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PZZA

Papa John's

$49.28

-2.04 (-3.98%)

09:34
10/02/18
10/02
09:34
10/02/18
09:34

Legion Partners, California pension fund take stake in Papa John's, WSJ reports

Legion Partners Asset Management and the California State Teachers' Retirement System now hold a 5.5% combined stake in Papa John's, according to the Wall Street Journal. Investors from both parties have met with board members to discuss how to boost sales and settle a dispute with Papa John's founder John Schnatter. The pizza chain is currently working to lower prices and to update a marketing campaign that does not include its founder. Reference Link

  • 27

    Nov

PZZA Papa John's
$49.28

-2.04 (-3.98%)

08/27/18
08/27/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. First Majestic (AG) upgraded to Outperform from Market Perform at BMO Capital with analyst Ryan Thompson citing his expectations of gross margin improvement following the shutdown of the high-cost La Guitarra mine and the integration of the high-margin San Dimas mine. 2. Papa John's (PZZA) upgraded to Buy from Neutral at Kalinowski with analyst Mark Kalinowski saying he believes the reported hiring of Bank of America and Lazard increases the odds of a favorable outcome over the next 12 months, including the possibility of an acquisition. 3. Portola Pharmaceuticals (PTLA) upgraded to Neutral from Underperform at Credit Suisse with analyst Vamil Divan citing Johnson & Johnson (JNJ) and Bayer's (BAYRY) presentation of disappointing data for Xarelto in the acute medically ill population at ESC. 4. Bancolombia (CIB) upgraded to Neutral from Sell at Citi. 5. AK Steel (AKS) and Steel Dynamics (STLD) were upgraded to Overweight from Equal Weight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/27/18
08/27/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. MORGAN STANLEY DOUBLE DOWNGRADES U.S. STEEL: Morgan Stanley analyst Piyush Sood double downgraded U.S. Steel (X) to Underweight from Overweight as he notes that steel prices are falling and he believes the recent price peak is "firmly behind" the market. Sood lowered his price target on U.S. Steel shares to $30 from $44. He prefers AK Steel (AKS), which he upgraded to Overweight from Equal Weight citing its good free cash flow prospects, and also prefers Steel Dynamics (STLD), which he also upgraded to Overweight from Equal Weight. PAPA JOHN'S UPGRADED TO BUY: Kalinowski Equity Research's Mark Kalinowski upgraded Papa John's (PZZA) to Buy from Neutral as he believes the reported hiring of Bank of America and Lazard increases the odds of a favorable outcome over the next 12 months, including the possibility of an acquisition. He noted that CNBC reports the company "isn't currently exploring a sale," but he believes a sale makes a lot of sense. BLOOM ENERGY CUT TO UNDERPERFORM: Credit Suisse analyst Michael Weinstein downgraded Bloom Energy (BE) to Underperform from Neutral, with a $24 price target on the stock, on valuation. While the analyst acknowledged the disruptive potential of Bloom Energy's technology, the stock is now trading at a premium. Although the company has shown impressive success so far, much work remains to be done to continue lowering costs and deliver next generation improvements, he contended. WEDBUSH CUTS CHIPOTLE TO UNDERPERFORM: Wedbush analyst Nick Setyan downgraded Chipotle Mexican Grill (CMG) to Underperform from Neutral and lowered his price target for the shares to $445 from $450. Setyan sees increased risk to Chipotle's near-term same-store-sales growth and margin expectations, and continues to see risk to margin expectations through 2020. Quarter-to-date checks suggest risk to the current Q3 consensus same-store-sales growth expectation, Setyan said. Further, the analyst believes that while theoretical drivers towards 2019 same-store-sales growth expectations exist, the risks are underappreciated.
09/07/18
STFL
09/07/18
NO CHANGE
Target $38
STFL
Hold
Papa John's store closure risk may be under-appreciated, says Stifel
Stifel analyst Chris O'Cull believes Papa John's domestic same-store sales remain challenged and he is surprised the company's aggressive promotions over the past several weeks have not slowed the declines. If the trend persists, it could lead to accelerating store closures in the next six months, which not only would impact royalty revenue but represents a risk to commissary profits that the Street may be under-appreciating, O'Cull tells investors. He maintains a Hold rating on Papa John's shares with a $38 price target.
09/27/18
JEFF
09/27/18
NO CHANGE
Target $58
JEFF
Buy
Jefferies continues to see upside potential in shares of Papa John's
Jefferies analyst Alexander Slagle continues to believe Q3 will represent the worst in terms of fundamentals for Papa John's (PZZA) and that "ultimate upside potential outweighs downside." The analyst recommends looking past fear of near-term trends and buying shares of Papa John's. An analysis of potential refranchising and leveraged buyout scenarios suggest there continues to be opportunities for value creation, Slagle tells investors in a research note. The analyst says that even without a buyout, there is a three-to-five year path to recovery that could return Papa John's to its normalized earnings/EBITDA levels and growth rate, potentially driving $4.00-plus of earnings per share by 2020. Slagle adds that based on this week's acquisition of Sonic (SONC) by Inspire Brands, Papa John's would be worth $63.50 per share in a buyout. He keeps a Buy rating on Papa John's with a $58 price target.

