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Tag: GRIL

  • Why Muscle Maker Inc. (GRIL) stock Became Bullish After Hours?

    On March 02, 2022, Muscle Maker Inc. (GRIL) rebounded in the after-hours and entered a bullish trend. There is no recent official announcement or SEC filing from the company to explain the bullish turn.

    Source: RCB Bank

    The stock remained in the red during the regular session with a loss of 9.46% as 12.15 million shares traded hands. After varying between $0.4600 and $0.6500, GRIL closed the session at a value of $0.4671 per share. Following the downfall, the stock made a comeback in the after-hours and added 7.04%. Hence, the stock was trading at a price of $0.5000 per share in the after-hours on Wednesday.

    The restaurant chain business operator, Muscle Maker Inc. was founded in 1995. Based in League City, TX, the company has a market capitalization of $20.59 million. Currently, the company has 39.91 million shares outstanding in the market.

    GRIL stock Movement

    On February 24, as the stock market suffered a blow due to the escalation of the Russia-Ukraine conflict, GRIL also saw a downfall. Like most of the stocks, GRIL reached a new low of $0.3800 on February 24. Following this, the stock had been somewhat stagnant with no significant change. Volume started building up on Tuesday while the stock still remained pretty much unchanged. On Wednesday, the stock traded at a heavy volume of 1,184% of its average. While there was no official reason, the stock suffered a downfall initially which was followed by a comeback in the after hours. It seems the stock was moving on external factors like social media discussions and stock sentiment.

    In the past five days, GRIL has added 9.19% while losing 35.13% year to date. The stock subtracted a value of 79.24% last year.

    Company News

    On February 16, the company announced the opening of the first Florida location of its subsidiary, Pokemoto. Pokemoto opened the first Florida non-traditional ghost kitchen location in Miami Beach. The kitchen will have kiosks for direct ordering as well as service delivery orders through third-party apps.

    Moreover, Pokemoto is set to open five additional locations in the Florida market in Miami, Lee and Collier counties, and Jacksonville Florida.

    On February 07, the company had announced a new franchise agreement of Pokemoto in Connecticut. The new addition increased Pokemoto’s Connecticut locations to 15.

    GRIL acquired Pokemoto in May 2021 which currently has nineteen open locations in six states. Since its acquisition, Pokemoto division has expanded over 300%.

  • Check Out These 10 Restaurants Industry Stocks

    Check Out These 10 Restaurants Industry Stocks

    The restaurant industry has never stopped flourishing despite facing constant changes and new challenges. Every year restaurant owners make plans to address the increasing needs of customers. This industry is so widespread that half of the adults have worked in food service in one way or another at some point in their lives.

    To keep pace with the fast-growing industries restaurant industry always keep a pulse on what’s happening around. The coronavirus pandemic has hit the restaurant industry badly but this industry is steadily moving towards the path of growth. There are few restaurant industry trends that customers are looking for. Trends include increasing online ordering, and tech takeover, etc.

    Here is a look at the top 10 companies in the restaurant’s industry which are following new trends to handle changing customer preferences:

    Muscle Maker Inc. (NASDAQ: GRIL)

    Muscle Maker Inc. (NASDAQ: GRIL) shares were trading up 33.33% at $2.04 at the time of writing on Monday. Muscle Maker Inc. (NASDAQ: GRIL) share price went from a low point around $1.31 to briefly over $5.09 in the past 52 weeks, though shares have since pulled back to $2.04. GRIL market cap has remained high, hitting $22.66M at the time of writing, giving it a price-to-sales ratio of more than 4. Muscle Maker Inc. (GRIL) has earlier announced the accquisition of the Manhattan Location. The company’s shares soared without the announcement of any news on Monday.

    Dunkin’ Brands Group Inc. (NASDAQ: DNKN)

    Dunkin’ Brands Group Inc. (NASDAQ: DNKN) last closed at $103.10, in a 52-week range of $38.51 to $89.85. Analysts have a consensus price target of $74.68. Dunkin’ & Area Rotary Districts Raise More Than $1.2 Million Throughout Alabama & Tennessee Benefitting End Polio Now. It has moved up 167.72% and 14.75% from its 52-weeks low and high, respectively.  DNKN market cap has remained high, hitting $8.52 billion at the time of writing.

