Hunt Brothers Pizza has since June set up a presence at five U.S. Army or Air Force bases in Germany. The local company's stations are inside other retailers operating under the Army & Air Force Exchange Service banner. Check out more info here.
Dollar General's board members appear to be a bunch of true believers. A couple of days after AutoZone CEO Bill Rhodes spent about $370,000 to pad his stake in Dollar General following the stock's slip in the wake of the company's Q2 earnings, fellow director Michael Calbert followed suit — and then some. Calbert, a former KKR executive who joined Dollar General's board when the investment firm bought the company (Ticker: DG) in 2007, early this week spent more than $2.7 million to more than triple his stake in Goodlettsville-based Dollar General. Check out his filing here.
Nashville-based microbrewery Little Harpeth Brewing Co. will open its taproom today.
The company started brewing craft beer (originally, lagers only) in 2014 from a North Nashville facility located at 30 Oldham Street. Little Harpeth beer is now available in multiple area bars and restaurants.
Read more here.
Catholic Charities of Tennessee’s Sewing Training Academy has opened in East Nashville at 1210 Davidson St.
According to a release, CCofT, Nashville Fashion Alliance and Nashville/Smithville-based Omega Apparel Inc. have collaborated to oversee the academy, which is expected to yield workers for the city’s burgeoning fashion industry.
“I am ready to put the graduates to work,” said Dean Wegner, Omega Apparel president/CEO. “Within five years, this initiative could easily add 1,000 new jobs to the local economy.”
The Frist Foundation, the Memorial Foundation and other benefactors provided start-up funding for the academy.
“The Sewing Training Academy is a wonderful example of a public/private partnership that will prepare Middle Tennesseans for skilled, well-paying jobs supporting the local growing creative economy,” said Bill Sinclair, executive director of Catholic Charities.
The academy will offer three-week courses at beginner, intermediate and advanced levels, with classes to be conducted from 9 a.m. to noon Mondays through Fridays.
Read more here.
(Trishawna Quincy, Sewing Training Academy instructor, addresses students in the new facility.)
Just about all of our reports on noteworthy stock trades by local public-company insiders have them booking juicy profits. But every once in a while, we get to draw attention to an investment that signals a big vote of confidence. So it is here with Bill Rhodes, the CEO of AutoZone and a director of Dollar General: A trust set up by Rhodes, who has been on the Dollar General board since 2009, last week spent $370,000 to buy 5,000 shares of the discount retailer, growing his total (direct and indirect) holdings to more than 27,000 shares. The move came after Dollar General (Ticker: DG) slipped from above $80 to the mid-$70s amid broader market trumoil and in the wake of its Q2 profit report.
Following Dollar General's second-quarter earnings report, UBS' Michael Lasser has taken a sanguine tone that is similar to that of a number of other analysts. In reiterating his 'buy' rating and $85 target for Dollar General (Ticker: DG), Lasser says CEO Todd Vasos and his team still have a number of ways to hit their profit growth goals.
From here, even if the company's algorithm rests on a longer-term comp that hovers around the 3% range, we think it can still produce mid-teens EPS growth with optionality to the upside. We would use the pullback as an opportunity.
The average per-gallon price of regular gas in Nashville on Sunday was $2.25, down eight cents compared to the mark of a week ago and down 21 cents from the figure of four weeks prior.
This time in 2014, the average per-gallon price of regular gas in Nashville was $3.21, according to AAA The Auto Club Group.
Relatedly, Tennessee’s average price was $2.17 Sunday, down nine cents compared to the figure from the previous week.
The price was $2.38 four weeks ago and $3.21 a year ago. In Tennessee, the peak price to date this year has been $2.58 (on June 17).
The national average Sunday was $2.48, 12 cents lower than the mark from the prior Sunday.
Motorists in the Southeast should find the lowest Labor Day gas prices in a decade. The current state average prices of $2.31 in Florida and Georgia, and $2.17 in Tennessee are $1.06, $1.02, and $1.04 cheaper than the price during last year's holiday respectively.
"Low gas prices are added incentive for Americans to take a road trip this Labor Day weekend," Mark Jenkins, AAA spokesman, said in the release. "Low gasoline prices are an added boost in disposable income, giving travelers more money to spend on lodging, shopping and dining out."
Last week, the price of oil dropped below $40 a barrel, the lowest mark since February 2009. During that time, the national average price of gasoline averaged $1.90. However, oil rallied toward the end of the week, settling at $45.22 on Friday.