PZZA (Post-Call) A Welcome Return to Positive Comps December 18th Field Trip

By Mark Kalinowski Published on November 6, 2019 at 12:00 AM

Earlier today, Papa John’s (PZZA; Buy) reported Q3 adjusted EPS of $0.21, short of our $0.23 forecast and sell-side consensus (according to Consensus Metrix) of $0.22. The company’s full-year 2019 adjusted EPS target range stays at $1.00-$1.20. We keep our Q4E EPS projection unchanged at $0.35. Given that Q3 missed our EPS estimate by two cents, this brings down our full-year 2019E EPS forecast by two cents, to $1.15. Please note that as of this writing, sell-side consensus is at $1.13. (Our full-year 2020E and 2021E EPS estimates remain unchanged at $1.55 and $1.75, respectively.)

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CAKE, DIN, and Blaze Pizza Investor Field Trip Invitation (Reminder)

By Mark Kalinowski Published on November 20, 2018 at 12:00 AM

Reminder! Kalinowski Equity Research is pleased to host its upcoming Southern California Restaurant Field Trip to CAKE, DIN, & Blaze Pizza taking place Tuesday, November 27th – Thursday, November 29th.

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