|Bid||46.72 x 800|
|Ask||46.73 x 1300|
|Day's Range||46.42 - 47.86|
|52 Week Range||38.05 - 60.56|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||0.90 (1.76%)|
|1y Target Est||57.17|
Papa John's founder John Schnatter has been selling his shares in the pizza chain. Schnatter has not had a formal role with the company since April when his term on the board expired. Papa John's PZZA founder John Schnatter has been selling his shares in the company but remains its largest shareholder.
Competition in the fast food space is hot, and in order to stay relevant in the space, companies need to beef up their technology and delivery initiatives, according to Wells Fargo.
Dying in an airliner crash has got to be one of the worst ways to go. Sadly, my mind travels into the realm of the macabre when I think about Boeing (NYSE:BA). Two high-profile crashes involving a malfunctioning system designed, ironically, to protect against accidents delivered a PR nightmare to the company. It also cast a dark cloud on Boeing stock.Source: WikimediaIn the aftermath of the first crash involving Lion Air Flight 610, enough questions existed to confuse ultimate liability. Did the airplane manufacturer screw up with their critical software components? Or did Lion Air's crew inappropriately tamper with the doomed flight's sensors and associated hardware?The ambiguity provided speculators enough reason to spike up the Boeing stock price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut when Ethiopian Airlines Flight 302 also went down in similar circumstances to Flight 610, the party was over. When Boeing presented software updates to the now maligned and grounded 737 Max 8 jet, management essentially admitted responsibility. But Congressional hearings also revealed shocking levels of incompetence and greed within federal oversight agencies, and news came out later that the crash may have been linked to a bird strike. Nevertheless, BA stock crumbled on these bearish developments.Perhaps the most common idea here is to avoid the plane manufacturer altogether. However, bad news typically winds itself down, especially for otherwise fundamentally solid companies. Notably, the Boeing stock price has moved up significantly on hopes that the 737 Max will resume normal operations. * 6 Chinese Stocks That Could Pop On a Trade Deal Global air-transportation regulators are meeting in Texas to discuss this issue. Naturally, contrarians are surrounding BA stock, eyeballing a potential move higher. I'm not sure if this latest tidbit is enough to make the case for the embattled organization. However, these three points are: Boeing Stock Price Benefits from a DuopolyPossibly the biggest reason not to abandon BA stock permanently is that the underlying company enjoys a duopoly. When it comes to large jetliner manufacturers, only two names exist: Boeing and Airbus (OTCMKTS:EADSY). That duopoly will almost surely stay in place unless a catastrophic incident occurs.Some might argue that the two 737 Max 8 crashes constitute such a catastrophe. Logically then, Airbus has an opportunity to steal core market share from Boeing. With persistence, the aforementioned duopoly can turn into a monopoly exclusively benefitting Airbus.Practically speaking, that will never happen. Although Lion Air threatened to cancel its remaining Boeing orders and essentially make the switch to Airbus, other airliners won't follow suit. Why? Because as our own James Brumley explained last year on an unrelated topic, plane manufacturers can't just add capacity.It takes many years to plan such accretive measures to airplane manufacturing. By that time, the PR crisis will have faded. Thus, Boeing stock avoids a bullet simply because of its industry's size and complexity. Boeing Is Too Big To FailIt's an argument that drives sound-money economists absolutely crazy. Nevertheless, it perfectly applies to BA stock, especially in this situation: Boeing is too big to fail.The company is the second-biggest lobbyist in the U.S. in terms of political spending. Granted, that was part of the problem when the Federal Aviation Administration turned a blind eye on the 737's defects. But on the flipside, it helps ensure that our government will do everything possible to give BA a leg up.Because of this cozy relationship, Boeing receives federal contracts even if Airbus provides the better deal. Let's also not forget that BA is a significant defense play. When presidents, service members and executives depend daily on your product, you're unlikely to collapse, even under extreme pressure. Barrier to Entry Protects BA StockWhen Papa John's (NASDAQ:PZZA) founder John Schnatter uttered an awful slur last year, the ensuing controversy wrecked the company's equity. Unfortunately for those charged with bringing Papa John's back to a positive light, pizza making is a low-cost industry.If I had to sink my life savings into either PZZA or BA stock, I'd pick the latter without hesitation. At the end of the day, airline manufacturing is a prohibitively expensive operation. Moreover, it requires decades of aeronautical experience to build trust with client corporations.Here's the thing: Boeing definitely suffers the worst optics in my comparison. Papa John's ousted founder offended people. Boeing indirectly killed people. Yet it's incredibly easy for customers to switch pizza preferences. Switching aircraft suppliers is an entirely different ballgame.Admittedly, the idea of investing in Boeing stock can hurt your moral sensibilities. It's akin to giving tax breaks exclusively to rich people. But if you strip away the emotions, the bullish argument narrowly outweighs the countering view.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 3 Reasons to Gamble on Boeing Stock appeared first on InvestorPlace.
