Market Overview

How Have Pizza Stocks Done Since The Infamous Urban Outfitters Pizza Acquisition?

How Have Pizza Stocks Done Since The Infamous Urban Outfitters Pizza Acquisition?

Urban Outfitters, Inc. (NASDAQ: URBN) was responsible for one of the more puzzling buyouts in recent history last year when the clothing retailer decided to venture into the pizza business. In November, Urban Outfitters acquired The Vetri Family group of restaurants, which includes Pizzeria Vetri.

Urban Outfitters is one of the many retailers struggling to compete with e-commerce juggernaut, Inc. (NASDAQ: AMZN), and management apparently isn’t afraid to expand outside its comfort zone.

Take A Slice

How have Urban Outfitters and Vetri’s pizza stock rivals traded since the deal was announced last November?

In short, the pizza business has been booming. The stocks of Casey’s General Stores Inc (NASDAQ: CASY), Yum! Brands, Inc. (NYSE: YUM), Papa John’s Int’l, Inc. (NASDAQ: PZZA) and Domino’s Pizza, Inc. (NYSE: DPZ) are all up between 20 and 50 percent in less than a year of trading since the Urban Outfitters deal. Urban Outfitters stock has also been on the rise. The stock is up 49.8 percent since the deal was announced.

Related Link: Waning Social Buzz Presaged Ruby Tuesday's Store Closures

The only investors not enjoying the pizza party are shareholders of Papa Murphy’s Holdings Inc (NASDAQ: FRSH). The stock is down 49.6 percent since November on comparable-store sales and disappointing earnings.

In Q2, Papa Murphy’s comparable-store sales fell 4.0 percent year-over-year, while Domino’s and Papa John’s delivered +10 percent and +5 percent growth, respectively.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: Pizzaria Vetri The Vetri Family GroupRestaurants Top Stories General Best of Benzinga


Related Articles (AMZN + CASY)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Exclusive: Trigger Finance Launches In-App Trading Features

10 Salesforce Acquisitions Since Last Spring