Pizza stocks not immune to Wall Street drama

Europe's unstable economy and "fiscal cliff" concerns following the re-election of President Obama and a Republican Congress caused the biggest sell off of the year on Wall Street last week. Public pizza companies were not immune and experienced drops across the board.

The good news, however, is there is finally a relief in cheese prices after many weeks on the rise, and gas prices continue to fall after spiking in the summer and then again in early September.

Cheese

Average block cheese prices dropped to $2.02 last week on the Chicago Mercantile Market, from $2.11 the week prior.

Prices closed at $2.11 Monday and Tuesday, $1.99 Wednesday and Thursday, and $1.92 on Friday.

Wheat

Wheat prices jumped to $9.51 last week on the Minneapolis Grain Exchange, from $9.39 the week before. Wheat remains nearly $2 higher than it was in the summer, when prices averaged $7.49.

Prices closed at $9.40 Monday, $9.48 Tuesday, $9.59 Wednesday, $9.58 Thursday and $9.50 Friday.

Gasoline and diesel fuel

Today's nationwide average for regular unleaded fuel is $3.43, down from $3.47 last week.

According to the AAA and the Oil Price Information Service, prices a month ago were $3.80. Last year at this time, consumers were paying $3.43 at the pump.

Today's mid-range unleaded is $3.61, from $3.64 last week, while today's premium gas is $3.76, from $3.79.

Diesel fuel prices fell slightly, averaging $4, from $4.03 last week. The price of diesel fuel is also down from $4.13 last month and up from $3.94 last year.

Natural gas

Natural gas prices increased for the report week (Oct. 31 to Nov. 7) at many of the country's trading locations, particularly the Algonquin Citygate (which serves consumers in Boston), where prices doubled from last week to $8.45 per million British thermal units (MMBtu). The Henry Hub price closed at $3.47 per MMBtu, down 3 cents per MMBtu for the week.

The natural gas futures market trended steadily lower over the week. At the New York Mercantile Exchange (NYMEX), the December 2012 natural gas contract lost 11 cents per MMBtu to close at $3.578 per MMBtu Nov. 7.

Pizza company stocks

Pizza Hut parent Yum! Brands Inc. closed last week at $71.14, down from $72.12 the week prior. The company hit its 52-week high in May at $74.44. Its 52-week low is $52.54 from a year ago.

Domino's closed last Friday at $39.84, down from $40.52 the week prior. The company's 52-week high was $42.21 in April. Shares remain higher over this time last year when the company traded at $28.17.

Papa John's closed last Friday at $49.73, down from $50.27 the week prior. PZZA hit its 52-week high at $56.41 after a strong Q2 earnings report in early August. The company hit its 52-week low of $35.21 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $31.74, a drop from $32.60 the week prior. The company's 52-week high was $40.01 in March. Its 52-week low was $28.23 a year ago.

Pizza Inn closed Friday at $2.56, a slight drop from $2.69 the week prior. PZZI hit its 52-week high of $7.07 in December and traded as low as $2.18 a year ago.

Read more about equipment and supplies.

Related Content

User Comments – Give us your opinion!
Products & Services

Custom Digital Signage Templates

http://global.networldalliance.com/new/images/products/6683.png

6683/Custom-Digital-Signage-Templates

Get more from your restaurant POS with online videos and tutorials

http://global.networldalliance.com/new/images/products/1294.png

1294/Get-more-from-your-restaurant-POS-with-online-videos-and-tutorials

Digital Menu Boards

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

6681/Digital-Menu-Boards

Group Purchasing Services

http://global.networldalliance.com/new/images/products/6403.png

6403/Group-Purchasing-Services

Can you prove your restaurant POS is PCI-compliant?

http://global.networldalliance.com/new/images/products/1292.png

1292/Can-you-prove-your-restaurant-POS-is-PCI-compliant

Online Ordering

http://global.networldalliance.com/new/images/products/4285.png

4285/Online-Ordering

Enterprise Reporting & Management

http://global.networldalliance.com/new/images/products/6813.png

6813/Enterprise-Reporting-Management

Nationwide Criminal Records

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

1427/Nationwide-Criminal-Records

Social Security Number (SSN) Verification

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

1426/Social-Security-Number-SSN-Verification

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

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.