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PZZA

Papa John's International Inc (NASDAQ:PZZA) is set to expand its presence in the US by opening 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and The Bajco Group. This move aligns with Papa John's Back to Growth Program, aimed at accelerating growth in North America and improving restaurant-level margins. The expansion will enhance Bajwa's portfolio, aiming for 500 Papa John's locations, and will focus on the Midwest, Arizona, Pennsylvania, and Florida.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 1:29 pm

INSE

Inspired Entertainment, Inc. (INSE) has received a non-compliance letter from Nasdaq due to its failure to meet the minimum bid price requirement. The company is now at risk of being delisted if it cannot rectify this issue within the given timeframe.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:27 pm

WSR

Whitestone REIT has completed the acquisition of Scottsdale Commons, a retail property, for $22.2 million. This strategic move aims to enhance Whitestone's portfolio and presence in the Scottsdale area.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:21 pm

SAVE

Susquehanna analyst Christopher Stathoulopoulos has maintained a Negative rating on Spirit Airlines (NYSE:SAVE) and lowered the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:21 pm

DJT

Former President Donald Trump's net worth declined by over $2 billion after shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) plummeted nearly 44% from their peak. The stock's downturn follows demands for an investigation into its merger with Digital World Acquisition, despite CEO Devin Nunes asserting the company's strong financial position. Trump, holding a 57% stake and unable to sell until the lockup period ends, faces significant losses.

Portfolio Pulse from Rounak Jain

April 09, 2024 | 1:20 pm

GIPR

Generation Income (NASDAQ:GIPR) reported Q4 sales of $3.122 million, surpassing the analyst consensus estimate of $2.369 million by 31.79%.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:19 pm

CVKD

Cadrenal Therapeutics' shares surged following the FDA's Orphan Drug Designation for Tecarfarin, aimed at preventing thromboembolism and thrombosis in patients with mechanical circulatory support devices.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:19 pm

GHBWF

GRAM

MAPS

STHZF

California's cannabis sector experienced a 5% sales decline in Q4 2023, with taxable sales dropping 8% to $1.25 billion. Despite rising wholesale prices, retailer margins have tightened, indicating decreased profitability. Companies like Gold Flora, StateHouse, and Weedmaps are highlighted for their market presence amidst challenges, including regulatory hurdles and the flourishing underground market. The upcoming Benzinga Cannabis Capital Conference in Florida is noted as a significant event for industry insights.

Portfolio Pulse from Nicolás Jose Rodriguez

April 09, 2024 | 1:19 pm

SNPX

Synaptogenix has acquired a 25% stake in Cannasoul, as reported in its latest 10-K filing. As of December 31, 2023, Synaptogenix had a cash balance of $28.7 million. The company also underwent a recent reverse split, resulting in approximately 1,085,333 outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:18 pm

PWP

Perella Weinberg's stock (PWP) is trading higher following JMP Securities' decision to maintain a Market Outperform rating and increase the price target from $18 to $22.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:16 pm