Latest news with #Frisch
CNBC
2 days ago
- Business
- CNBC
Evercore ISI says this beat-down fintech stock can stage a recovery rally
Evercore ISI turned bullish on Block , citing enough positive indicators on business fundamentals despite a rough patch for shares. Analyst Adam Frisch upgraded shares of the financial technology platform to outperform from in line and hiked his price target by $17 to $75. Frisch now expects shares can jump 21.4% over Monday's close. One driver of the upgrade is that the Cash App platform won't be as aggressive on lending as originally expected following first-quarter earnings. Frisch initially believed that lending could be used to offset lower numbers, but conversations with contacts soothed those concerns. He noted that the company doesn't absorb all of the losses as they are diversified within a broader group of investors. "When we heard mgmt talk about their plans to increase lending to new consumers in new states and with higher limits on the 1Q25 earnings call, we admittedly got very worried that the strategy to get more aggressive on lending to offset lower spending levels would lead to significant losses in 2H25 and potentially beyond," Frisch wrote to clients in a Tuesday note. "However, we were left more positive after speaking to management about XYZ's various funding sources across its lending portfolio." Frisch also said the lower-end consumer is showing steady spending trends despite macroeconomic uncertainty. Additionally, he said new product releases can aid growth going forward and noted that valuation is still attractive despite the stock's recent pop. With this call, Frisch is in the majority of Wall Street analysts with buy-equivalent ratings, according to LSEG. His price target also went from below to above average, per the market data provider. XYZ YTD mountain Block in 2025 Block shares added more than 3% in Tuesday's premarket. Despite a bounce of more than 5% last week, the stock has still plunged more than 27% in 2025.
Yahoo
10-05-2025
- Yahoo
Woman arrested for animal cruelty in St. Landry Parish
ST. LANDRY PARISH, La. (KLFY) — In St. Landry Parish, more than a dozen animals are safe and receiving proper care after their owner was arrested on multiple counts of animal cruelty. Parish President Jessie Bellard shared what kinds of animals were rescued and the cruel conditions they were living in. 'Horses, cows, there's goats, there's sheep and hogs and chickens and everything else.' Bellard said. 'Everything was just in mud, and they didn't have nothing. They're very skinny. Malnutrition. Haven't gotten the proper vet care.' The woman arrested is Khouri Frisch who Bellard said has been the subject of multiple complaints over the past few months. Frisch, who owned a business involving the animals, is alleged to have kept them in a muddy area with little to no food or water. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Jody Mosser, Frisch's neighbor, said he has repeatedly reached out to authorities regarding the poor conditions the animals were kept in. 'And the conditions never improved. They just kept adding animals and adding animals.' Mosser said. With continued complaints and proper evidence, Bellard said parish investigators were able to arrest Frisch and bring all the animals to a safe shelter where they can receive the care they need. 'We've charged her with 14 counts of cruelty, one count of aggravated cruelty, which is a felony.' Bellard said. 'If you're going to have animals and you want to do this type of work, then you've got to care for them. And this is not the proper place. It's not the proper shelter. And if you don't give the proper care, people are going to complain and we're going to do our job.' Frisch was booked into the St. Landry Parish Jail. Breaux Bridge family seeks justice after fatal hit and run Showers Over the Mother's Day Weekend, Next Week Will Be Hotter & Drier… Woman arrested for animal cruelty in St. Landry Parish Women's & Children's Hospital start construction May 12 Bessent urges Congress to act on debt limit by mid-July Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
02-05-2025
- Business
- Globe and Mail
PayPal Holdings (PYPL) Gets a Hold from Evercore ISI
In a report released yesterday, Adam Frisch from Evercore ISI maintained a Hold rating on PayPal Holdings (PYPL – Research Report), with a price target of $65.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Frisch is a 2-star analyst with an average return of 15.7% and a 100.00% success rate. Frisch covers the Technology sector, focusing on stocks such as Shift4 Payments, Block, and Toast Inc. In addition to Evercore ISI, PayPal Holdings also received a Hold from UBS's Timothy Chiodo in a report issued yesterday. However, on the same day, Barclays maintained a Buy rating on PayPal Holdings (NASDAQ: PYPL). Based on PayPal Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.79 billion and a net profit of $1.29 billion. In comparison, last year the company earned a revenue of $7.7 billion and had a net profit of $888 million Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year. Most recently, in February 2025, Gail Mcgovern, a Director at PYPL sold 2,446.00 shares for a total of $176,478.90.
Yahoo
01-05-2025
- Business
- Yahoo
Legal battle brews between Big Boy and Frisch's; And, Who's Dolly?