While minimum wage increases are good news for the average American worker, it’s not always good news for restaurants. And one fast-food chain is even more impacted than the rest, Jack in the Box.
Papa John’s International, Inc. (PZZA) today announced a Day of Service in partnership with Boys & Girls Clubs of America and The Papa John’s Foundation. This community service initiative is part of the company’s commitment to making a meaningful difference in the communities in which Papa John’s franchisees, employees, and customers live and work.
Papa John's (PZZA) focus on strong brand building and international expansion, coupled with technology-driven initiatives, are likely to boost performance while declining comps remain a concern.
(PZZA) founder John Schnatter is no longer an executive at the pizza chain, and last week he began to sell millions of dollars of the company’s stock that he owns. Schnatter filed a form with the Securities and Exchange Commission on May 6 that said he “has solicited the advice of financial advisors regarding a possible disposition of all or some of his Common Stock in the Issuer.” As of April 30, he owned a 31% stake in Papa John’s (ticker: PZZA), a total of 9.97 million shares. Schnatter disclosed in SEC filings last week that he sold 314,144 Papa John’s shares from May 10 through 15 for a total of $16.2 million, or $51.43 each on average.
John Schnatter unloaded even more of his Papa John’s International Inc. shares this week. According to a Thursday Securities and Exchange Commission filing, the founder and former CEO of the Louisville-based international pizza chain sold 199,483 shares at nearly $51 per share, for $10.1 million, in a span of two days. The latest sale comes after Tuesday’s SEC filing, which indicated Schnatter had sold 114,061 shares for more than $6 million a week after announcing his intent to sell his stake in the Louisville-based company.
Papa John's International Inc. founder and former CEO John Schnatter has sold more than $6 million in shares of the Louisville-based pizza giant. Schnatter's sale of 114,061 shares of common stock was noted in a Securities and Exchange Commission filing Tuesday. This comes a week after a separate SEC filing indicated that Schatter, 57, intends to sell his stake in the company.
Our call of the day, from the head of global banking giant JPMorgan Chase, Jamie Dimon says a trade deal has an 80% chance of getting done, and pinpoints why stock markets have been so upset.
Papa John's International Inc. says the average check pressure stemming from changes to its loyalty program is subsiding and same-restaurant sales are rebounding. "In the short-term, as we have discussed in the past, the transition to the new loyalty program has caused some softness on ticket, driven primarily by richer customer offerings, new program trials, and consumers cashing out legacy rewards," said Steve Ritchie, Papa John's chief executive, on the earnings call according to a FactSet transcript. "We are optimistic that after the initial shake out, the new Papa Rewards program will continue to grow and become a key contributor to Papa John's performance and customer value proposition." Papa John's reported first-quarter earnings and revenue that beat expectations late Tuesday, as the company continues its turnaround effort after a period of controversy involving the company's founder John Schnatter. Shares jumped 4.7% in early Wednesday trading. "We remain on the sidelines with shares as we believe traffic remains pressured (negative mid-single digits) with few signs of improvement and uncertainly how quickly a recovery will materialize," wore BTIG analysts led by Peter Saleh. "While encouraged by the progress on greater value, we are concerned about the near-term investment required to drive sustainable traffic growth." BTIG rates Papa John's shares neutral. Papa John's stock has gained 29.1% for the year to date while the S&P 500 index is up 15.1% for the period.
My greatest reason for optimism about Papa John’s arrived in February, when Starboard Value LP made a $200 million investment in the pizza chain.(1)As I noted at the time, Starboard is behind arguably the best turnaround story in the entire restaurant business over the last five years: Olive Garden. Papa John’s should benefit from Starboard’s strategic guidance. The chain was hurting even before those issues emerged, so Papa John’s also needs to do a better job at restaurant basics.
Papa John's (PZZA) top line declines year-over-year in first-quarter 2019due to dismal domestic company-owned restaurant sales, lower North America commissary sales and soft international sales.
Papa John's reported a net loss of $1.73 million. On a diluted basis, that net loss breaks down to $0.12 per diluted share vs. a profit of $0.52 a share in 2018. When looking at these earnings, it does need to be taken into consideration that the company experienced one-time items.
Papa John’s Beat Analysts’ Top and Bottom-Line Estimates(Continued from Prior Part)Stock performancePapa John’s (PZZA) outperformed analysts’ revenue and EPS estimates in the first quarter. The company’s same-store sales in North America
Papa John’s Beat Analysts’ Top and Bottom-Line EstimatesFirst-quarter performancePapa John’s (PZZA) reported its first-quarter results on May 7 after the market closed. The company posted an adjusted EPS of $0.31 on revenues of $398.4 million.
