PZZA - Papa John's International, Inc.
| Previous Close | 43.02 |
| Open | 43.00 |
| Bid | 43.34 x 800 |
| Ask | 43.40 x 1200 |
| Day's Range | 42.73 - 43.50 |
| 52 Week Range | 38.29 - 60.56 |
| Volume | 217,750 |
| Avg. Volume | 846,030 |
| Market Cap | 1.375B |
| Beta (3Y Monthly) | 0.59 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.62 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | 0.90 (2.03%) |
| Ex-Dividend Date | 2019-08-09 |
| 1y Target Est | 54.43 |
- InvestorPlace
Boeing Stock Has a Chance to Navigate the Turbulence
As a component of the recently beleaguered Dow Jones Industrial Average, investors are understandably hesitant about Boeing (NYSE:BA). During the midweek massacre, the Boeing stock price shed nearly 4%. That's a sizable chunk for a historically reliable blue-chip company.Source: Shutterstock Of course, BA stock lost its previously stellar reputation. After two high-profile fatal accidents involving the Boeing 737 Max 8 jetliner, the airplane manufacturer had to come clean. They admitted defects within their anti-stalling system known as Maneuvering Characteristics Augmentation System (MCAS).Eventually, the investigations into the MCAS software revealed horrendous oversight issues with the Federal Aviation Administration. As a result, government bodies throughout the world grounded the Max 8 until Boeing delivered a permanent resolution. Naturally, the Boeing stock price has encountered upside resistance throughout this year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet BA stock may also benefit in the longer run from the "forgotten money" dynamic. Imagine putting loose change in a jar. Over time, those savings can amount to serious dollars. And in a higher-level sense, that's what we have with BA. * 10 Stocks Under $5 to Buy for Fall Recently, Commerce Secretary Wilbur Ross said the U.S. economy will get a kickstart once governments lift the Max ban. By Ross' estimation, the grounding eliminated about 0.4% from the second-quarter GDP.And before you say this is political pandering, the Commerce Secretary does have a point. We're in the sixth month of the ban. Moreover, several airliners have eliminated flights involving the Max 8, stymieing travel during high-demand seasons. A return to flight will certainly drive up the Boeing stock price.Additionally, the plane manufacturer enjoys organic headwinds that could end up at least sustaining BA stock during this difficult time. Perpetually Relevant Boeing Stock a Safer Bet Than OthersAllow me to bring one clarifying caveat to the table: I'm not suggesting that BA stock is an easy buy. With macro-headwinds such as the U.S.-China trade war and the yield-curve inversion, even a stalwart like Boeing will face volatility.At the same time, the company has a very relevant business, with practically only one other competitor, Airbus (OTCMKTS:EADSY). As I argued in late June of this year, Boeing and Airbus are locked into a duopoly. Sure, other players are trying to break into this arena. However, it's going to take substantial time to break the two giants' deeply embedded foothold.It's no surprise, then, that revenue for Boeing stock is extremely consistent, quarter in and quarter out. In the most recent earnings report, management reported top-line sales of $15.75 billion. That was a 35% loss from the second-quarter 2018 results. And the markets hadn't witnessed a sales decline like that since the Great Recession.Otherwise, since Q1 2013, BA quarterly revenue averages over $23 billion. Once the forgotten money of the Max 8 returns to the runway, Boeing stock should resume its normal course; that is, a somewhat boring name bringing in consistently reliable sales and earnings.Another point to consider is that Airbus really can't impact BA stock. Let's use an extreme example for illustration purposes. One of the reasons I hated Papa John's (NASDAQ:PZZA) after their racial slur incident was transmutability: consumers can easily switch their favorite pizza brand.But an airplane supplier? Such orders take years to fulfill. From that standpoint alone, airliners are better off waiting out the Max 8 rather than disrupting their relationship with Boeing. Furthermore, Airbus knows this situation is temporary. They don't want to load up their inventory with expensive planes they can't move. Diverse Business May Lift BA StockFor most companies, weakening economic metrics represent only one thing: bad news. But for the Boeing stock price, there's a silver lining. * 15 Growth Stocks to Buy for the Long Haul Underlining the economic conflict in the U.S.-China trade war is a militaristic one. I'm not suggesting that the trade war will turn into a real war. Rather, we have many geopolitical adversaries that are seeking to advantage our tariffs tit-for-tat.Most notably, I'm talking about North Korea. The hermit nation has few allies, but China is one of them. While the trade war rages, North Korea hasn't been shy about flexing their muscle. Apparently, bullies don't respect anything but violence. Thus, the U.S. has an incentive to ramp up their war machinery to keep such belligerent sentiment in check. Logically, this helps BA stock longer term due to Boeing's defense arm.And while we're talking about adversaries, we should also mention Russia. Lately, the Russians have been ramping up Cold War tensions. Worryingly, they've also been encroaching closer toward U.S. territory. This is another incentive for our government to fortify our military capabilities, which ultimately supports Boeing stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Boeing Stock Has a Chance to Navigate the Turbulence appeared first on InvestorPlace.
