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Stock Market & Financial Investment News

News Breaks
June 17, 2014
12:29 EDTDPZ, PZZA, NUANDomino'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
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October 1, 2014
08:07 EDTPZZAPapa John's to hire 155 new employees in Greater Austin region
08:06 EDTPZZAPapa John's to hire 83 new employees in Greater Waco region
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September 30, 2014
12:34 EDTNUANNuance speculated for potential deal with Samsung, Globes says
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September 22, 2014
18:46 EDTPZZAPapa John's backs FY14 EPS view, including FOCUS, $1.64-$1.72, consensus $1.72
Backs FY14 EPS, ex FOCUS costs, $1.72-$1.80. Backs FY14 revenue growth view of 8%-10%, consensus $1.57B. Backs 2014 North America comparable sales outlook up 4%-6%. Backs International comparable sales outlook up 6%-8%. Backs FY14 CapEx $50M-$55M. Backs FY14 pre-tax margin slightly lower than FY13. Backs FY14 free cash flow flat. Backs worldwide net unit growth 220-235, 80% international. Guidance from presentation slides at KeyBanc Capital Markets conference.
September 17, 2014
17:21 EDTNUANNuance launches Swype on the App Store
Nuance Communications announced that its Swype keyboard is now available for iPhone, iPad and iPod touch users who have downloaded iOS 8. Swype is available for a special price of 99c from the App Store.

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