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August 5, 2016

Americans Still Love Fast Food

By Bred Hershman, Benzinga
Despite the rise in popularity from fast casual restaurants Panera Bread Co (NASDAQ: PNRA), Chipotle Mexican Grill, Inc. (NYSE: CMG), and Noodles and Co (NASDAQ: NDLS) in recent years, fast food still remains King.
Fast food restaurants traffic increased 5 percent faster than fast casual restaurants in the first half of 2016.
Jack in the Box Inc. (NASDAQ: JACK) reported strong Q3 earnings that saw the stock pop more than 10 percent. Jack in the Box, along with Domino's Pizza, Inc. (NYSE: DPZ), has taken more market share in late night dining. Jack in the Box's Chipotle rival, Qdoba Mexican Grill, played a key role in the increase in sales for the company.
Related Link: Top Chefs Choose Their Favorite Fast Food
The Fast Food Industry by Market Share
  • McDonald's Corporation (NYSE: MCD) - 36 percent. Shares are up 0.14 percent in 2016, last closing at $118.30.
  • Subway - 14 percent
  • Burger King (a part of Restaurant Brands International Inc (NYSE: QSR)) - 11 percent. The stock is up 16.6 percent in 2016, closing at $60.37.
  • Wendys Co (NASDAQ: WEN) - 8 percent. Shares are down 9.9 percent in 2016, last closing at $9.70.
  • Taco Bell (a part of Yum! Brands, Inc. (NYSE: YUM)) - 8 percent. The stock is up 21 percent in 2016, last closing at $88.42.
  • Chick-fil-A - 6 percent
  • Pizza Hut and KFC (also a part of Yum Brands) - 4 percent
  • Jack in the Box - 4 percent. Shares are up 26.4 percent in 2016, last closing at $96.99.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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