- American City Business Journals
Papa John’s has a new creative agency that will handle major Shaq ad campaign
Papa John’s has named a new creative agency of record, which will be responsible for a major advertising campaign featuring former NBA star Shaquille O’Neal. The Louisville-based pizza chain appointed Camp + King as creative agency of record (AOR), according to a report by Adweek. Endeavor Global Marketing, Papa John’s most recent AOR, was hired last August after a scandal emerged involving the company’s founder and former CEO, John Schnatter.
- TipRanks
MKM Partners Initiates Buy Ratings on 3 Popular Restaurant Stocks
The restaurant industry typically has razor-thin profit margins, but one analyst sees plenty of return potential in three popular chains. MKM Partners’ Brett Levy (a 3-star analyst according to Tip Ranks) initiated Buy ratings on Outback Steakhouse parent Bloomin’ Brands, McDonald’s, and Papa John’s Pizza. All have interesting stories behind them, and each presents a different case for investors. Levy lays out a clear bull case for each stock. Bloomin’ Brands, Inc. (BLMN)Best known for its chain of Outback Steakhouse restaurants (whose signature ‘Bloomin’ Onion’ dish gives the parent company its name), Bloomin’ recently beat its Q2 earnings expectations by 2.8%, reporting EPS of 75 cents. It was the fourth quarter in a row that BLMN had reported an earnings beat, although Levy notes that the company’s annual sales have been steady in the range of $3.5 to $4.5 billion for the past several years, and says, “Posting in-line results or even modest beats versus a long-term growth profile won't be enough to impress investors.”Levy sees the company making the necessary changes, however, and positioning itself to improve those annual sales numbers. He writes, “Bloomin' Brands' top strategic priorities consists of improving sales through store remodels and relocation, enhanced menu through a focus on value, enhanced promotions, and superior in-store execution… At the same time the company is focusing on growing segments of the restaurant industry, including take-out growth, delivery expansion, and a new multi-branded loyalty program.”In line with his approval of BLMN management’s forward plans, Levy started coverage on this stock with a Buy rating and a $20 price target. BLMN currently sells for $16.78 and has a 30% upside based on the $21 average price target. The stock’s Moderate Buy consensus rating is derived from 6 buys, 1 hold, and 1 sell assigned in the past three months. It is worth noting here that even Bloomin’s lowest price target, $18, implies an upside of 7%; even those analysts hedging their bets on the restaurant chain believe it has potential for growth. McDonald’s Corporation (MCD)The early innovator in the fast food industry has long been a staple of the stock market. And while founder Ray Kroc was notoriously close-fisted, the company has a history of generously rewarding investors. The stock has shown consistent gains over the last three years, is up 23% year-to-date, and the dividend, while yielding a modest 2.11%, pays out a lucrative $4.64 annually due to the high share price. It’s no wonder that Mickey Ds would draw the attention of a stock analyst opening coverage of the restaurant sector.In his note on McDonald’s, Levy writes, “McDonald’s valuations continue to test new highs, but the company has continued to produce strong and consistent results, outpacing other highly franchised global concepts. We believe the combination of strong domestic and international sales growth is sustainable and when coupled with strong cash flow generation and consistent returns to shareholders, is supportive of a premium valuation...”McDonald’s is the strongest of the stocks in this article, with a Strong Buy from the analyst consensus, based on 17 buys and 5 holds given in the last three months. MCD shares are currently trading for $219, and have a 4.5% upside based on an average price target of $229. Levy’s price target, $250, suggests room for a substantially higher 13% upside. Papa John’s International, Inc. (PZZA)It’s no secret that Papa John’s Pizza has been hurting in the past year. From founder and now-former CEO John Schnatter’s mouthing-off problems, to basic issues like menu and product quality and franchisee relations, Papa John’s has faced a series of challenges that have impacted the bottom line. To underline the trouble, starting in Q3 of last year the company reported three quarterly losses in a row.That is starting to change with Q2, as PZZA has just reported its first quarterly profit in a year. The $8.4 million in net gains for the quarter was less than Q2 2018, but still a dramatic improvement from losses, and the 28 cent adjusted EPS was a welcome boon for investors. The company’s new CEO, Steve Ritchie, described Q2 as, “our third quarter of sequential improvement…” and said of the turnaround efforts, “I’m not going to say that we are out of the woods. But the franchisees do have confidence that we have a strong brand and new leaders.”Analyst Levy, in examining PZZA, noted three key points in the company’s strategy: “Greater value focus and new marketing initiatives [they have taken on Shaquille O’Neal as brand ambassador]; Fostering a better relationship with franchisees, including financial assistance; and, Bringing new operational and strategic talent, including the recent appointment of activist investor and Starboard Value CEO Jeff Smith as chairman.”He goes on to say, “Papa John's is implementing a return to basics, back to its ‘Better Ingredients, Better Pizza (BIBP)’ motto, but a turnaround is never easy... The case for buying Papa John's isn't made solely on easy comparisons from recent operating struggles. Rather, a new collaborative approach across the entire company and a willingness to bring new products and ideas could potentially result in a fundamentally led stock performance recovery.” PZZA gets a Buy rating from Levy, who quips that, in the pizza business, “it’s better to be early than late.” His price target of $55 indicates confidence in a 21% upside.Overall, Papa John’s has a Moderate Buy rating based on an even split – 3 buys and 3 holds given in the last three months. The stock sells for $45, and the average price target matches Levy’s at $55.Visit TipRanks’ Analysts’ Top Stocks page to find out what else is trending in today’s markets.
