- WHITE PAPERS
Wall Street has been very good to public pizza companies as of late, with Domino's, Papa John's and Chuck E. Cheese's turning in fresh 52-week highs last week. The peak marked Domino's seventh consecutive week of achieving a 52-week high.
Meanwhile, in other commodities news:
Average block cheese prices rose a penny to $1.73 last week on the Chicago Mercantile, from $1.72 the week prior. Cheese was $1.90 on May 1. Cheese remains significantly lower than the $2.10 average at the end of 2012.
Cheese markets closed at $1.75 Monday and Tuesday, $1.73 Wednesday, and $1.72 on Thursday and Friday.
Average wheat prices dropped a dime to $8.09 last week on the Minneapolis Grain Exchange, from $8.19 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 $8.11 Monday, $8.15 Tuesday, $8.06 Wednesday, $8.12 Thursday and $8.04 on Friday.
Gasoline and diesel fuel
The nationwide average price for regular unleaded fuel is $3.61, down from $3.63 last week.
According to the AAA and the Oil Price Information Service, prices a month ago were $3.64. Last year at this time, consumers were paying $3.50 at the pump.
Monday's mid-range unleaded is $3.79, from $3.81 last week. Premium gas is $3.94, from $3.96 last week.
Diesel fuel prices are $3.85, even from $3.85 the week prior. The price of diesel fuel was $3.88 a month ago, and $3.77 a year ago.
Natural gas hub prices declined in most regions this week (June 5-June 12). The Henry Hub closed at $3.74 per million British thermal units yesterday, down 25 cents, or 6.3 percent, for the week.
At the Nymex, the near-month (July) Nymex contract finished trading June 12 at $3.777 per MMBtu, 22.4 cents, or 5.6 percent, below its previous Wednesday close.
Pizza company stocks
Shares of Pizza Hut parent Yum! Brands Inc. closed last week at $71.61, up a bit from $71.12 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 closed out last week at $60.02, up from $59.45 the week prior. Domino's hit another 52-week high last week, at $61.24, the company's seventh consecutive week turning in new highs. Its low was a year ago, at $28.73. 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 $66.53, up from $65.30 the week prior. PZZA turned in a new 52-week high earlier last week at 67.22. 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 $41.50, up from $40.39 the week prior. CEC hit a new 52-week high earlier in the week at $42.35. The company's 52-week low was in August at $28.23.
Pizza Inn closed out last week at $5.17, up from $4.95 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 $2.20 a year ago.
Read more about supply chain news.