|Bid||49.50 x 900|
|Ask||49.97 x 1100|
|Day's Range||48.25 - 50.00|
|52 Week Range||38.05 - 64.18|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||996.00|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||0.90 (1.92%)|
|1y Target Est||50.00|
Pizza chain Papa John's named former basketball star Shaquille 'Shaq' O'Neal as its newest board member, brand ambassador and investor, sending shares of the troubled chain higher. Conway G. Gittens reports.
CEO Steve Ritchie, Chairman Jeffrey Smith, and NBA hall of famer Shaquille O'Neal join "Squawk on the Street" to discuss O'Neal's latest role as a board member for the pizza brand. The movies after slumping sales and controversy from founder John Schna...
Shaq tells TheStreet that 'everyone loves pizza and pizza loves everyone' after he joins the board of Papa John's. Watch the interview.
, the embattled pizza chain that ousted founder John "Papa John" Schnatter as CEO and chairman after Schnatter made racist comments, are rallying Friday after the chain named NBA legend Shaquille O'Neal to its board of directors. Chairman Jeff Smith said the company is "thrilled to partner with Shaquille and welcome him to the Papa John's board.
A day after a big rally, stocks were under significant pressure on Friday. This is as Treasury yields threaten to invert and drag banks lower. It also ignites recession fears among investors. Let's look at a few top stock trades to watching going into next week. Top Stock Trades for Tomorrow 1: Bank of AmericaBank stocks are under extreme pressure on Friday. Looking at Bank of America (NYSE:BAC), shares were down 5% at one point during the day. Now off less than 4%, bulls are stepping up to the plate a bit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, this one was breaking out to the upside just the other day. Now we're seeing range support give way. $28 was the floor in this name and now just a few pennies above $27, support has officially gave way.Unless you're a long-term investor, I would avoid BAC stock. At the very least, I'd give it a few days to see how it shakes out. I want to see if $28 will act as resistance or if BAC will fill the gap down to $26.50. It almost filled that gap on Friday, but didn't quite get there.If the gap doesn't hold as support, look for the backside of prior downtrend support to buoy BAC. Top Stock Trades for Tomorrow 2: TiffanyTiffany & Co (NYSE:TIF) shares were jumping on Friday, climbing 3% on a tough day in the markets thanks to better-than-expected earnings. Is it rallying right into resistance though?The stock has been trending higher in a channel for several months and is now breaking out. But the $105 level could be tough to penetrate. For starters, this level was support turned resistance last fall, while potential downtrend resistance is near the area as well. Finally, the 50% retracement for the 52-week range sits just under $106.That said, if TIF can push through this mark, it could trigger a large breakout. If so, see how it handles the 200-day. On a pullback, see if the prior channel resistance holds as support. Top Stock Trades for Tomorrow 3: Papa John'sPapa John's (NASDAQ:PZZA) has added Shaquille O'Neal to its board and as a brand ambassador. This sent the stock higher by almost 6% on Friday. The move propelled PZZA over the 50-week moving average, while the momentum-measuring MACD (green circle) turns more in the bulls' favor.If momentum keeps up, see if PZZA can climb to $55. On a pullback, I want to see the 50-week and 10-week moving averages hold as support. Top Stock Trades for Tomorrow 4: Canopy GrowthOne could make the argument that Canopy Growth (NYSE:CGC) is still consolidating tightly between support and resistance. Loosely speaking, it is. But with Friday's decline below the 20-day and 50-day moving averages and CGC is losing steam.This group -- and this name specifically -- can be volatile. So I'm not saying that it won't snap back on Monday and even breakout higher at some point next week. But at this rate, the name is simply lacking any follow through, meeting sellers each time it nears $48.Even though we've been watching this one for weeks, it may be time for bullish traders to move on after Friday's fall. The close below the 50-day is certainly a negative. Top Stock Trades for Tomorrow 5: NikeDespite beating on earnings and revenue estimates, Nike (NYSE:NKE) stock is falling almost 6% on Friday as guidance disappoints.If the stock doesn't reclaim the 50-day early next week, Nike may have lower to go. If it does reclaim this mark, look for $83 and the 50-day to support the stock. Otherwise, let's see if we can't nab NKE stock on a decline down to the 200-day. That would be a great dip-buying opportunity.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.Compare Brokers The post 5 Top Stock Trades for Monday: CGC, TIF, NKE, PZZA appeared first on InvestorPlace.
The following is the unofficial transcript of a FIRST ON CNBC interview with Papa John CEO Steve Ritchie, Starboard Value CEO and Papa John's Chairman Jeffrey Smith, and Incoming Board Member and Brand Ambassador Shaquille O'Neal on CNBC's "Squawk on the Street" (M-F 9AM – 11AM) today, Friday, March 22. SARA EISEN: Welcome back to "Squawk on the Street." Papa John's Pizza announcing this morning that NBA Hall of Famer and Restaurant Investor Shaquille O'Neal will be joining Papa John's board.
The four-time NBA champion will be joining Papa John’s as a member of the company’s board of directors, as well as an investor in nine Papa John’s restaurants in Atlanta. He also inked a deal to be an ambassador for the company's brand.
The move highlights the restaurant chain's attempts to fix its image after its founder, John Schnatter, reportedly used a racial slur on a media training conference call last year. Schnatter stepped down as chairman of the Papa John's board last summer but still holds approximately 30 percent of the company's shares and has been feuding with the chain over control. O'Neal, a popular product pitchman who was one of the National Basketball Association's best players in his prime, will invest in nine of the company's restaurants in the Atlanta area, where he lives.
Shaquille O’Neal, the hall of fame NBA center, is joining the board of the struggling pizza chain and investing in nine restaurants in the Atlanta area, according to a statement on Friday. The former NBA star has also entered into a marketing agreement with the company and has agreed to pitch the brand. Papa John’s will own about 70 percent of the Atlanta joint venture, with O’Neal holding the rest.
Check out the companies making headlines midday Friday:Tiffany TIF — Shares of Tiffany rose 3.2 percent after the jewelry retailer reported mixed fourth-quarter results . The retailer reported earnings of $1.
The Papa John's news that Shaquille O'Neal is joining its Board of Directors has PZZA stock up on Friday.Source: Shutterstock According to Papa John's (NASDAQ:PZZA), Shaquille O'Neal will be doing more for the pizza company that just sitting on its Board of Directors. The company notes that the NBA legend will also become a brand ambassador for it. This will have him taking part in the company's marketing campaigns.It's also worth pointing out that the Papa John's news also includes other details about Shaquille O'Neal's role at the company. This includes him becoming an investors for nine of the chain's restaurants that are in the Atlanta, Ga., area.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"In addition to his business acumen, Shaquille understands how to build lasting connections with consumers and energize employees," Steve Ritchie, President and CEO of Papa John's, said in a statement. "I look forward to working with him as a board member and brand partner to advance the many initiatives we are pursuing across the organization to create even greater success for Papa John's and our stakeholders." * 7 Beaten-Up Stocks to Buy as They Reverse Course Shaquille O'Neal's addition to the Board of Directors may seem strange to some, but he has a strong background in the restaurant industry. This includes owning a Krispy Kreme Doughnuts franchise. He is also the founder of the Big Chicken fast casual restaurant and creator of Shaquille's in L.A. Shaquille O'Neal also previously owned 27 Five Guys Burgers and Fries franchises.PZZA stock was up 3% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Papa John's News: PZZA Stock Heats Up on New Board Member Shaquille O'Neal appeared first on InvestorPlace.
Papa John’s International, Inc. (NASDAQ: PZZA) needs to rebound from controversy. The company, beset by several controversies over the last several months is adding former NBA center Shaquille O’Neal to its board, making him the company’s first African-American director as it tries to move past its troubles. O’Neal, who has ownership stakes in several other restaurants, acknowledged in an interview on CNBC Friday he was hoping to help smooth things out with customers and franchisees after the brand’s troubles.
Papa John’s has announced NBA Hall of Famer Shaquille O’Neal as the newest member of its board, as the struggling pizza chain continues to throw everything but the kitchen sink at its public image problem to rebound sales. Over the last month, Papa John’s has expanded delivery with DoorDash to 1,400 locations, altered its digital […]
Papa John’s has seen four straight quarters of downward 2019 earnings, earnings per share, and same-store sales revisions.
Papa John's International Inc. announced a new addition to its board: Shaquille O'Neal. The former NBA superstar will also be an investor in nine Papa John's locations around Atlanta and, in a marketing agreement, will be an ambassador to the brand. O'Neal is the founder and owner of Big Chicken, a fast-casual restaurant in Las Vegas, a fine dining restaurant in Los Angeles, and nine Krispy Kreme locations in Atlanta. Earlier this month, John Schnatter, Papa John's founder, stepped down from the board earlier this month following a period in which he stepped down as chief executive after using the N-word on a conference call and resigned as chairman. Papa John's shares have rallied 17.8% in 2019 while the S&P 500 index is up nearly 14% for the period.
He's also an investor in nine Papa John’s restaurants in the Atlanta area and will be an ambassador for the company's brand.
Papa John’s International, Inc. (PZZA) today announced that NBA Hall of Famer and restaurateur Shaquille O’Neal will be joining Papa John’s as a member of the Company’s Board of Directors and as an investor in nine Papa John’s restaurants in the Atlanta, Georgia area. In addition, Mr. O’Neal will enter into a marketing agreement to be an ambassador for the Papa John’s brand.
Retired NBA superstar Shaquille O'Neal is Papa John's newest board member after the company settled lawsuits with founder John Schnatter.
Investing.com - Shares of pizza company Papa John’s rose Friday after the company snagged Shaquille O’Neal as its next ambassador in the hope of increasing sales.
