Technical Scrutiny on Restaurants Stocks -- Cheesecake Factory, Starbucks, Yum! Brands, Darden Restaurants, and Bloomin' Brands
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LONDON, August 7, 2014 /PRNewswire/ --
On Wednesday, August 6, 2014, the NASDAQ Composite ended at 4,355.05, up 0.05%, the Dow Jones Industrial Average finished the day 0.08% higher at 16,443.34, and the S&P 500 closed the day flat at 1,920.24. The losses were broad based as six out of ten sectors ended the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 520.56, down 0.26%, while the index has advanced 3.54% in the previous three months. Investor-Edge has initiated coverage on the following equities: The Cheesecake Factory Inc. (NASDAQ: CAKE), Starbucks Corporation (NASDAQ: SBUX), Yum! Brands Inc. (NYSE: YUM), Darden Restaurants Inc. (NYSE: DRI), and Bloomin' Brands Inc (NASDAQ: BLMN). Free research on these five companies can be accessed at:
http://investor-edge.com/register
On Wednesday, shares in The Cheesecake Factory Inc. recorded a trading volume of 0.46 million shares, lower than its three months average volume of 0.71 million shares. The stock ended the day at $43.25, which was 0.82% above its previous day's closing of $42.90, and registered an intraday range of $42.68 and $43.44. Shares of the company traded at a PE ratio of 20.42. Although The Cheesecake Factory Inc.'s shares have advanced 0.84% in the previous three trading sessions, it has lost 2.74% in the last three months and 10.40% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $45.56 and $46.49, respectively. Furthermore, shares of The Cheesecake Factory Inc. have a Relative Strength Index (RSI) of 31.24. Sign up and read the free notes on CAKE at:
http://www.Investor-Edge.com/CAKE-07Aug2014
Starbucks Corp.'s stock edged 0.44% higher, to close Wednesday's session at $77.13, after oscillating between $76.27 and $77.44. The stock recorded a trading volume of 2.97 million shares, below its three months average volume of 3.86 million shares. Over the last three trading sessions and previous three months, Starbucks Corp.'s shares have advanced 0.19% and 10.85%, respectively. However, from the beginning of 2014, the stock has declined 1.61%. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $76.90 is above its 200-day moving average of $75.54. Further, Starbucks Corp.'s stock traded at a PE ratio of 30.21 and has an RSI of 44.12. The complimentary notes on SBUX can be downloaded as in PDF format at:
http://www.Investor-Edge.com/SBUX-07Aug2014
On Wednesday, shares in Yum! Brands Inc. fluctuated between $69.60 and $70.54 before ending the session 0.59% higher at $70.00. The stock reported a trading volume of 3.06 million shares, close to its three months average volume of 3.07 million shares. Shares of the company traded at a PE ratio of 21.25. Yum! Brands Inc.'s shares have lost 0.65% in the previous three trading sessions, 7.71% in the last three months and 7.42% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $78.40 and $74.82, respectively. Moreover, shares of Yum! Brands Inc. have an RSI of 23.85. Register for free on Investor-Edge and access the latest research on YUM at:
http://www.Investor-Edge.com/YUM-07Aug2014
Darden Restaurants Inc.'s stock edged 0.78% lower, to close the day at $46.92. The stock recorded a trading volume of 1.74 million shares, above its three months average volume of 1.57 million shares. The stock oscillated between $46.86 and $47.41 during the session. Over the last three trading sessions and over the past one month, Darden Restaurants Inc.'s shares have gained 0.56% and 1.30%, respectively. However, the stock has lost 13.70% since the start of this year. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $49.94 is above its 50-day moving average of $47.31. Additionally, Darden Restaurants Inc. traded at a PE ratio of 24.18 and has an RSI of 58.19. The complete research on DRI is available for free at:
http://www.Investor-Edge.com/DRI-07Aug2014
Bloomin' Brands Inc.'s stock finished Wednesday's session 6.11% higher at $15.98. A total of 5.41 million shares were traded, which was much above its three months average volume of 1.45 million shares. The stock moved between $15.05 and $16.09 during the session. Bloomin' Brands Inc.'s shares have plummeted 17.76% in the previous three trading sessions and 27.79% in the last three months. Additionally, from the beginning of 2014, the stock has declined 33.44%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $23.02 is greater than its 50-day moving average of $21.28. Bloomin' Brands Inc.'s stock traded at a PE ratio of 11.23 and has an RSI of 14.21. Free in depth research on BLMN is available at:
http://www.Investor-Edge.com/BLMN-07Aug2014
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