Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Golden Entertainment (GDEN) initiated with an Overweight at JPMorgan. 2. Endava (DAVA) initiated with a Positive at Susquehanna. 3. Verint (VRNT) initiated with a Buy at Needham. 4. Papa John's (PZZA) initiated with a Buy at CL King while Domino's Pizza (DPZ) was initiated with a Neutral. 5. Oportun Financial (OPRT) initiated with an Outperform at JMP Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

Reports preliminary Q1 adjusted EBITDA flat to up $4M. "We are pleased to report preliminary indications of a strong first quarter," said Raul Vazquez, CEO of Oportun. "We expect to deliver a resilient top-line performance with Total Revenue exceeding the top end of our guidance range by $10 to $12 million. Our tightened credit posture contributed to delivering annualized net charge-offs in the bottom half of our guidance range and below the net charge-off rate from last year. Additionally, our 30+ Day Delinquency Rate is 21 basis points lower than last year. On a GAAP basis, we expect Net Loss for the quarter to have improved by $72 to $76 million compared to last year. Given strong Total Revenue, improved credit performance and continued expense discipline, we also expect to be break-even to profitable on an Adjusted Net Income basis, an increase of $58 to $62 million over last year. We expect Adjusted EBITDA to be positive and $12 to $16 million above the top end of our guidance range, a $20 to $24 million increase compared to last year. As these results demonstrate, we continue to make significant progress towards driving sustainable, profitable earnings growth, and shareholder value."

Stifel analyst Chris O'Cull upgraded Papa John's to Hold from Sell with a price target of $60, down from $65. The analyst believes near-term expectations are reasonable. Given the stock's negative sentiment and recent market volatility, the firm decided to move to the sidelines. However, Stifel continues to believe Papa John's is in a "challenging competitive position in a tough category."