Domino's hits 52-week high for 5th straight week

 
June 3, 2013 | by Alicia Kelso

Domino's and Chuck E. Cheese both hit new 52-week highs on the stock market last week. Domino's has turned in a peak price every week for the past five weeks.

Meanwhile, in other commodities news:

Cheese

Average block cheese prices fell a penny to $1.75 last week on the Chicago Mercantile, from $1.75 the week prior. Cheese was $1.86 in the early part of May.

Cheese remains significantly lower than the $2.10 average at the end of 2012.

Cheese markets closed at $1.75 Tuesday, and $1.74 Wednesday through Friday. Markets were closed Monday for the Memorial Day holiday.

Wheat

Wheat prices rose slightly last week on the Minneapolis Grain Exchange, averaging $8.14, from $8.11 the week prior.

Wheat averaged $7.81 in early April. Prices averaged $9.13 at the end of 2012. Prices during the mid-summer 2012 averaged $7.49, before the drought kicked in.

Last week, wheat closed at $8.06 Tuesday, $8.15 Wednesday and Thursday, and $8.20 on Friday.

Gasoline and diesel fuel

The nationwide average price for regular unleaded fuel is $3.62, from $3.63 last week.

According to the AAA and the Oil Price Information Service, prices a month ago were $3.52. Last year at this time, consumers were paying $3.59 at the pump.

Monday's mid-range unleaded is $3.80, from $3.81 last week. Premium gas is $3.95, even from last week.

Diesel fuel prices are $3.86, down from $3.88 the week prior. The price of diesel fuel was $3.87 a month ago, and $3.90 a year ago.

Natural gas

With the exception of locations in the Northeast, natural gas spot prices were flat or slightly down at most trading locations during the report week (May 22 –May 29). The Henry Hub spot price decreased by $0.01 per million British thermal unit (MMBtu) from $4.16 per MMBtu May 22 to $4.15 per MMBtu May 29.

At the New York Mercantile Exchange (Nymex), the price of the near-month (June 2013) natural gas futures contract fell slightly, moving from $4.186 per MMBtu May 22 to $4.148 per MMBtu May 29.

Pizza company stocks

Shares of Pizza Hut parent Yum! Brands Inc. closed last week at $68.60, from $69.30 the week prior. The company's 52-week low was in early February at $59.68. The company's 52-week high was $74.75 in November.

Domino's finished at $59.79, up from $59.21 the week prior. For the fifth week in a row, DPZ hit another 52-week high, at $60.21 on Tuesday. Its low was in June 2012 at $28.17. Analysts attribute the 52-week highs to better-than-expected Q1 results, international expansions, increasing global demand and effective pricing.

Papa John's closed last week at $64.86, up from $63.23 the week prior. PZZA turned in a new 52-week high in May at $66.85. The company hit its 52-week low of $45.19 a year ago.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $40.40, up from $39.25 the week prior. CEC hit a new 52-week high of $40.75 earlier last week, riding a positive earnings report. The company's 52-week low was in August at $28.23.

Pizza Inn closed out last week at $5.05, from $4.93 the week prior. PZZI hit a new 52-week high in May, at $9.18, after announcing a new franchise plan. The company traded as low as $2.18 in June.

Read more about supply chain news.

 


Topics: Cheese , Chuck E. Cheese's Pizza , Domino's Pizza , Equipment & Supplies , Operations Management , Papa John's , Pizza Hut , Pizza Inn


Alicia Kelso / Alicia has been a professional journalist for 15 years. Her work with QSRweb.com and PizzaMarketplace.com has been featured in publications around the world, including Good Morning America, Voice of Russia radio, Consumerist.com and Franchise Asia magazine.
View Alicia Kelso's profile on LinkedIn

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