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Here are Thursday's biggest calls on Wall Street: Citi initiates Gilead Sciences as buy The firm said it is bullish on the biotech company's HIV franchise. Piper Sandler upgrades Campbell Soup to overweight from neutral Piper Sandler said it sees an attractive entry point for the stock. UBS initiates Cogent as buy The firm said it sees meaningful revenue acceleration for the internet services company. Jefferies reiterates Tesla as hold The firm raised its price target on the stock to $300 per share from $195. Morgan Stanley reiterates Meta as overweight The firm said Meta is a major artificial intelligence beneficiary. "
Persons: Piper Sandler, Campbell, Oppenheimer, Jefferies, Tesla, Morgan Stanley, Papa, KeyBanc, Papa John's, BXP, Wells, Wells Fargo, BURL, Meta, Needham, Eli Lilly's Organizations: Citi, Gilead Sciences, HIV, SOVO, UBS, Nvidia, Bank of America, Neutral Bank of America, ISI, Papa Johns International, Company, JPMorgan, Medicines, 3Q, Netflix, Barclays, Airlines, FDA, Novo Nordisk, Microsoft Locations: Europe, Asia, Africa, America, Manhattan, Burlington
Martha Stewart told Business Insider the recipes she believes everyone should learn to make. Stewart wants her apple pie and lemon meringue pie to be part of her legacy. Stewart's upside-down lemon meringue pie was actually inspired by a recipe for "lemon angel pie" made by her recipe tester's grandmother, Josephine Rege. Stewart has shared recipes for both the upside-down lemon meringue pie and the mile-high lemon meringue pie on her site. Stewart recommends everyone learn how to make her mother's pierogiesStewart's first inspiration in the kitchen was her mother, Martha Kostyra, also known as "Big Martha."
Persons: Martha Stewart, Stewart, Martha's, , Papa Johns, you'll, brisée, Josephine Rege, pierogies, Martha Kostyra, Martha, Big Martha, she's Organizations: Business, Service, Netflix Locations: Dijon
On July 18, a judge sentenced Carter, 36, to the maximum prison term allowed under Ohio law — three years. John Carter with Katelyn Markham. Markham stayed home, Carter told authorities. There was no forensic, eyewitness or video evidence that provided a direct link between Carter and Markham’s death, Gmoser said. A litany of questions remained, Gmoser told “Dateline.” Was Markham killed in Indiana?
Persons: John Carter, Katelyn Markham, — Carter, NBC’s, , Markham’s, unraveled, Markham’s death.Weeks, Prosecutors, Carter, , Michael Gmoser, ” Gmoser, Carter didn’t, Dave Markham, Dave, John, Carter —, Papa, Markham, hadn’t, Detectives, Rebecca Ervin, he’d, Gmoser said.Gmoser, they’d, Ervin, , Carter wasn’t, Gmoser, ” Ervin, Stephen Maynard, Maynard, , wouldn’t, ” Katelyn Markham, Katelyn, ” Paul Newton, ” Prosecutors, Newton, Weeks, ” “ Organizations: , Fairfield, Fairfield Police Department, FBI, Ford, “ Dateline, Locations: Cincinnati, Indiana, Ohio, Butler, Colorado, Papa Johns, Carter’s, Carter
Read previewA Papa Johns recently opened in Osceola, Arkansas — and Britt Lorino is thrilled about it. Despite raising their family in Austin, Lorino and his wife decided to settle in Mississippi County because of its mover incentives. Program leaders told BI that they have attracted 80 new homeowners since Work Here, Live Here launched in 2022. Their adult children still live in Austin, and Lorino said his son can't afford a home there. He isn't sure if he and his wife will live in Mississippi County forever, but they plan to stay for several years.
Persons: , Papa Johns, Osceola , Arkansas —, Britt Lorino, Lorino, It's, everything's, Austin — Organizations: Service, Business, Big, Steel, US Steel, Big River Steel ., Midwest, Osceola Locations: Osceola , Arkansas, Osceola, Memphis, Austin, Mississippi County, Houston, Mississippi, Arkansas, Louisiana, Texas, Rural Mississippi County, there's, . Osceola
Carolina Williams went viral in 2017 for her unique Papa Johns-inspired essay that earned the teen admission into Yale University. The first member of her family to go to college, Williams didn't necessarily have her heart set on an Ivy League education. She loved both Yale and Auburn's campuses and could see herself as a member of either student body. But Auburn's analytics program, along with its much closer proximity to her home and family in Tennessee, won Williams over. Here's why she skipped the Ivy League and how it's worked out for her post-grad.
