|Bid||0.00 x 2900|
|Ask||0.00 x 1800|
|Day's Range||59.19 - 60.53|
|52 Week Range||38.29 - 64.06|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2020 - Feb 28, 2020|
|Forward Dividend & Yield||0.90 (1.50%)|
|1y Target Est||67.00|
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]
The founder and ex-CEO of Papa John's International Inc. has responded to his wife's divorce filing. John Schnatter, who has been married to Annette (Cox) Schnatter since 1987, admits to all of the facts about the couple's marriage as detailed in the petition for a dissolution of marriage, according to an Oldham County family court filing. The document also states that he and Annette have reached a separation agreement.
Papa John's (PZZA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Papa John's founder is claiming breach of contract and loss of business opportunities related to the agency's actions and the aftermath of the call.
Jocelyn Mangan, co-founder and CEO of Him for Her and a Papa John's board member, spoke during a breakout session at Louisville's Women in Tech conference.
Papa John's International Inc. hasn't changed the recipe for its pizza or the way it's made, according to CEO Rob Lynch. During the interview, he was asked what he thought of Schnatter's comments on the flavor of the pizza. Mr. Schnatter is entitled to his opinion.
Technology experts from across the country will share their insight, wisdom and experience at the Louisville Women in Technology Conference on Wednesday at the Galt House Hotel.
Papa John's customers in the United Kingdom can treat themselves to a specialty pizza topped with a full Christmas dinner, Daily Mail reported. The "Festive Feast" pizza comes with a red wine gravy instead of traditional pizza sauce. Vegans will be happy to know they won't miss out as Papa John's offers a meat-free version.
Elon Musk Plays Another Round of Twitter Roulette Tesla (NASDAQ:TSLA) CEO Elon Musk has decided that he hasn’t had enough trouble with the SEC and Twitter regarding financial disclosures about his company, so he’s going for another round. Tweeting “250K” yesterday suggests that Tesla has had 250,000 preorders for its Cybertruck. A preorder costs $100 […]The post Market Morning: Musk Tweets 250K, Papa John Vents, Car Sales Fall, World Trade Contracts appeared first on Market Exclusive.
NBA Hall of Famer Shaquille O’Neal looks to combine his big personality and culinary prowess during a new food show launching in 2020, "In the Kitchen with Shaq". O’Neal is extending his roots here as the nationally-televised program will be filmed live from Atlanta. The weekly hour-long broadcast, which is slated to launch in March, will be hosted by the four-time NBA champion and will feature Shaq's own line of kitchen and cookware products.
John Schnatter thinks his former company’s pizza has gotten worse. The stock has gained about 29% since his departure.
The ex Papa John’s CEO says new ownership has ‘destroyed the company’ he founded, in a viral interview
Former CEO Steve Ritchie and former chair of the board Olivia Kirtley, along with other directors, "used the black community and race as a way to steal the company," Schnatter said. Papa John's CEO Rob Lynch has experience in the restaurant industry, as he came from Arby's. But Schnatter told WDRB Lynch not only has "no pizza experience," but he lacks a "passion for people" — and never held a CEO title before.
Luckin Coffee's stock has been on fire of late. Yahoo Finance speaks with Luckin Coffee CFO Reinout Schakel about the company's plans.
(Bloomberg) -- There aren’t many jobs in Davidson, North Carolina, that offer the flexibility and decent pay that Alfonso Auz was looking for. He tried a bunch of gigs, including driving for Uber, before eventually settling on DoorDash Inc. Auz, 47, usually makes at least $150 a day delivering food from restaurants in his hometown, without having to commute to the nearest job center, Charlotte, 40 minutes away. “I usually turn on the app while I’m still at home,” Auz said.Towns like Davidson are at the center of a strategy that secured DoorDash a firm position atop the U.S. food delivery market, said Tony Xu, DoorDash’s chief executive officer. The suburbs, he said, were underestimated by competitors, giving DoorDash the opportunity to forge nationwide exclusivity deals with the likes of the Cheesecake Factory and Chili’s. “While our competitors focus on the cities, we focused on the suburbs,” said Xu. “That’s how we were able to become the market leader.”The other part of the strategy, according to analysts, rival businesses and venture capitalists, involves a war chest of about $2 billion. That’s how much DoorDash has received from investors in the six years since the business was established, and almost two-thirds of it came in the last 18 months. SoftBank Group Corp., the Japanese conglomerate whose investments have reshaped Silicon Valley, took an interest in DoorDash last year and helped lift the valuation of the unprofitable company to $12.6 billion this past May. Other backers include Sequoia Capital and Singaporean government investment funds.Today, DoorDash is the prime example of SoftBank’s investing philosophy seeming to work as intended. Behind SoftBank’s $100 billion tech fund is the idea that an ample supply of money can propel a company to the top of a market. DoorDash accounts for 35% of online food delivery sales in the U.S., according to Edison Trends, a market research firm. DoorDash’s rise has come at the expense of the other major delivery apps from Uber Technologies Inc., Grubhub Inc. and Postmates Inc., which have all lost share in the last year. DoorDash is in 4,000 towns, compared with 500 cities for UberEats. “DoorDash came out of nowhere,” said Hetal Pandya, an analyst at Edison Trends.Critics say DoorDash followed the SoftBank model