|Bid||43.67 x 1000|
|Ask||58.05 x 1000|
|Day's Range||55.09 - 56.36|
|52 Week Range||38.05 - 69.45|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||24.33|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||0.90 (1.63%)|
|1y Target Est||59.33|
An association of the pizza chain's store owners has hired a top lawyer in its quest to push the company to make more of an effort to stop the slide initiated by ex-CEO John Schnatter.
NEW YORK, Nov. 09, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Weak operating results and decelerating top-line growth aid Papa John's (PZZA) to witness dismal earnings in the third quarter of 2018.
A feud with founder John Schnatter that started in July has thrown Papa John's into turmoil. Investors are questioning if Papa John's can really initiate a turnaround or if an acquisition is the best route to recoup losses. Papa John's PZZA lackluster performance during the third quarter was expected, but a smaller decline in same-store sales and renewed excitement about a possible sale sent shares up nearly 6 percent Wednesday.
Papa John's International Inc. is in need of a buyer, say Stifel analysts led by Chris O'Cull. The pizza delivery company, which has been battling its founder John Schnatter for months, reported a loss of 41 cents per share, after profits of 60 cents per share last year, and adjusted EPS of 20 cents. Sales of $364.0 million were down from $431.7 million last year. Both results missed the FactSet consensus for EPS of 22 cents and sales of $391.0 million. North American same-store sales fell 9.8%, ahead of the 10.6% decline FactSet expected. Shares have increased 37.6% over the last three months, a rise that Stifel attributes to investor expectations that the company will be acquired. There has been speculation abouta buyout, but the company didn't comment on the issue during the late Tuesday earnings call. "[G]iven the deteriorating fundamentals, investors need the company to find a buyer soon, in our opinion," Stifel wrote. "[W]e believe the lackluster fundamental performance has moved the company's board to pursue strategic alternatives, including sales of the company." Stifel maintains its hold stock rating because of the buyout potential. Stifel's price target is $48. BTIG also maintains its neutral rating. "We believe much work still needs to be done to regain consumer trust, support franchise economics and stave off elevated unit closures," analysts wrote. "We expect these efforts to weigh on profitability and cash flows." Papa John's shares are up 5.6% in Wednesday trading, but down 2% for the past year. The S&P 500 index is up 7.6% for the last 12 months.
Papa John's CEO Steve Ritchie said executives are seeing early indications that Papa John's improvement measures are working, and they're "optimistic about the opportunities ahead."
Papa John’s International Inc. reported a fourth consecutive quarter of declining sales, adding pressure on the pizza chain to try to revive its business in ways that could include a sale of the company. Several potential buyers have expressed interest in acquiring Papa John’s, according to people familiar with the matter. Activist shareholder Legion Partners Asset Management LLC and the California State Teachers’ Retirement System last month disclosed a 5.5% stake in Papa John’s. Legion has spoken with the company about adding board members with restaurant experience, restoring the morale of franchisees and employees and cutting costs.
The Louisville, Kentucky-based company said it now expects full-year North America comparable sales to decline in the range of 6.5 percent to 8.5 percent, compared to a prior outlook for a 7 percent to 10 percent decline. Papa John's has been trying to rebound after battling with its founder John Schnatter over control of the company. Schnatter was booted as chairman following his usage of a racial slur during a conference call in July.
Papa John's continues to struggle with the fallout from its founder's noisy departure, but its CEO says a new ad campaign is helping turn things around. A spokesman said he had no comment on Tuesday.
Papa John's (PZZA) delivered earnings and revenue surprises of -13.04% and -5.32%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Key InsightsDisputes related to founder John Schnatter have sapped momentum this year. The chain has been fighting back with more ads and discounts, and executives said it will test more value offers in the fourth quarter.The company said it’s increasing its financial commitment to franchisees who are suffering sales losses, giving them more marketing funding and royalty reductions. As of Tuesday’s close, Papa John’s had lost 4.7 percent this year.For more on the results, click here.
Papa John's International Inc on Tuesday reported a smaller-than-expected decline in quarterly comparable sales in North America, helped by new advertising and rebranding as it tries to recover from bad publicity stemming from an acrimonious split with its founder. The company also said it now expects full-year North America comparable sales to decline in the range of 6.5 percent to 8.5 percent, compared to a prior outlook of 7 percent to 10 percent fall. The company is trying to rebound after battling with its founder John Schnatter over control of the company.
Papa John's reported disappointing third-quarter earnings and revenue, but sales in North America were slightly better than anticipated by Wall Street.
Papa John's reported earnings that missed Wall Street expectations after the markets closed Tuesday. The company spent millions during the period to repair its tarnished image. Papa John's same-store sales were a bright spot in otherwise disappointing earnings.
The company is widely expected to deliver terrible earnings Tuesday night that show a continued slide in pizza sales, a steep drop in profit and trouble with its franchise owners during the third quarter — making finding a potential buyer all the more difficult.
Papa John's International Inc. adopted a plan Friday that gives top executives a substantial severance package if they are terminated in the event of a buyout — also known as a golden parachute. The plan, formally called a change-of-control severance plan, was approved by the compensation committee of the Papa John's (Nasdaq: PZZA) board of directors, and it went into effect last Thursday. A golden parachute is often adopted when a company is likely to be bought out by another firm.
Papa John's (PZZA) higher costs, soft comps trend and a challenging sales environment are likely to reflect on third-quarter 2018 earnings.
One of the best stocks to buy amid a market crash is a company that’s levered toward an indispensable industry. A prime example is Walgreens Boots Alliance (NASDAQ:WBA). Fortunately for WBA stock, this is a case where the fundamentals are well represented in the markets.