Persons: Carolina Williams, Papa Johns, Williams, I've, it's Organizations: Yale University, Ivy League, CNBC, Auburn University, Yale Locations: Alabama, Tennessee
I ordered a stuffed-crust cheese and tomato pizza, barbecue wings, and dips from Papa Johns, Domino's, and Pizza Hut. The Pizza Hut pie was the heaviest of the bunch, weighing a third more than the Domino's one. Pizza Hut had the thickest base, while Papa John's was quite floppy. AdvertisementThe US has four major pizza chains – Domino's, Pizza Hut, Little Caesars, and Papa Johns. All of them apart from Little Caesars have hundreds of sites in the UK.
Persons: Papa Johns, Papa John's, Organizations: Service, Little Caesars Locations: Papa, Domino's, Little
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The wholesale club sells gift card bundles with discounts of 20% or more on the combined face value. In addition, the company's own Shop card acts as an access pass for non-members to visit a warehouse. AdvertisementThe same things that make cash a great holiday gift — it's always the right size and color — largely apply to gift cards as well. Warehouses often have jumbo-sized sheets of gift cards on display featuring national chains as well as local restaurants and teams. While buying gift cards through Costco may be a bargain, the better gift (for certain recipients) just might be a gift card to Costco.
Persons: , — it's, Papa Johns, Eddie Organizations: Costco, Service, Papa, NFL, NHL, MLB
Chick-fil-A began testing drone delivery in Texas and North Carolina last year. Retailers and restaurants testing drone service include Walmart, Amazon, and Jersey Mike's. Chick-fil-A restaurants in Granbury, Texas, and Durham, North Carolina, have been testing drone deliveries since September 2022. AdvertisementIn Florida, customers within the restaurant's drone drop zone can order delivery by drone through the Chick-fil-A app. Drone delivery is still experimental in the US but is catching on among top retailers and restaurant chains.
Persons: , Chick, Cane's, Papa Organizations: Florida . Retailers, Walmart, Amazon, Service, Papa Johns , Jersey Mike's Subs, Cream, Little Caesars, Starbucks Locations: Texas, North Carolina, Florida, Jersey, Brandon, Granbury , Texas, Durham , North Carolina, Virginia Beach , Virginia, Tel Aviv, Papa Johns , Jersey, Little, Southern California, California, California , Texas
Grocery prices rose in July
  + stars: | 2023-08-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN —Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices. Uncooked beef steaks prices rose 2.3% and uncooked ground beef rose 1.5%. Tyson (TSN) reported that while its prices for pork and chicken were down in the quarter ending in July, beef prices went up. Altogether, grocery prices rose 3.6% for the year, higher than the overall 3.2% increase of consumer prices — but not by much. What’s going on with menu pricesIn the month of July, menu prices rose a tiny bit, just 0.2%.
Persons: Joe Raedle, , Donnie King, Tyson, Bread, Rice, Sweets, Milk, WEN, Papa Johns, Rob Lynch, , we’ve, I’ve, Lynch Organizations: New, New York CNN, Bureau of Labor Statistics, TSN, USDA, Burger, Papa Johns Locations: New York
Consumers have more cash on hand now than before the pandemic, according to a July analysis from the JPMorgan Chase Institute. So, what do corporate earnings reveal about the health of the consumer? “The consumer is in good financial shape, particularly the premium consumer base that we target,” Ed Bastian, chief executive of Delta Air Lines (DAL), said last month. “Both the lower-income consumer and our higher-income consumers are showing really good strength,” said Brian Niccol, chief executive of Chipotle, during the company’s post-earnings call. “The macro effects of higher inflation and a slowing US economy have put increased pressure on the price-sensitive consumer,” said Chip Bergh, chief executive of Levi Strauss.
Persons: Taylor Swift’s, ” Ed Bastian, , Robert Jordan, “ We’re, Laxman Narasimhan, Chipotle, Brian Niccol, Levi Strauss, LEVI, Chip Bergh, , Tarang Amin, Zachary Kirkhorn, Peter Valdes, Kirkhorn, Tesla, Elon Musk’s, Vaibhav, Read, Jennifer Korn, it’s, Google Organizations: CNN, JPMorgan Chase Institute, Airlines, Consumers, Delta Air Lines, DAL, Southwest Airlines, Papa Johns, Apparel, Tesla, Google Locations: United States, Pacific, Papa Johns ’ North, bitcoin
New York CNN —Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit. Lynch joined Papa Johns (PZZA) in 2019. The vast majority, roughly 2,900 out of about 3,400 total North American Papa Johns restaurants, are franchised, according to the company. Sales at Papa Johns locations open at least a year fell in the second quarter. But now, they’re pushing back – and not just at Papa Johns.