- Benzinga
MKM Bullish On Papa John's: 'Return To Basics'
Papa John's Intl', Inc. (NASDAQ: PZZA ) challenges continued in the second quarter but management's "greater sense of urgency" is an encouraging development, according to MKM. The Analyst MKM ...
- Thomson Reuters StreetEvents
Edited Transcript of PZZA earnings conference call or presentation 6-Aug-19 9:00pm GMT
Q2 2019 Papa John's International Inc Earnings Call
- Zacks
Papa John's (PZZA) Q2 Earnings & Revenues Surpass Estimates
Papa John's (PZZA) top line declines year over year in second-quarter 2019 due to dismal domestic company-owned restaurant sales.
- American City Business Journals
Papa John’s CEO: Solid second quarter, but there's still work left to do
Executives hope to accelerate the brand's growth in the second half of 2019 after year in crisis.
Motley FoolPapa John's International (PZZA) Q2 2019 Earnings Call Transcript
PZZA earnings call for the period ending June 30, 2019.
- Yahoo Finance
Papa John's CEO: Here comes $4 sides and a Shaquille O'Neal-inspired menu item
Yahoo Finance chats with Papa John's CEO Steve Ritchie fresh off of the company's second quarter earnings.
- Zacks
Papa John's (PZZA) Beats Q2 Earnings and Revenue Estimates
Papa John's (PZZA) delivered earnings and revenue surprises of 27.27% and 0.44%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
Papa John's Q2 Earnings: What to Look Out for
Papa John's (PZZA) will be reporting their Q2 earnings Tuesday after the closing bell.
- Yahoo Finance
Papa John's misses Q2 earnings expectations
Papa John's misses Q2 earnings expectations.
- Business Wire
Papa John’s Announces Second Quarter 2019 Results and Updates 2019 Outlook
Papa John’s International, Inc. today announced financial results for the three and six months ended June 30, 2019.
- Yahoo Finance
Disney, Papa John’s earnings — What to know in markets Tuesday
Media behemoth Disney and pizza chain Papa John’s are both scheduled to release quarterly results after the market close Tuesday.
- Market Realist
What to Expect for Papa John’s Second-Quarter Earnings
Papa John’s (PZZA) is set to report its second-quarter results after markets close tomorrow. Analysts expect its revenue and EPS to fall.
- Simply Wall St.
It Might Be Better To Avoid Papa John's International, Inc.'s (NASDAQ:PZZA) Upcoming 0.5% Dividend
Papa John's International, Inc. (NASDAQ:PZZA) stock is about to trade ex-dividend in 3 days time. This means that...
- Yahoo Finance
Earnings, trade war — What to know in the week ahead
This week investors will be focused on the last wave of big earnings reports, as well as new trade war developments.
- Yahoo Finance
LeBron James–backed pizza chain is America’s favorite: survey
Pizza may have originated in Italy, but ever since it entered the U.S. market, Americans can’t get enough. But which fast-food pizza joint is the best, according to Americans?
- Yahoo Finance
Restaurant Brands reports strong sales at Burger King, Popeyes
Restaurant Brands International posted better-than-expected sales at Burger King and Popeyes during the second quarter.
- American City Business Journals
CEO Survey: Steve Ritchie, Papa John's International
Steve Ritchie is president and CEO of Papa John's International Inc. In a recent survey with Business First, he shared some insights on his industry, the Louisville community and what keeps him up at night.
- Yahoo Finance
KFC parent Yum Brands Q2 beats expectations
KFC parent Yum Brands beat on both the top and bottom lines and posted better-than-expected sales across all brands.
- Business Wire
Papa John’s Announces Quarterly Dividend
Papa John’s International, Inc. today announced that the Board of Directors has declared a quarterly dividend of $0.225 per common share, payable August 23, 2019, to shareholders of record at the close of business on August 12, 2019.
- Business Wire
Papa John’s Schedules Second Quarter Earnings Webcast and Conference Call
Papa John's International, Inc. will release its second quarter 2019 financial results on Tuesday, August 6, 2019 at market close with a conference call to follow to discuss these results at 5:00 p.m.
- Zacks
Analysts Estimate Papa John's (PZZA) to Report a Decline in Earnings: What to Look Out for
Papa John's (PZZA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