    Starbucks Corporation (NASDAQ: SBUX)

    Starbucks Corporation (NASDAQ: SBUX) stock drop by -1.26% to $89.66. The most recent rating by RBC Capital Mkts, on October 26, 2020, is at an Outperform. Starbucks Corporation (SBUX) has announced a sales recovery after consumers starting visiting restaurants again. Starbucks Corporation’s market cap has remained high, hitting $103.15 billion at the time of writing.

    Bloomin’ Brands Inc. (NASDAQ: BLMN)

    Bloomin’ Brands Inc. (NASDAQ: BLMN) shares headed falling, lower as much as -6.33%. The most recent rating by Raymond James, on September 01, 2020, is at a Strong buy. Bloomin’ Brands Inc. (BLMN) has earlier shared the third quarter 2020 financial results. It has disclosed that the reason for less revenue is that the fewer sales because of the COVID-19 pandemic and stay-at-home orders.

    RAVE Restaurant Group Inc. (NASDAQ: RAVE)

    RAVE Restaurant Group Inc. (NASDAQ: RAVE) rose 6.92% after gaining more than $0.04 on Monday. RAVE Restaurant Group Inc. (RAVE) has earlier announced the appointment of two new leaders. It has named Darren Webb as director of development for RAVE, supporting both Pizza Inn and Pie Five, and Dion Firooznia as franchise business consultant for Pizza Inn.

    The Wendy’s Company (NASDAQ: WEN)

    The Wendy’s Company (NASDAQ: WEN) last closed at $23.30, in a 52-week range of $6.82 to $24.91. Analysts have a consensus price target of $24.33. The Wendy’s Company (WEN) has named Kevin Vasconi, as Chief Information Officer. The Wendy’s Company market cap has remained high, hitting $5.32 billion at the time of writing.

    Dave & Buster’s Entertainment Inc. (PLAY)

    Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) stock drop by -9.00% to $18.61. The most recent rating by Raymond James, on October 21, 2020, is at a Strong buy. Dave & Buster’s Entertainment Inc. (PLAY) announced that its indirect wholly-owned subsidiary, Dave & Buster’s, Inc. has priced $550 million in aggregate principal amount of its 7.625% senior secured notes due 2025 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended

    Aramark (NYSE: ARMK)

    Aramark (NYSE: ARMK) Shares headed falling, lower as much as -4.36% after SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Aramark for Potential Breaches Of Fiduciary Duty By Its Board of Directors. The most recent rating by Citigroup, on October 22, 2020, is at a Neutral. Aramark (ARMK) market cap has remained high, hitting $886.95 million at the time of writing.

    Restaurant Brands International Inc. (NYSE: QSR)

    Restaurant Brands International Inc. (NYSE: QSR) last closed at $55.41, in a 52-week range of $25.08 to $69.86. Burger King® Names Competitors’ Abandoned Restaurants as Scary Places This Halloween. Analysts have a consensus price target of $70.50. Restaurant Brands International Inc. (QSR) revealed earlier that it has generated over 94% of prior-year system-wide sales in Q3 with over 96% of restaurants open globally as of September.

    McDonald’s Corporation (NYSE: MCD)

    McDonald’s Corporation (NYSE: MCD) fall -1.94% after losing more than -$4.44 on Monday. McDonald’s Corporation (MCD) has earlier requested a U.S. judge to dissolve a lawsuit by dozens of Black former franchise owners who accused the fast-food giant of racial discrimination for selling them underperforming stores, saying it did not want them to fail and never promised success.

     

     

  • Top Stocks to Watch as Rising COVID-19 Numbers Tank Markets

    Top Stocks to Watch as Rising COVID-19 Numbers Tank Markets

    The markets are down this morning with the NASDAQ, the S&P 500, and the Dow are all in the red. This follows the increased number of COVID-19 cases and the return of strict lockdown measures. Over the weekend, the number of cases rose to hit a high of 83,757.

    Europe too has seen a huge spike in cases with France leading the way with more than 52,000 cases yesterday. This has seen several countries fall back into lockdowns with Italy and Spain announcing very strict measures. In fact, Spain has already declared a state of emergency.

