|Bid||0.00 x 1200|
|Ask||81.53 x 800|
|Day's Range||76.05 - 78.01|
|52 Week Range||28.55 - 102.25|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||202.51|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||0.90 (1.16%)|
|Ex-Dividend Date||Aug 10, 2020|
|1y Target Est||105.63|
Papa John's International, Inc's (NASDAQ: PZZA) founder and former CEO Papa John Schnatter is bearish on the company he founded and thinks it is overvalued at 56 times earnings.What Happened: Schnatter has given the reasons for his bearish view in a Seeking Alpha article, which was in response to another bearish article.Schnatter writes that Papa John's had a revenue problem since 2018 and is showing few signs to pull itself out of the doldrums.He cites a lack of execution and subpar product quality in the last two years as some of the reasons for his view.He wrote that the company was struggling to correct its sales slide in the first quarter of 2020, with three-year cumulative comps declining 7.2%.Schnatter calls the recent surge in sales a result of nationwide lockdowns and restrictions that gave a boost to pizza delivery, which gives a false performance about the company in the short term.Schnatter wrote that the recent gains would "likely fall just as the virus likely will."As other dining options open, the expectations of a "45% increase in 2021 earnings seems like a stretch."Schnatter wrote that the stock's earnings PE of 56 is unjustified, and the stock trading at 35 times analyst-projected 2021 earnings seems delusional.In a manner, the founder of Papa John's is downgrading the stock, calling it overvalued.Many analysts on Wall Street are bullish on the company, with the most recent price target being $110 by Loop Capital.Price Action: PZZA shares are up 22.5% year-to-date and closed at $77.37 on Tuesday.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * How Are European Markets Doing Today? * Bloomberg Denies Report Of Minority Stake Sale Talks With Bill Ackman's SPAC(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The fans asked, and now Papa John’s is delivering, by bringing back the brand’s cult-favorite Double Cheeseburger Pizza for just $12. But Papa John’s isn’t stopping there. They’re turning the popular Double Cheeseburger Pizza, originally launched in 2015, into a Papadia for $6. To satisfy their biggest fans’ cravings, Papa John’s is treating their Papa Rewards members to a coveted sneak peek starting today at select locations.
It's time to get a stimulus deal done, says the former long-time CEO of Dunkin' Donuts.