TODAY'S FREE FLY STORIES

IWM

iShares Trust Russell 2000 Index Fund

$153.34

-1.625 (-1.05%)

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$0.00

(0.00%)

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USO

United States Oil Fund

$14.69

0.125 (0.86%)

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MCHP

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CLF

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CLF

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$10.86

-0.61 (-5.32%)

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$NSD

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ACRX

AcelRx

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  • 03

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CLF

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$NYE

NYSE Market Internals

$0.00

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SHOP

Shopify

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-6.91 (-5.13%)

, STMP

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SHOP

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BLK

BlackRock

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2.59 (0.65%)

BX

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JPM

JPMorgan

$108.18

0.05 (0.05%)

F

Ford

$8.45

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GS

Goldman Sachs

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2.55 (1.13%)

GOOGL

Alphabet Class A

$1,104.29

7.06 (0.64%)

GOOG

Alphabet

$1,095.63

7.73 (0.71%)

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ET

Energy Transfer LP

$17.01

0.19 (1.13%)

15:04
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HAL

Halliburton

$37.87

-0.12 (-0.32%)

15:00
10/19/18
10/19
15:00
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Options
Active trading in Halliburton ahead of earnings »

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  • 22

    Oct

FXI

iShares China Large-Cap ETF

$39.39

0.7 (1.81%)

14:50
10/19/18
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14:50
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Options
32K iShares Large Cap China Fund Dec 42 - 44 call spreads trade for 40c »

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GEVO

Gevo

$3.61

-0.08 (-2.17%)

, GPRE

Green Plains

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GEVO

Gevo

$3.61

-0.08 (-2.17%)

GPRE

Green Plains

$17.97

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PEIX

Pacific Ethanol

$2.03

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MPC

Marathon Petroleum

$74.24

-4.6 (-5.83%)

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  • 01

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CMCSA

Comcast

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$0.00

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FOX

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DIS

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LGF.B

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Viacom

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VIAB

Viacom

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FOSL

Fossil

$19.00

-0.13 (-0.68%)

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FB

Facebook

$153.67

-1.28 (-0.83%)

, GOOG

Alphabet

$1,090.00

2.1 (0.19%)

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GOOGL

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TWTR

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SNAP

Snap

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ABBV

AbbVie

$88.84

-1.1 (-1.22%)

14:22
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AbbVie analyst commentary  »

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  • 19

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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MPC

Marathon Petroleum

$74.58

-4.26 (-5.40%)

, PEIX

Pacific Ethanol

$1.98

-0.17 (-7.91%)

14:15
10/19/18
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14:15
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14:15
Periodicals
Marathon weighs sale of high-ethanol gas in Minnesota, Bloomberg says »

Companies levered to…

MPC

Marathon Petroleum

$74.58

-4.26 (-5.40%)

PEIX

Pacific Ethanol

$1.98

-0.17 (-7.91%)

GPRE

Green Plains

$17.91

-0.44 (-2.40%)

GEVO

Gevo

$3.61

-0.08 (-2.17%)

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  • 01

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DHI

D.R. Horton

$35.98

-1.41 (-3.77%)

14:15
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Options
D R Horton put volume heavy and directionally bearish »

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  • 08

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ABBV

AbbVie

$89.28

-0.66 (-0.73%)

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AbbVie CFO to retire in mid-2019 »

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CP

Canadian Pacific

$200.85

1.58 (0.79%)

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