Brinker International and Sysco Among Best Performing Restaurant Chains and Suppliers
Restaurants and National Suppliers making strides this year and lead the way for potential top performers and advancers for 2013: GRILLiT, Inc., Chipotle Mexican Grill, Inc. Brinker International, Inc. Wendy's, and Sysco Corporation.
Brinker International, Inc. owns, develops, operates, and franchises full-service casual dining restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brands primarily in the United States. As of September 25, 2013, it owned, operated, or franchised 1,596 restaurants. EAT started 2013 just above $30 per share range trading above $45 per share today. EAT closed down slightly on Monday on 731,000 shares traded by market close.
Sysco Corporation and US Foods announced an agreement to merge, creating a world-class foodservice company. The total enterprise value of the transaction is approximately $8.2 billion and the combination has been approved by the Board of Directors of each company. Bill DeLaney, Sysco president and chief executive officer, will lead the combined company, which will continue to be named Sysco and headquartered in Houston, Texas. At closing, Sysco will have estimated annual sales of approximately $65 billion.