Domino’s surpasses 52-week high

 
Jan. 9, 2011 | by Alicia Kelso

Cheese

Average block cheese prices increased more than a penny last week on the Chicago Mercantile Exchange, coming in at an average of $1.348.

Block cheese prices closed at $1.34 Monday, Tuesday and Wednesday; $1.36 on Thursday; and just over $1.36 Friday.

Cheese prices remain down from last year, when they averaged $1.63 per pound.

Wheat

Wheat prices flirted with reaching the $9 mark last week, hitting $8.99 Wednesday on the Minneapolis Grain Exchange, before dropping to close just under $8.71 on Jan. 7. This is 10-cent decrease from the previous Friday, when wheat closed at $8.81.

Wheat closed at $8.89 Jan. 3; $8.76 Jan. 4; $8.99 Jan. 5; $8.83 Jan. 6; and $8.70 Jan. 7.

Gasoline and diesel fuel

The nationwide average for regular unleaded gasoline was $3.08 on Monday, a slight increase from the previous week’s average of $3.07, according to AAA and the Oil Price Information Service.

Prices also are up from a month ago, when they were $2.97, and from this time last year, when consumers were paying $2.74 at the pump.

Mid-range unleaded currently averages $3.28, while premium unleaded Monday was $3.39.

The nationwide average for diesel fuel stood at $3.33 per gallon Monday, up 2 cents from last week’s $3.31. Diesel prices also remain up from $3.24 a month ago, and from $2.90 a year ago.

Natural Gas

Natural gas spot prices rose at all domestic pricing points, likely in response to expectations for still-colder weather. The Henry Hub price rose 33 cents per million Btu (MMBtu) (about 8 percent) for the week ending Jan. 5, to $4.52 per MMBtu.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed at $49.52 on Jan. 7, an increase from its $49.05 closing Dec. 31. Yum! traded at an all-time 52-week high of $52.47 in November 2010, and a 52-week low of $32.49 in February 2010.

Domino’s closed at $16.63 Jan. 7, a big bump from its $15.95 closing Dec. 31, overtaking the company’s previous 52-week high of $16.32 in April 2010. Domino’s traded as low as $7.57 in December 2009.

Papa John's stock closed at $28.14 Jan. 7, up from its $27.70 closing Dec. 31. PZZA traded at a 52-week high of $28.84 in May 2010, and a 52-week low of $21.77 in February 2010.

Shares in CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed at $38.59 Jan. 7, slightly below the Dec. 31 closing of $38.83. 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 dropped to $16.73 Jan. 7 from its $17.28 closing Dec. 31. CPKI traded as high as $22.92 in April 2010, and as low as $13.19 in July 2010.

Pizza Inn opened up the first week of the year with a $2.12 closing Jan. 7, up from its $1.95 Dec. 31 closing. PZZI traded at a 52-week high of $2.20 in April 2010, and a 52-week low of $1.55 in January 2010.

 


Topics: Business Strategy and Profitability , California Pizza Kitchen , Chuck E. Cheese's Pizza , Domino's Pizza , 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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