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Sonic Corporation : StockCall Scrutinizes Darden Restaurants, Wendy's, Cheesecake Factory, and Sonic

03/27/2013 | 07:05am US/Eastern

LONDON, March 27, 2013 /PRNewswire/ --

A data released on Tuesday showed that confidence among U.S. consumers fell unexpectedly in March. According to a report from the Conference Board, consumer confidence fell 8.3 points to 59.7 in March. The data suggests that consumer confidence has been weighed down by the automatic spending cuts, which took effect earlier this month. However, the labor and housing markets are continuing to recover, and therefore consumer confidence is likely to rebound in coming months, which augurs well for restaurant companies such as Darden Restaurants Inc. (NYSE: DRI), Brinker International Inc. (NYSE: EAT), The Cheesecake Factory Incorporated (NASDAQ: CAKE), and Sonic Corporation (NASDAQ: SONC). On Tuesday, restaurant stocks ended mostly higher, tracking gains in the broad market. StockCall reviewed the Restaurants industry and chose DRI, EAT, CAKE, and SONC for its technical coverage. These free reports can be seen for free at

http://www.stockcall.com/signup

Darden Restaurants Inc.'s shares edged higher in trading on Tuesday, however, the gains were limited. The stock closed 0.62% higher at $50.69, taking its gains in the last three trading sessions to over 3.50%. Darden's shares have had an excellent run so far in 2013, gaining more than 13.70%. The stock has seen a series of highs since the start of this month, which is a bullish signal. The positive trend is further confirmed by recent volume activity and the stock's MACD chart. Download the free research on DRI by signing up now at

http://www.StockCall.com/DRI032713.pdf

Shares of Brinker International Inc. gained in yesterday's trading session, extending their gains from the previous two sessions. Brinker's shares finished 0.87% higher at $37.01. The stock has now gained nearly 4% in the last three sessions. The company's shares are hovering around their 52-week high of $37.17. The stock recently broke through $36 resistance level, which is a strong bullish signal. The upbeat trend is further confirmed by the stock's MACD chart. The MACD is currently trading above the signal line and zero-line. Register for today's free analysis on EAT at

http://www.StockCall.com/EAT032713.pdf

The Cheesecake Factory Inc.'s shares continued to edge higher in trading on Tuesday, touching a 52-week high of $37.86. The stock closed 1.42% higher at $37.81, taking its gains in the last three sessions to over 4%. The Cheesecake Factory's shares have had an excellent run this month. The stock has seen a series of higher highs since the start of this month. Year-to-date, it has now gained nearly 16%, compared to a gain of over 9.60% for the S&P 500. Free report on CAKE can be accessed by registering at

http://www.StockCall.com/CAKE032713.pdf

Shares of Sonic Corporation rallied on Tuesday, touching a 52-week high, after the company reported its second-quarter financial results. The stock touched a 52-week high of $12.93 before finishing the day 9.72% higher at $12.87. Shares of SONC broke through $12 resistance level as a result of the rally yesterday. This is a bullish signal. The stock is also trading well above its 50-day and 200-day moving averages, which further confirms the upbeat trend. Year-to-date, Sonic's shares have now gained more than 23%, outperforming the broad market. Register with StockCall and download the research on SONC for free at

http://www.StockCall.com/SONC032713.pdf

About StockCall.com

StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at

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SOURCE StockCall.com

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