down a destructive path of growth at all costs and a backward business model that doesn’t account for profit. DoorDash may find itself unpalatable to public market investors, who have largely turned against big unprofitable stocks. The company has been eyeing an initial public offering next year. “We believe we have the right unit economics to enable us to build a sustainable and profitable business,” said a spokeswoman for DoorDash.DoorDash’s spending has impacted competitors. Grubhub shares fell 42% last week in their biggest one-day drop ever, after the company gave a dismal forecast and published an unusual, 10-page manifesto signed by the CEO and financial chief. In it, they throw shade at competitors, saying Grubhub is the only profitable food delivery business. A week later, Uber reported fewer-than-expected food delivery orders in an otherwise favorable quarter. The stock fell to an all-time low the next day.Fast food restaurants aren’t faring much better. Delivery apps charge restaurants fees, sometimes as much as 30% of sales, which cut into profit margins. That has pushed larger chains to negotiate lower fees in exchange for exclusive agreements, as Shake Shack Inc. did with Grubhub. However, going with the third-place app contributed to an underwhelming quarter and reduced sales targets for the burger chain, whose stock dipped 21% Tuesday. The old-fashioned way of hiring drivers isn’t a reliable option, either. The CEO of Papa John’s International Inc. said Wednesday that a shortage of drivers is forcing the pizza company to work with the app providers.Just a few years ago, DoorDash was struggling to find investors and agreed to cut its share price to raise capital. By late last year, annual sales had tripled. But questions remain about how sustainable the business is. Over the summer, a DoorDash investor prepared an informal presentation arguing the merits of a sale of the company to Uber, according to a copy of the document obtained by Bloomberg.Uber, which also counts SoftBank as its largest shareholder, is sitting on $12.7 billion in cash, and its CEO, Dara Khosrowshahi, told analysts on a conference call this week that the company is open to acquisitions in food delivery. However, Khosrowshahi has also committed to cut spending in service of turning a profit by 2021. Representatives for the companies declined to comment on the prospect of a merger. Mike Walsh, an early Uber investor, said DoorDash is probably too big for Uber to swallow.Instead, DoorDash made a purchase of its own. The company spent $410 million in August for Caviar, a food delivery app owned by Square Inc. “We have a lot of money in the bank,” said Xu, the DoorDash CEO. “We are in no rush to spend it all.”Geographic comprehensiveness comes at no small expense to DoorDash, but it’s what draws many restaurant operators to the app. About 80% of Chili’s locations are in the suburbs, and DoorDash is helping bring in customers who may not otherwise eat there, said Steve Provost, the chief concept officer for Chili’s parent company Brinker International Inc. “The idea of non-pizza delivery in the suburbs is a relatively new phenomenon,” he said.DoorDash’s sprawl throughout American suburbia hasn’t hurt its position in major cities, though. Holly Richards, a 29-year-old executive assistant in San Francisco, said she prefers DoorDash because of its competitive prices, wide selection and, most importantly, its generous refund policy. UberEats would only give her a 20% off coupon when she complained that her Indian dumplings arrived cold, Richards said: “DoorDash is the only company that has offered me a full refund for food that did not arrive in a timely matter.”\--With assistance from Leslie Patton and Lizette Chapman.To contact the author of this story: Candy Cheng in San Francisco at email@example.comTo contact the editor responsible for this story: Mark Milian at firstname.lastname@example.org, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
This article first appeared on SumZero, the world’s largest research community of buyside investment professionals. Papa John’s (PZZA) is North America’s third largest pizza delivery chain, behind Domino’s and Pizza Hut (Pizza Hut has a substantial eat-in business as well). Units were growing at 2% a year prior to the NFL controversy (see below), and have recently been shrinking at 2%/year.
MKM analyst Brett Levy downgraded Papa John's from Buy to Neutral with a price target lowered from $60 to $55. Papa John's earnings is highlighted by the company's first positive domestic same-store sales performance in two years which signals a potential turnaround could be seen, Levy said.
Papa John's International's (PZZA) top line in third-quarter 2019 gains from positive comparable sales in North America for the first time in two years.
CEO Kevin Plank might be exiled like Papa John’s founder John Schnatter. The company should follow the lead of Papa John’s, whose shares are surging.
Papa John’s has hit a milestone in its brand turnaround: For the first time in two years, the company had positive comparable sales growth. “We are beginning to turn the corner on last year’s challenges.” Lynch, who came to Papa John's from Arby's about two months ago, said his top priority has been meeting with and learning from shareholders and franchisees. “Our franchisees are more positive than I would have expected them to be given the challenges that they have faced over the last few years,” Lynch said.
In a new interview, former Papa John’s CEO John Schnatter accused Papa John's of changing the recipe to its famous pizza. The ousted CEO.
Papa John's founder John Schnatter is speaking out against his former peers, claiming the board conspired to oust him from the company. On another note, Schnatter also says he's tasted 40 Papa John's pizzas over the last 30 days.