Popular Tex-Mex Chain's Fate Revealed After Bankruptcy Filing
Pending court approval, Pappas Restaurants-which operates Pappadeaux Seafood Kitchen, Pappasito's Cantina, Pappas Bar-B-Q and Pappas Bros. Steakhouse-has been selected to acquire the flailing chain of Tex-Mex restaurants, the restaurant group has announced.
"We're excited to welcome On The Border to the Pappas family," Mike Rizzo, CEO of Pappas Restaurants, said in a statement. "On The Border is a brand with deep heritage and loyal guests, and we see tremendous opportunity to invest in its future. Our shared Texas roots and passion for hospitality make this a natural fit."
It sounds like Pappas plans to maintain On the Border's original iconic and recognizable branding, with plans to "strengthen and modernize" On The Border locations" existing locations, with the announcement promising that "Pappas Restaurants will explore ways to enhance On The Border's menu, operations, and guest experience while honoring the brand's history and fan-favorite offerings."
"On The Border has always stood out for its energy and bold flavors-it's a brand we've known and respected for years," Chris Pappas, co-owner of Pappas Restaurants, added. "This gives us the chance to bring our passion for Tex-Mex to more guests, and we're excited to build on what makes both brands special."
The Atlanta-based Mexican grill & cantina filed for bankruptcy protections back in March, citing "inflation" and "changing customer behavior" as causes of the impending bankruptcy filing.
Before that original protection request, the chain had already closed 40 locations, with 60 remaining across 18 states, plus 20 additional franchisee locations in the United States and South Korea. That's down from 150 locations at its peak.
Next: American McDonald's Fans Can't Decide if They're 'Jealous' or 'Disgusted' Over International McFlurry Release
Copyright 2025 The Arena Group, Inc. All Rights Reserved
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Littelfuse (NASDAQ:LFUS) Will Pay A Larger Dividend Than Last Year At $0.75
Littelfuse, Inc. (NASDAQ:LFUS) will increase its dividend from last year's comparable payment on the 4th of September to $0.75. The payment will take the dividend yield to 1.2%, which is in line with the average for the industry. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Littelfuse's Future Dividend Projections Appear Well Covered By Earnings Unless the payments are sustainable, the dividend yield doesn't mean too much. The last dividend was quite easily covered by Littelfuse's earnings. This indicates that quite a large proportion of earnings is being invested back into the business. According to analysts, EPS should be several times higher next year. Assuming the dividend continues along recent trends, we think the payout ratio will be 19%, which makes us pretty comfortable with the sustainability of the dividend. See our latest analysis for Littelfuse Littelfuse Has A Solid Track Record The company has a sustained record of paying dividends with very little fluctuation. Since 2015, the annual payment back then was $1.00, compared to the most recent full-year payment of $3.00. This means that it has been growing its distributions at 12% per annum over that time. So, dividends have been growing pretty quickly, and even more impressively, they haven't experienced any notable falls during this period. The Dividend Has Growth Potential Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see that Littelfuse has been growing its earnings per share at 7.4% a year over the past five years. Since earnings per share is growing at an acceptable rate, and the payout policy is balanced, we think the company is positioning itself well to grow earnings and dividends in the future. Littelfuse Looks Like A Great Dividend Stock In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. As an example, we've identified 2 warning signs for Littelfuse that you should be aware of before investing. Is Littelfuse not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Possible Bearish Signals With Nasdaq Insiders Disposing Stock
Over the past year, many Nasdaq, Inc. (NASDAQ:NDAQ) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Nasdaq Insider Transactions Over The Last Year The Executive VP, Bradley Peterson, made the biggest insider sale in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$75.38 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$94.68. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 8.7% of Bradley Peterson's holding. Over the last year we saw more insider selling of Nasdaq shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Check out our latest analysis for Nasdaq If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar). Insiders At Nasdaq Have Sold Stock Recently Over the last three months, we've seen significant insider selling at Nasdaq. Specifically, insiders ditched US$2.1m worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all. Insider Ownership Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Nasdaq insiders own 0.6% of the company, worth about US$342m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. So What Do The Nasdaq Insider Transactions Indicate? Insiders sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Nasdaq makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Nasdaq has 2 warning signs and it would be unwise to ignore them. Of course Nasdaq may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Newly promoted Ligue 1 side Paris FC signs striker Geubbels from St. Gallen
PARIS (AP) — Newly promoted Ligue 1 side Paris FC signed striker Willem Geubbels from Swiss team St. Gallen on a five-year contract on Sunday. Paris FC announced the signing with a video posted on X. No transfer fee was given but French sports daily L'Équipe said Geubbels cost 9 million euros ($10.5 million) with a further 2.5 million euros in eventual bonuses. The 24-year-old Geubbels came through Lyon's famed youth academy but hardly played for the club before joining Monaco. He scored one league goal there and two for Nantes before joining St. Gallen in 2023, where he scored 14 league goals last season. Paris FC has large funds at its disposal since its takeover by France's richest family, the Arnaults of luxury empire LVMH. The energy drink giant Red Bull acquired a minority stake. For the first time in 35 years two Paris-based soccer clubs are in Ligue 1. Furthermore, Paris FC has changed its home stadium since being promoted and will play at Stade Jean-Bouin, which is literally across the street from defending champion Paris Saint-Germain's Parc des Princes stadium. ___
