Despite high-profile IPOs, quick-service stocks performed worse than overall market in 2014.
Shake Shack, expected to file its IPO on Friday, could help limited-service stocks climb back from a down 2014.
After outperforming Wall Street the past few years, the stock prices of restaurant companies with quick-service concepts finished a bit worse than the overall market in 2014.
Slightly more than half of limited-service dining companies’ stocks were bested by the Standard & Poor’s 500 index last year. A dozen companies, including quick-service giants McDonald’s and Yum! Brands, saw their equity prices decline during the period. The S&P 500 gained 11.4 percent, but its restaurant sector index rose just 4.3 percent.
Good Times Restaurants Inc. announced its same-store sales increased 17.9 percent for the month of July, its fourth consecutive month of double-digit increases.
“Our goal is to continue to compound our year-over-year sales increases at Good Times and optimize the profit flow-through on those incremental sales as we ramp up for additional new unit growth in company-owned and franchised restaurants in the Bad Daddy’s Burger Bar concept,” says Boyd Hoback, president and CEO.
Good Times Restaurants announced it is rolling out a new chicken platform in February and March based on Springer Mountain Farms’ antibiotic-free, hormone-free, responsibly raised chicken tenderloins that will be hand breaded daily in each of its restaurants.
The company said that the move will make Good Times the only quick-service restaurant in its market that serves all-natural, responsibly raised beef and chicken that is hormone free and antibiotic free, with no pesticides or animal byproducts in the feed.