New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 17, 2014
12:29 EDTDPZ, NUAN, PZZADomino's, Papa John's diverge after analysts differ on pizza makers
Shares of two pizza chains, Domino's Pizza (DPZ) and Papa John's (PZZA), are moving in opposite directions after Bank of America Merrill Lynch downgraded the first and KeyBanc was upbeat on the second. WHAT'S NEW: Bank of America Merrill Lynch analyst Joseph Buckley downgraded Domino's Pizza to Underperform from Neutral in a note to investors earlier today. Domino's is trading at a valuation that is about 15% higher than the average level of its peers, Buckley estimated. However, the company's 2014 free cash flow yield is 3.7%, significantly below the peer average of 4.3%, Buckley stated. Moreover, the pizza space remains highly competitive, warned the analyst, who cut his price target on the shares to $68 from $77. Conversely, KeyBanc was upbeat on Papa John's, as the firm raised its second quarter estimates for the company above consensus levels after performing channel checks. Papa John's same-store sales momentum has continued this quarter, as it is benefiting from higher average ticket and transaction gains, KeyBanc believes. Papa John's should also benefit from lower than expected cheese prices, market share gains in the U.S., and higher overseas profits, according to the firm, which kept a $53 price target and reiterated a Buy rating on the shares. WHAT'S NOTABLE: Domino's yesterday announced that it was launching a mobile app that will enable consumers to order pizzas with voice commands. Domino's developed the app in conjunction with Nuance Communications (NUAN), which develops voice technology solutions. PRICE ACTION: In early afternoon trading, Domino's Pizza fell 1.5% to trade near $71 and Papa John's rose 0.7% to $42.61.
News For DPZ;PZZA;NUAN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 26, 2015
09:31 EDTPZZAPapa John's downgraded to Hold from Buy at Feltl
Subscribe for More Information
February 24, 2015
18:15 EDTPZZAOn The Fly: After Hours Movers
Subscribe for More Information
17:12 EDTPZZAPapa John's sees FY15 EPS $1.98-$2.06, consensus $2.11
Total consolidated revenues are expected to increase 3% to 5% in 2015, consensus $1.67B. North America system-wide comparable sales are expected to increase 2% to 4% in 2015. International comparable sales are expected to increase 5% to 7%, on a constant dollar basis, in 2015.
17:08 EDTPZZAPapa John's reports Q4 EPS 52c, consensus 50c
Reports Q4 revenue $425.5M, consensus $411.67M.
15:21 EDTPZZANotable companies reporting after market close
Subscribe for More Information
07:42 EDTDPZDomino's Pizza backs long-term domestic same stores sales growth of 2%-4%
Subscribe for More Information
07:40 EDTDPZDomino's Pizza reports Q4 domestic company-owned stores growth 11.9%
Reports Q4 domestic franchise stores growth up 11%. Reports Q4 domestic stores growth 11.1%. Reports Q4 international stores growth 6.1%. Reports Q4 global retail sales growth 10.6%. Reports Q4 global retail sales growth, excluding foreign currency impact, 13.7%.
07:40 EDTDPZDomino's Pizza reports Q4 adjusted EPS 91c, consensus 93c
Subscribe for More Information
February 23, 2015
13:27 EDTDPZDomino's Pizza March volatility elevated into Q4 and revenue growth outlook
Subscribe for More Information
February 18, 2015
11:46 EDTNUANNuance management to meet with Wedbush
Meetings to be held in Chicago on February 23 and in Milwaukee on February 24 hosted by Wedbush.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use