PZZA Our Meeting with Management in Louisville 2

By Mark Kalinowski Published on December 23, 2019 at 12:00 AM

We recently met with Papa John’s (PZZA; Buy) — including (1) President and CEO Rob Lynch, (2) CFO Joe Smith, and (3) VP Strategic Planning Steve Coke — in Louisville, Kentucky. We thank them for their time! Topics of interest that were asked about include culinary innovation, relations with franchisees, and why Mr. Lynch decided to leave his prior employer to become Papa John’s CEO. We maintain our Buy rating on PZZA, and note the following:

DPZ Introducing Some EPS Estimates Update on Plant-Based Beef

By Mark Kalinowski Published on September 25, 2019 at 12:00 AM

With this report, we introduce our quarterly EPS estimates for 2020E for Domino’s (DPZ; Neutral) as follows: (1) Q1E $2.40, (2) Q2E $2.32, (3) Q3E $2.40, and (4) Q4E $3.58. These quarterlies sum to our unchanged full-year 2020E EPS forecast of $10.70. Please keep in mind that 2020 is a 53-week fiscal year for Domino’s.

Tidbits re DPZ, JACK, Tim Hortons (owned by QSR) and Blaze Pizza

By Mark Kalinowski Published on February 17, 2019 at 12:00 AM

We briefly note the following tidbits regarding Domino’s (DPZ; Buy), Jack in the Box (JACK; Not Rated), Tim Hortons (owned by Restaurant Brands International [QSR; Not Rated], and privately-held Blaze Pizza: