Papa John's (PZZA) Misses Q4 EPS by 2c, Beats on Revenues

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Papa John's (PZZA) Could Be a More Logical Takeover Target for Restaurant Brands (QSR) - Oppenheimer

February 27, 2018 9:18 AM EST

Oppenheimer analyst Brian Bittner suggested Papa John's (NASDAQ: PZZA) could be a more logical takeover target for Restaurant Brands International (NYSE: QSR) than Domino's Pizza (NYSE: DPZ), which has been speculated upon.

Bittner said DPZ's larger size and valuation would require a major equity raise ($10B+) whereas PZZA could be fully-funded internally by cash and pro-forma... More