The period included $13.5 million in after-tax special charges, related largely to legal costs involving former CEO John Schnatter. Papa John's said system-wide North America comparable-store sales decreased 6.9% in the quarter. "The first quarter was a time of promise for Papa John's. We made further progress in transforming the culture, thinking and momentum within the company," said President and CEO Steve Ritchie in a statement.
Much like Tuesday's action, Wednesday saw a rough start for stocks. Unlike Tuesday though, the market wasn't able to make anywhere near the kind of recovery it made the day before. Yesterday, the S&P 500 fell 1.65%, putting the beginning of a bigger pullback on the radar.Source: Allan Ajifo via Wikimedia (Modified)Mylan (NASDAQ:MYL) led the charge, falling nearly 24% after falling short of its first-quarter revenue estimates and then serving up an outlook that failed to assure shareholders. Papa John's International (NASDAQ:PZZA) fell nearly 4% headed into its post-close earnings report, though a first-quarter beat drove the stock back to where it was in after-hours action on Tuesday evening.Although few and far between, there were some winners. The most noteworthy of them was the 9.2% advance from NCR Corporation (NYSE:NCR) in front of an earnings report that also revealed a buyer was interested in acquiring the company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Great Stocks to Buy on Dips None are great prospects headed into the midpoint of the week, however. Rather, the stocks charts of F5 Networks (NASDAQ:FFIV), salesforce.com (NYSE:CRM) and DISH Network (NASDAQ:DISH) are of the most interest. Here's why. DISH Network (DISH)When we last looked at DISH Network back on April 11, it had just broken above a minor resistance line as part of a bigger-picture turnaround. While far from complete, it was another good step toward a huge recoupment of 2017's and 2018's meltdown.DISH stock hasn't actually made any net progress since then. But, the backdrop has continued to improve, setting the stage for a breakout move that's well within sight. Click to Enlarge * The big technical hurdle cleared a little less than a month ago is the resistance line at $33.70, plotted in red, where DISH Network shares peaked in November and again in February before punching through in April. * The bigger technical ceiling is still around $36.90, plotted with a yellow line on both stock charts. That's where DISH topped before the Q4 meltdown. * The key change in the meantime is the purple 50-day moving average line's cross above the white 200-day moving average line (highlighted). This technical event suggests the beginning of at least an intermediate-term rebound move. F5 Networks (FFIV)F5 Networks shares have been trending lower, albeit erratically, since peaking in September. That's a stark difference with other names as of January. Nevertheless, the bulls have at least drawn a line in the sand, preventing matters from going from bad to worse.That effort is weakening though, with yet another test of a key support level now underway. In the shadow of a lower high and a handful of other red flags, current owners should be concerned, and potential short-sellers may want to keep close tabs on the chart. * 10 Lithium Stocks to Buy Despite the Market's Irrationality Click to Enlarge * The make-or-break line is around $149.60, plotted in white on both stock charts. That level has kept the stock propped up since December. * All four key moving averages are now sloped downward, making clear that the momentum is bearish in multiple timeframes. That's a key characteristic of trends pointed in either direction. * Should the floor near $149.60 and fail to hold FFIV stock up, the next most likely downside target is around $114.80, plotted in yellow on the weekly stock chart. Salesforce (CRM)Through the latter part of 2018, Salesforce remained a story stock, driven by hope more than fundamentals. The fourth-quarter drubbing, however, appears to be something of a wakeup call. CRM stock bounced back in January and February, but the effort stalled out in a big way beginning in March.So far, it's nothing more than a pause that's well framed by recently developed support and resistance lines (plotted in white on both stock charts). Given the fact that the story stock aspect has shown new vulnerability and a trading range has formed, a break below the lower edge of that range could be the beginning of a paradigm shift … for the worst. Click to Enlarge * The lower edge of the near-term trading range currently stands at $154.80, tagging all the key lows made since March. * If the lower boundary of the trading range fails to hold the stock up, the white 200-day moving average line could still serve as support. If it fails too though, CRM may not bounce back for a second time like it did four months ago. * Zooming out to the weekly chart we also see a fresh bearish MACD convergence and a Chaikin line that's on the verge of falling below zero. Both, when seen at the same time, have historically signaled major selloffs for this particular stock.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down Compare Brokers The post 3 Big Stock Charts for Wednesday: Salesforce.com, DISH Network and F5 Networks appeared first on InvestorPlace.
In honor of ‘National Pizza Day’, Yahoo Finance’s Myles Udland, Kristin Myers, and Sibile Marcellus review what’s happening in the pizza market with Papa John’s and Domino’s.