41.00 -0.07 (-0.17%)
After hours: 5:42PM EST
|Bid||41.00 x 1000|
|Ask||41.59 x 800|
|Day's Range||40.90 - 43.63|
|52 Week Range||38.05 - 64.18|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||31.04|
|Earnings Date||Feb 26, 2019|
|Forward Dividend & Yield||0.90 (2.07%)|
|1y Target Est||52.40|
Domino's Pizza shares declined after same-store sales fell below consensus forecasts, but some analysts remain bullish over the long term.
An analyst said this week that even with the recent $200 million investment, the pizza giant is struggling to match competitors' value prices — a problem that will continue to fall back on franchisees.
Papa John's International, Inc. will release its fourth quarter and full year 2018 financial results on Tuesday, February 26, 2019 at market close with a conference call to follow to discuss these results and the 2019 outlook at 5:00 p.m.
The trade war truce between the U.S. and China expires on March 1. If relations improve after that date or tariffs are eliminated for certain sectors, U.S. semiconductor companies could certainly benefit. "A trade agreement between the U.S. and China would focus on purchases of specific products, such as soybeans and semiconductors, rather than a broad basket," wrote a team of Goldman Sachs strategists in a note out Tuesday.
Analysts from Stifel are no longer ordering from Papa John's International Inc. Lower prices industry wide will prolong the road to Papa John's recovery, according to analyst Chris O'Cull. O'Cull also lowered his price target on the stock to $35, which represents a 23% downside from the stock's Friday closing price of $45.26.
Shares of Papa John's International Inc. sank 2.8% in premarket trade Tuesday, after a Stifel Nicolaus downgrade back to a rare sell rating, citing valuation and concerns that the pizza seller's recovery will take longer than expected. Analyst Chris O'Cull cut his rating to sell, after upgrading to hold from sell six months ago. O'Cull lowered his stock price target to $35, which is 23% below Friday's closing price of $45.26, from $38. Only 2% of the companies covered by Stifel are rated sell. "As evidenced by the January promotional performance, the company is struggling to increase transactions without hurting franchisees' already low profitability," O'Cull wrote in a note to clients. He said that while the stock has run up 18% since the company said it received a $200 million investment from Starboard Value LP, the investment firm has not provided details of how it may create shareholder value, while entering into an investment agreement that is projected to be dilutive to shareholders. The company has struggled since the troubles surrounding its founder John Schnatter, which was made worse in November after a report that Trian Fund Management was no longer pursuing a buyout bid. The stock has tumbled 21.2% over the past three months while the S&P 500 has gained 3.25.
Papa John's investors will be disappointed as the company struggles to balance declining transactions and slumping profitability.
Investing.com - Shares of Papa John’s fell midday following an analyst downgrade on concerns the pizza chain is ill-equipped to face a current price war.
Papa John's International Inc founder John Schnatter welcomes hedge fund Starboard Value LP's investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company. Papa John's this month unveiled Starboard's investment of up to $250 million and named the fund's chief executive, Jeff Smith, as its chairman. Schnatter, who according to Refinitiv data owns about 30 percent of the company he founded in his father's bar, served as chairman until last summer.
What to Expect from Domino’s Pizza’s Q4 Earnings(Continued from Prior Part)Analysts’ recommendations Among the 22 analysts that cover Domino’s Pizza (DPZ), 63.6% recommended a “buy,” while 36.4% recommended a “hold.” None of the
Papa John's (NASDAQ:PZZA) announced that the company will be offering free college tuition for all of its employees moving forward.The pizza chain said that all 20,000 of its workers will have access to the company's new offer, which would take care of 100% of their college tuition costs. There is a caveat to this move however as the move only applies for online degree programs, although the company will cover tuition for both undergraduate and graduate students.Private equity firm Starboard Value LP recently announced that it would be investing $200 million in the pizza chain. The move comes after founder John Schnatter resigned from his role as chairman in July of 2018 following an incident in which he used the N-word during a conference call.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHe was also no longer the Papa John's main spokesman following the move. The chain has been struggling to recover from this incident, as well as by the fact that the NFL is one of its sponsors-another controversial move at a time where many are boycotting the league at a contentious time in which players have been kneeling during the national anthem of games to protest police brutality.Papa John's has roughly 5,200 restaurants around the world, with about 700 of these being company-owned U.S. locations and about 2,700 being franchises in North America.PZZA stock is up about 4% on Friday following the news. More From InvestorPlace * 10 Hot Stocks Leading the Market's Blitz Higher * 9 U.S. Stocks That Are Coming to Life Again * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Compare Brokers The post Papa John's Free Tuition for Employees Program Announced appeared first on InvestorPlace.
What to Expect from Domino’s Pizza’s Q4 Earnings(Continued from Prior Part)Fourth-quarter expectationsAnalysts expect Domino’s Pizza (DPZ) to post an adjusted EPS of $2.69 in the fourth quarter—38.8% growth from $1.94 in the fourth quarter