Stocks like Domino's Pizza (NYSE:DPZ) don't go on sale very often. But to some investors, "on sale" might be an exaggeration.Source: Shutterstock Domino's Pizza stock, even after its recent selloff, is hardly cheap. Indeed, DPZ stock still trades at over 22 tines analysts' consensus earnings per share estimate. * 10 Stocks on the Rise Heading Into the Second Quarter That's a huge multiple for a relatively mature company. And given that DPZ stock has tanked lately in part due to its big Q4 earnings miss last month, it's a multiple that might not seem all that attractive.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut DPZ has plenty of room to grow into that multiple. Between the company's same-store-sales growth and the new stores it will open, its revenue should continue to increase nicely for years to come. Given its franchise model and the leverage on its balance sheet, its higher revenues will have an amplified effect on its earnings.DPZ is still facing risks. But those risks seem manageable, as Domino's is well-positioned to handle any challenges ahead. DPZ stock isn't cheap, but stocks like this shouldn't be, and they very rarely are. The Case for DPZ StockDPZ simply has come to dominate the pizza business. Yum! Brands' (NYSE:YUM) Pizza Hut's growth has stalled out in recent years. Papa John's (NASDAQ:PZZA) sales are collapsing. Yet Domino's keeps growing at impressive rates.Indeed, during the company's "disappointing" Q4, its U.S. same-store sales rose 5.6% year-over-year. Meanwhile, Pizza Hut's comparable-store sales were unchanged. Papa John's comps fell 8%. McDonald's (NYSE:MCD) same-store sales rose 2.3% in Q4, and most investors thought its results were good.No major chain's same-store sales are increasing as rapidly as those of DPZ. No major chain, in fact, is coming close. That trend should continue, and Domino's can benefit from opening new stores, as well.It's adding stores to U.S. metro areas. That's been a successful strategy despite fears that new stores might "cannibalize" existing stores. The company's overseas business continues to grow, in terms of both comparable stores and new opportunities.DPZ still expects its annual retail sales to rise 8%-12% over the next few years, with its global comparable sales increasing 3%-6% and its net store count rising 6%-8% annually. On the other hand, 8%-12% growth might not sound like much, since DPZ stock has a trailing-twelve month P/E ratio of 29.But because of DPZ's franchise model, 8%-12% revenue growth results in earnings and cash-flow growth that's much higher than that. Store-level costs are borne by franchisees, enabling DPZ's operating margins to rise faster than its revenue. And the leverage on Domino's balance sheet further boosts its net margins. For 2020, for instance, analysts' consensus estimate calls for a 9.8% increase in sales and an 18% increase in EPS. The Risks and Rewards of DPZ StockThe company's 8%-12% revenue-growth guidance, then, suggests that its earnings easily could increase 100% or more over the next four or five years. Even assuming that the P/E ratio of DPZ stock drops in several years as DPZ matures, investors will still have an easy path to double-digit annual returns, including dividends. Any outperformance - or a continued willingness by investors to pay up for DPZ stock - sets up a path for DPZ to reach $500 and beyond.But there are risks facing DPZ stock. The most obvious one is the potential for recession in the U.S. or in key international markets. Domino's struggled during the financial crisis: its same-store sales declined 4.9% in 2008. But it clearly has a better business ten years later, and its emphasis on low price points could mitigate the macro pressures on it, particularly domestically.There are two smaller concerns. The first is that on the whole there's much more competition in the pizza industry than ever before. The rise of online ordering services like GrubHub (NYSE:GRUB) and DoorDash has allowed thousands of restaurants to offer delivery services, breaking pizza's traditional dominance of that space. In turn, other chains now offer delivery, including casual dining giants like Brinker International (NYSE:EAT) and Dine Brands Global (NYSE:DIN).But as that trend has accelerated lately, Domino's sales don't appear to have suffered. The company's comp-sales growth has decelerated from 12% in 2015 to 6% in 2018. That's not necessarily a surprise, however, given the tougher competition. But 6% still is more than enough growth to leverage expense growth and expand margins. And it hardly suggests that the company's business model is facing an existential threat. The Best FranchiserThe final risk is one facing the entire industry. Companies like McDonald's and Burger King owner Restaurant Brands International (NYSE:QSR) have benefited from franchising more restaurants. That's benefited MCD stock, in particular, as rising labor and food costs become the problem of the franchisees , not that of the corporate parent.But as James Brumley pointed out last year, at some point franchisees won't be able to handle that pressure any more. Carrols Restaurant Group (NASDAQ:TAST), the largest Burger King franchisee, shows the problem. Over the past three years, QSR stock is up 63%, but TAST has declined by almost 25% during the same period.Domino's franchisees, however, are doing quite well. The company pointed out in a recent investor presentation that its franchisees' average EBITDA per store has soared in the past decade, rising from $49 million in 2008 to over $137 million in 2018. Franchise-level profits have stopped increasing lately, but they're still positive, and franchisees' margins still look quite healthy.So, purely from a business standpoint, Domino's looks like far and away the best pick among restaurant stocks. It has more opportunities to open additional stores than its large peers. DPZ can still take plenty of market share from its corporate rivals (and independent pizzerias). Its franchisees are happy. Since Domino's is doing an awful lot right at the moment, the owners of Domino's stock have little to complain about.Given DPZ's growth potential, DPZ stock is worth paying up for. With Domino's Pizza stock now 15% cheaper than it was just a few weeks ago, the shares may be expensive, but they're still attractive.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Domino's Pizza Stock Looks Too Cheap appeared first on InvestorPlace.