    With the situation seemingly getting worse, the U.S economy, and the world economy at large is unlikely to reopen to pre-pandemic levels any time soon. On top of that, the number of cases is rising at a time when the U.S is close to an election, and there isn’t a consensus on a stimulus package to support the economy. This uncertainty could see the markets trade in the red for the better part of the day.

    Nonetheless, even as markets show weakness across the globe, there are stocks that are performing quite well today. Most of the day’s biggest gainers are stocks that had some good news towards the end of last week and over the weekend. Some of the stocks doing well pre-market are as below:

    Lianluo Smart Limited [NASDAQ: LLIT]

    Lianluo Smart Limited is a top performer this morning and is up by over 900%. This follows the company’s announcement that it had entered into a merger agreement with Newegg Inc. Under the merger deal, shareholders of Newegg Inc will become the main shareholders of Lianluo Smart Limited. On top of that, LLIT will sell its stake in Lianluo Connection Medical Wearable Device Technology Co. Ltd. On top of that, after the merger, the new entity will carry out a public offering where it expects gross proceeds of $30 million.

    Muscle Maker Inc [NASDAQ: GRIL]

    Muscle Maker Inc is a top performer this morning and is up by over 80%. This follows the company’s announcement the acquisition of a previously franchisee-owned location in Chelsea in Manhattan. This is one of the busiest locations and generated over $1.1 million in revenues in 2019.  As such, the acquisition gives muscle maker a chance to grow its business and test products in the market.

    Smart Sand Inc [NASDAQ: SND]

    Smart Sand Inc is up pre-market by over 30%. This follows the company’s announcement that it would release of Q3 results on November 9th, 2020. The expectation of positive results has seen the stock continue to gain.

  • Top Performers Braving the Mixed Market Sentiment

    Top Performers Braving the Mixed Market Sentiment

    It’s a mixed afternoon in the stock markets after retail data missed estimates. The consensus was that the retail sales would rise by 2.1% in July, but the numbers came back at 1.2%. This shows that the economy is still weak and may be in need of another bailout. However, there is optimism that the numbers also point to resilience given that money from the previous bailout is already spent. Economists believe that the numbers could point to recovery and that August could post even better numbers.  Despite the optimism, there are concerns that the market could be hurt by the fact that Congress is going into recess without a deal on the bailout. Failure to clinch a deal creates additional risks to the economy. In this environment of mixed sentiment, there are stocks that are outperforming the market. Some of the top performers this afternoon are:

    Sky Solar Holdings Ltd [NASDAQ: SKYS]

    Sky Solar Holdings Ltd is a top performer this afternoon and is up by 37.42%. This follows the company’s announcement of a Cayman Court Decision that was entered on the 30th of July, 2020.  The company also announced that yesterday, it had filed a complaint against Hudson Solar Cayman in the supreme court of New York. The company’s lawsuit wants a declaratory judgment on some of the aspects of the allegations by Hudson. The massive jump in value shows that investors are happy with the events that have transpired so far.

    Mesoblast Limited [NASDAQ: MESO]

    This is another big gainer this afternoon and is up by 46%. The stock’s rally follows news that the US FDA committee had voted 9:1 in support of Remestemcel-L in children that are suffering from Steroid Refractory Acute Graft Versus Host.  The company’s CEO, Dr. Fred Grossman stated that the treatment of Steroid-Refractory Acute Graft Versus Host was of utmost importance especially in kids below the age of 12. He added that the company was happy with the latest developments and that it was committed to an even closer working relationship with the FDA, as they review the treatment.  According to Dr. Joanne Kurtzberg, a professional of pediatrics at the Duke University Medical Center, the disease currently has no FDA-approved treatments.

    Muscle Maker Inc. [NASDAQ: GRIL]

    Muscle Maker Inc.is gaining this afternoon and is currently up by 15%. This follows the company’s announcement that it had started construction at four locations.  The construction will happen at 4 college locations namely: Manassas, Alexandria, Woodbridge, and Loudoun, all within the Northern Virginia Community College. The company also stated that it would give students a grab-and-go option.