pound.

Wheat

Wheat prices dropped under $9 last week on the Minneapolis Grain Exchange, averaging $8.94. The previous week’s average was $9.38.

Wheat closed at $9.40 Monday, $9.12 Tuesday, $8.92 Wednesday, $8.76 Thursday and $8.53 Friday.

Gasoline and diesel fuel

Meanwhile, gas prices continue to climb, an issue that was addressed by President Barack Obama during a March 11 press conference.

Today’s nationwide average for regular unleaded gasoline is $3.55, up from $3.50 the previous week, according to AAA and the Oil Price Information Service. Prices also remain up from a month ago, when they were $3.12, and from this time last year, when consumers were paying $ 2.78 at the pump.

Mid-range unleaded currently averages $3.69, while premium unleaded Monday was just under $3.82.

The nationwide average for diesel fuel stood at $3.92, up from $3.87 per gallon last week. Diesel prices also remain up from $3.52 a month ago, and from $2.92 a year ago.

Obama acknowledged the price increases and their ability to diminish the effect of economic stimulus policies. He also said he is not yet prepared to unleash the nation’s energy reserves to bring down the price of oil, a contributor to the overall increases.

Natural Gas

Natural gas spot prices remained soft at nearly all domestic pricing points. The Henry Hub price rose an insignificant 2 cents per million Btu (MMBtu) (0.5 percent) for the week ending March 9, to $3.81 per MMBtu.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $52.58, a big jump from its $50.97 closing the previous week. This marked the company’s all-time 52-week high, which was previously $52.47 in November. Yum! traded at a 52-week low of $37.47 in March 2010.

Domino’s closed at its 52-week high of $17.86 Friday, a bump from its previous week’s closing of $17.32. Domino’s traded as low as $10.99 in June 2010.

Papa John's stock closed at $30.55 Friday, a boost from its previous week’s closing of $29.40, and its 52-week high. The company traded at a 52-week low of $22.78 in July 2010.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $37.04 Friday, a drop from its previous week’s closing of $37.65. CEC traded at a 52-week high of $41.79 in April 2010, and a 52-week low of $30.84 Aug. 13, 2010.

California Pizza Kitchen closed at $15.68 Friday, down from the previous week’s closing of $16.18 Friday. CPKI traded as high as $22.92 in April 2010, and as low as $13.19 in July 2010.

Pizza Inn turned in at $2.03 Friday, up a nickel from its previous Friday’s closing of $1.98. PZZI traded at a 52-week high of $2.20 in April 2010, and a 52-week low of $1.55 in January 2010.

Photo provided by pfala.

Related Content

User Comments – Give us your opinion!
Products & Services

Leapfrog POS App

http://global.networldalliance.com/new/images/products/4559.png

4559/Leapfrog-POS-App

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

Operations Support

http://global.networldalliance.com/new/images/products/6409.png

6409/Operations-Support

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

Digital Menu Boards

http://global.networldalliance.com/new/images/products/6681.png

6681/Digital-Menu-Boards

Business Performance Management

http://global.networldalliance.com/new/images/products/6413.png

6413/Business-Performance-Management

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

DriverAdvisor Fleet Monitoring

http://global.networldalliance.com/new/images/products/DriverAdvisor_iix.gif

1425/DriverAdvisor-Fleet-Monitoring

iiX Custom Points Program

http://global.networldalliance.com/new/images/products/custompoints.gif

1423/iiX-Custom-Points-Program

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.