Stock market affected by Greece's debt crisis

 
Oct. 2, 2011 | by Alicia Kelso

Cheese

Average block cheese prices remained steady at $1.72 last week on the Chicago Mercantile Exchange, even with the previous week's average.

Cheese prices closed at $1.73 Monday, $1.71 Tuesday, $1.71 Wednesday, $1.72 Thursday and $1.72 Friday.

Wheat

Wheat prices pushed back up to $8.77 after dropping to $8.38 last week on the Minneapolis Grain Exchange. Wheat was as high as $9.57 in mid-September, but prices have responded to a higher than anticipated U.S. supply.

Wheat closed at $8.70 Monday, $8.69 Tuesday, $8.61 Wednesday, $8.95 Thursday and $8.92 Friday.

Gasoline and diesel fuel

A sharp decline in crude oil prices has sent gas prices down in the past couple of weeks. Some markets are experiencing less than $3 a gallon for the first time in months.

Today's nationwide average for regular unleaded gasoline is $3.41, down from $3.49 a week ago, according to AAA and the Oil Price Information Service.

Prices are also down from $3.65 a month ago, but remain up from this time last year, when consumers were paying $2.71 at the pump.

Mid-range unleaded dropped to $3.56 from $3.63 the previous week, while today's premium unleaded price is $3.69, down from $3.76 last week.

The nationwide average for diesel fuel is $3.82, from $3.85 last week. The price of diesel fuel is down from last month's $3.90 but up from this time last year when it cost $2.99.

Natural Gas

Natural gas spot prices at most market locations across the country this past week initially declined and then began to creep upwards as natural gas use for power generation increased. The upward trend was halted Sept. 28 as prices at nearly all points retreated, possibly due to forecasts for considerably colder weather. After declining from $3.78 per million British thermal units (MMBtu) last week to $3.72 per MMbtu, the Henry Hub spot price increased to $3.92 per MMBtu on Sept. 27 and closed at $3.88 per MMBtu Sept. 28.

Pizza company stocks

All eyes are on Greece as the country attempts to remedy its debt crisis. On Friday, stocks were affected, with major indexes losing more than 2 percent.

Pizza Hut parent Yum! Brands Inc. closed last week at $49.39, down more than $2 from $51.66 the previous week. The company hit its 52-week high in August when shares were $56.72. Yum! traded as low as $46.40 in January.

Domino's closed last Friday at $27.25, from $28.16 the week before. The company hit a new 52-week high earlier last week, closing at $28.80. TheStreet.com rated high strengths for Domino's in revenue growth, solid financial position, solid stock price performance, growth in earnings per share and increase in net income. Shares remain substantially higher over this time last year when the company traded at $13.09 in October 2010.

Papa John's closed Friday at $30.43 Friday, up a bit from $29.98 the previous week. The company hit its 52-week high in May at $34.27 and traded as low as $25.49 in October 2010.

CEC Entertainment Inc., parent company of Chuck E. Cheese restaurants, closed out last week at $28.47, up a penny from $28.46 the previous Friday. CEC hit a new 52-week low of $27.42 earlier last week. The company hit its 52-week high of $41.75 in July.

Pizza Inn stocks ended at $3.38 Friday, up 30 cents from $3.08 the previous week. Pizza Inn hit its 52-week high in July when it finished at $3.40. It traded as low as $1.83 in October 2010.

Read more about equipment and supplies.


Topics: 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 FastCasual.com, QSRweb.com and PizzaMarketplace.com has been featured in publications around the world, including NPR, Good Morning America, Voice of Russia radio, Consumerist.com and Franchise Asia magazine.
View Alicia Kelso's profile on LinkedIn

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