Persons: Papa Johns, , Rob Lynch, , we’ve, I’ve, Lynch, American Papa Johns, Luke Sharrett, Papa, Kraft Heinz, Oscar Mayer, Kraft, Miguel Patricio, ” Patricio, George Frey, James Quincey, Steven Cahillane, “ We’re, , ’ ”, ” Lynch, it’s Organizations: New, New York CNN, American Papa, Papa Johns, Bloomberg, Kraft Mac, Kraft Locations: New York, Papa Johns, Capri Sun, Philadelphia, Europe
Starboard Value's Jeffrey Smith has been one of the busiest activist investors over the last two decades, best known for his proxy fights in the restaurant space. Darden shares saw a nearly 60% jump under Smith's activism, from October 2014 to April 2016. After Darden, Smith sought a turnaround at pizza chain Papa Johns , taking a $200 million stake in the company and becoming chairman in 2019. Smith took an activist stake in software company Salesforce last year. The Starboard CEO was even active during the Covid pandemic, calling for changes at Humana, Kohl's, Mercury Systems and other companies.
Persons: Jeffrey Smith, Smith, Darden, Papa, John Schnatter Organizations: Olive, Darden, Wharton grad, Mercury Systems Locations: New York
“We experienced significant pressure on our U.S. delivery business in 2022,” CEO Russell Weiner wrote in a statement discussing financial results Thursday. Domino's said its delivery business struggled last year. “Every day, delivery customers will be deciding where to spend their hard-earned dollars. And it raised the price of its “mix and match” deal for delivery orders, but not carryout. And while staffing has improved somewhat, “there is more work to do on staffing that part of the business,” Weiner said of delivery.
Some consumers trade down from casual-dining favorites to fast-food chains, analysts said. Analysts predicted what top publicly traded chains could do well with consumers during a recession. Typically during a recession, restaurants feel the pain first. Analysts think McDonald's, Papa Johns, Olive Garden, Taco Bell, Chipotle, and Domino's are set up for success during a recession. Analysts are undecided or mixed on brands like Starbucks, Wendy's, and Cheesecake Factory and how they might fare during a recession.
In that context, we kickstart 2023 with five stocks picked by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their past performance. Papa John'sQuick-service pizza chain Papa John's (PZZA) stock has depreciated significantly this year due to challenges in the U.K. and inflationary pressures, but its longer-term outlook remains resilient. Therefore, Papa John's value offerings like Papa Pairings are attracting new lower-income guests. (See Papa John's International Insider Trading Activity on TipRanks) Saleh reiterated a buy rating on the stock with a price target of $100. We see several near- and long-term levers to drive shareholder value that have started to unfold and will allow Papa John's to again outperform peers, leading to our Buy rating," said Saleh.
The best food marketing stunts of the year
  + stars: | 2022-12-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +10 min
“The Big Cheez-It Tostada and Big Cheez-It Crunchwrap are in such Big demand that our limited offer is no longer available,” the chain said. Diane Bondareff/AP Images for Fancy FeastOver the summer, Fancy Feast invited people to answer the question: What does cat food taste like? The restaurant dishes drew inspiration from Fancy Feast Medleys, cat food that is itself inspired by human food like salmon primavera and turkey florentine. The restaurant’s menu was created by Amanda Hassner, in-house chef for Fancy Feast, as well as restaurateur Cesare Casella, a Michelin star winner, according to a Fancy Feast press release. Papa JohnsAs a permanent addition to the Papa Johns menu, the no-crust, toppings-only Papa Bowls are technically not a stunt.
Benihana: Open Christmas Day and Christmas Eve. Bar Louie: Open Christmas Day and Christmas Eve. May be open Christmas Day, depending on location or franchiseGolden Corral: Some locations will be open Christmas Eve and Christmas Day. Closed Christmas Day, but open Christmas EveTaco Bell: Restaurants are open on Christmas Eve. Friendly's: Open on Christmas Eve until 6 p.m.In-N-Out: Open from 10:30 a.m. to 11 p.m. on Christmas Eve.
Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Meta PlatformsFacebook parent Meta Platforms (META) has been beset by challenges. (See Meta Platforms Stock Chart & Stock Technical Analysis on TipRanks) Notwithstanding the speculations, Monness Crespi Hardt analyst Brian White remains optimistic. Papa John'sAnother of the top choices of analysts is pizza company Papa John's (PZZA). Nonetheless, after conducting a survey of several Papa John's franchises, BTIG analyst Peter Saleh emerged positive about the stock's prospects.
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