Could Papa John's (PZZA) finally have a new ... papa? Shares of the troubled pizza were 5% higher following a report of a potential buyer.
The Dealreporter story says Restaurant Brands, which owns Burger King and Tim Hortons, might be looking to add a pizza chain to its portfolio.
Rumors have been swirling for months about potential buyers for Papa John's. Without a buyer, the chain will have to find a way to convince investors that it can solve its problems on its own, and beat out competitors Domino's and Pizza Hut.
Restaurant Brands (QSR) is also having a strong day. Its shares are up more than 7% after it named a new CEO and said same-store sales are growing at Burger King and Tim Hortons.