|Bid||52.22 x 800|
|Ask||52.45 x 1000|
|Day's Range||52.06 - 52.64|
|52 Week Range||38.29 - 60.56|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||0.90 (1.74%)|
|1y Target Est||58.90|
Yahoo Finance's Brian Sozzi went inside the C-suite with the newly appointed CEO of Papa John's, Rob Lynch. Lynch comes to Papa John's from Arby's, where he was president of a chain with more than 3,400 restaurants. The man behind the "We have the meats" campaign told Sozzi that "it feels amazing" to get the job leading Papa Johns.
This news comes just a day after Papa John's founder John Schnatter said he would build a building for Simmons College.
This donation comes just after Schnatter announced a gift of $1 million from the Schnatter Family Foundation to Simmons College and the National Baptist Convention of America.
John Schnatter founded pizza chain Papa John's Int'l, Inc. Schnatter quit as CEO of Papa John's in 2018 after a "fantastic nine-year run" in which the stock rose from less than $7 per share to nearly $80, he said during the interview. Papa John's was the "most associated brand" with the National Football League, as one-third of its budget was spent on the league, Schnatter said.
On Sept. 6, Ritchie resigned from Papa John’s board of directors and entered into an agreement with the company, detailed in a Securities and Exchange Commission filing.
“He had a piece of paper and said: ‘This is $100.’ Ripped it in half,” the NBA Hall of Famer recounted to Yahoo Finance recently.
Papa John’s International Inc. is launching its new “Better Day” campaign, featuring basketball legend Shaquille O’Neal. O'Neal is a new addition to the board of directors for Louisville-based Papa John's, as well as a franchisee of the pizza chain. The campaign includes three TV ads, which begin airing nationally Wednesday, featuring O’Neal making pizzas with Papa John’s team members and engaging Los Angeles residents across the city during deliveries at different locations.
Papa John’s International, Inc. announces the launch of its new “Better Day” campaign featuring Board of Directors member and franchisee Shaquille O’Neal. The campaign includes three television ads, which will begin airing nationally on Thursday, September 5th, featuring O’Neal making pizzas with Papa John’s team members and engaging Los Angeles residents across the city during deliveries at different locations. “I had a blast making these commercials and you’ll see that come through on screen,” said O’Neal.
Schnatter certainly has money to give away, after selling off more than $31.2 million worth of shares last week.
John Schnatter, the founder of pizza chain Papa John’s, continues to slice off parts of his investment following his high-profile exit from the company.
Since Papa John’s founder John Schnatter inserted himself into debates about racism in America, the pizza company has wrestled with its public image. What started with Schnatter criticizing the NFL’s response to anthem protests in 2017 ballooned into a crisis, when Forbes reported in July 2018 that he used the n-word in a conference call about similar public relations controversies. Now, more than a year on from its mistakes, the company is taking steps to repair its public image.
Analysts are bullish after news that Papa John’s has a new CEO with restaurant turnaround experience.
Papa John’s stock (ticker: PZZA) was up 4.2% to $50 on Wednesday morning. Papa John’s board said Tuesday that it has hired Rob Lynch as its new CEO. Lynch succeeds Steve Ritchie, who was chosen by founder John Schnatter and took over as Schnatter left as CEO in January 2018 after making critical comments about the NFL anthem protests.
Papa John's International, Inc. (NASDAQ: PZZA) announced Tuesday Rob Lynch will replace Steve Ritchie as CEO, effective immediately. Stifel analyst Chris O'Cull upgraded Papa John's from Hold to Buy with a price target lifted from $42 to $60. MKM Partners analyst Brett Levy maintains at Buy, $55 price target.