LONDON, March 4, 2013 /PRNewswire/ --
The restaurant industry in the U.S. had a tough 2012. However, the National Restaurant Association (NRA) expects things to improve in 2013, although at a slower pace. The NRA expects total restaurant sales to rise 3.8% on a year-over-year basis to $660.5 billion this year. Full-service restaurant segment is expected to grow 2.9% in 2013, according to NRA's estimates. For restaurant companies such as Starbucks Corporation (NASDAQ: SBUX), Panera Bread Co. (NASDAQ: PNRA), McDonald's Corporation (NYSE: MCD), Jamba Inc. (NASDAQ: JMBA) and Texas Roadhouse Inc. (NASDAQ: TXRH), the key will be to keep costs under control and look to expand internationally. On Friday, restaurant stocks ended on a mixed note even as the broad market posted modest gains. StockCall analysts initiated preliminary technical research on SBUX PNRA MCD JMBA and TXRH. These free reports are accessible by signing today at
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Shares of Starbucks Corporation, on Friday, crossed above their 50-day moving average. This is a bullish signal. Recent volume activity further confirms the bullish trend. At the end of last week, Starbucks Corporation shares ended 0.04% higher at $54.87 on volume of 4.23 million. The stock rose nearly 1.30% last week. Year-to-date, it has gained more than 2.30%. The Specialty Eateries company shares are currently facing resistance at around $55. The stock has support at $54. The free technical analysis on SBUX is available by signing up at
http://www.StockCall.com/SBUX030413.pdf
Shares of Panera Bread Co. ended marginally lower in Friday's trading session. The stock closed 0.28% lower at $160.50 on volume of 465,648. Despite the pullback on Friday, Panera Bread's shares rose more than 2% last week. Year-to-date, the stock has underperformed the broad market, gaining just a little over 1%. The company's shares are currently trading above their 200-day moving averages. The stock's MACD recently moved above the signal line, which is a bullish signal. Register now to download the free research on PNRA at
http://www.StockCall.com/PNRA030413.pdf
Shares of McDonald's Corporation also slipped in Friday's trading session even as the broad market edged higher. The stock closed 0.23% lower at $95.68 on volume of 3.82 million. The stock has outperformed the broad market this year, gaining nearly 8.50%, compared to a gain of nearly 6.50% for the S&P 500. McDonald's shares recently broke through $95 resistance level, which is a bullish signal. The bullish trend is further confirmed by recent volume activity and the MACD chart. Free report on MCD can be accessed by registering at
http://www.StockCall.com/MCD030413.pdf
Shares of Jamba Inc. edged lower in Friday's trading session. The stock closed 0.36% lower at $2.79 on volume of 689,601. Despite the pullback on Friday, Jamba's shares gained more than 2% for the week. The company's shares are currently facing resistance at around $2.80. The stock has support at $2.70. Register with StockCall and download the research on JMBA for free at
http://www.StockCall.com/JMBA030413.pdf
Shares of Texas Roadhouse Inc. rose sharply in Friday's trading session, extending their gains for the week. The stock closed 1.29% higher at $19.59 on volume of 1.05 million. For the week, the stock rose more than 3%, outperforming the broad market. Texas Roadhouse shares have had an excellent run this year, gaining more than 16%, compared to a gain of around 5% for the NASDAQ. Read the full free research on TXRH by signing up to StockCall at
http://www.StockCall.com/TXRH030413.pdf
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