Analyst cuts expectations for Papa John's due to association with failing NFL

Your NFL protests are working. Papa John's stock was eighty dollars on 8/22/17. It was down eleven dollars just a week after Donald Trump called for NFL owners to fire any sons of bitches who kneeled during the national anthem. And it closed yesterday at $68.31 one month after we called for a boycott of them and all NFL sponsors.

Papa John's stock is down almost 15% since Donald Trump called on NFL players to respect the United States flag!

It's getting even better. Instinet analysts just cut their earnings forecast and price target for Papa John’s on NFL viewership concerns:

Instinet lowered its third-quarter earnings per share forecast to 59 cents from 62 cents, and shaved 100 basis points from its combined North America company-owned and franchised same-store sales guidance to 1.1% growth. Analysts cut the same amount, 100 basis points, from separate company-owned and franchised same-store sales guidance as well.

How bad is it? PJ's announced a fugazi quarterly dividend of $0.225 per common share to try and bump itself up.

And Papa John's isn't alone. “NFL spokesman Joe Lockhart has confirmed that multiple official sponsors of the league – including Papa John’s – have expressed concerns to the NFL about how sliding TV viewership in the 2017 season relative to 2016 has affected these sponsors’ business,” Instinet wrote in a note. “Specific to Papa John’s, it has been reported that Papa John’s has directly informed the NFL that its sales during the times NFL games are being played and broadcast are down year-over-year.”

Boycott these NFL sponsors until it cleans up its flag act.

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