For years, Frisch's has been a staple in the Miami Valley, but then the restaurant got behind on rent and closed dozens of locations. Now, Frisch's is in a big legal battle with Big Boy, and Dolly's Burgers and Shakes are popping up in the former Frisch's restaurants. Dolly's recently opened in Hamilton, and Richard Shroeder was there for breakfast and returned. 'I'm here for dinner and I'll be coming as many times as I feel like it.' Shroeder is comfortable at the restaurant. He and his wife, Carol, of 58 years, often came to this place when it was Frisch's. 'They had good coconut cream pie. Good fish sandwich, too,' Schroeder said. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks], TRENDING STORIES: Sergeant fired after sexual misconduct allegations could get job back; city to appeal decision Student says school has gone months without teaching math; school says math 'looks different' The reason dandelions have taken over the Miami Valley But Frisch's closed, and Dolly's moved in. News Center 7's Gabrielle Enright sat down with Tamer Afr, who is the CEO of Big Boy Restaurant Group and owns Dolly's Burgers and Shakes. He said, 'At the time, seeing what was really happening to the brand in this market was really sad.' Afr's company owns the rights and trademark rights for the Big Boy brand everywhere in the world except Indiana, Kentucky, Ohio, and Tennessee. Those four states are Frisch's territory. When Frisch's got behind on rent, its landlord evicted dozens of restaurants. The company announced that two long-time Frisch's managers have acquired multiple locations. The Frisch's website shows that there are 31 locations, including three in the Miami Valley. Those restaurants are located in Sidney, Springfield, and Richmond, Indiana. Afr said Big Boy Restaurant Group terminated Frisch's brand and brand image rights. However, a judge granted Frisch's a temporary restraining order, allowing it to keep using the name for now. According to Afr, Big Boy wanted to come to the Miami Valley but needed a new name. 'So, that's why there are Big Boys in some places, and Dolly's in others. Some people may be wondering who Dolly is. 'She is a character in the Big Boy comics,' Afr said. First published in 1956, The Adventures of Big Boy often featured the bubbly blonde alongside Big Boy. Some have called Dolly, Big Boy's girlfriend and if they are a couple, are they still together, did they break up, or did the breakup? News Center 7 found a poster calling Dolly more than a sidekick and a character who could stand on her own. 'I think we're going to learn a lot more about Dolly in the near future. There's more to Dolly than we know,' Afr said. Hoping for a love story, customers like Shroeder hope Dolly and Big Boy are a couple. 'Oh, I love love. I had the best love of all,' he said. Shroader's wife, Carol, died in 2020. 'When we got married, I knew I would take care of her as long as I could. And that's what I did until we both got sick,' he said. Shroeder now comes to Dolly's for comfort food, and that reminds him of Carol. 'I think we have some similarities because again, the initial license and recipes came from us,' Afr said. News Center 7 reached out to Frisch's, and a spokesperson said they could not talk about the ongoing court battle. As for Dolly's Burgers and Shakes, Afr said we should expect to see more restaurants. 'The goal was originally to save the brand from being tarnished, and that's why we signed originally for the 55ish locations, 'Afr said. He wants to add more, and that the blonde is here to stay. [SIGN UP: WHIO-TV Daily Headlines Newsletter] Dolly's is hiring now for these Dayton area locations: Kettering, Huber Heights, Wilmington Pike, Fairborn, Xenia, and Englewood. Of those, Englewood will be the first to open but no timeline has been set. The application link is The following is a statement from Frisch's: 'At Frisch's Big Boy, our focus remains on delivering great food and memorable experiences across our 31 locations in the tradition our guests have loved for generations. Our priority continues to be serving our communities with the quality, hospitality and value they expect from Frisch's.'
CNBC
25-04-2025
- Business
- CNBC
38-year-old turned his New York apartment into a 'spice warehouse'—now his company brings in $8 million a year
When Ethan Frisch first tasted wild-grown cumin hand-picked in Afghanistan's Hindu Kush mountains in 2012, he was shocked. A former chef who once worked in a Michelin-starred restaurant in New York, Frisch traveled rural Afghanistan as an infrastructure program coordinator for the Aga Khan Development Network, a group of agencies that support rural development, health and education initiatives throughout Asia and Africa. The quality of the spices he encountered — even at small markets and roadside restaurants — blew him away. "I thought I knew my way around a spice cabinet. And then I realized that there was a whole world of spices that I had not had access to, that were not really being imported to the U.S.," says Frisch, 38. The wild-grown cumin inspired Frisch and his longtime friend Ori Zohar, 39, to co-found New York-based Burlap & Barrel, which sells kitchen spices sourced directly from small-scale farmers around the world. Each man chipped in around $20,000 to launch the company in 2016, they say: Frisch emptied his life savings, and Zohar, a serial entrepreneur, pulled his money from a mortgage tech startup he was business has been profitable since Day 1, says Frisch. It grew its annual gross revenue from roughly $100,000 in its first full year to nearly $8 million in 2024, according to documents reviewed by CNBC Make It. Sourcing directly from farmers is the key, says Frisch. For the three years he worked in Afghanistan, he spent his free time using his international development contacts to build a network of small-scale farmers, in countries ranging from Guatemala to Zanzibar. The business model allows Burlap & Barrel to skip markups from the industry's brokers and middlemen, while paying the farmers anywhere from double to more than 10 times what they'd typically receive for their crops, Frisch says. $40,000 in startup funds may sound like a lot of money, but Frisch and Zohar — who serve as co-CEOs — felt financially pressured by the costs of travel and spice acquisition, they say. Instead of renting office space, they worked from Frisch's Queens apartment, which he'd managed to register as a "spice warehouse" with the U.S. Food & Drug Administration. "We went to IKEA [and] bought shelving. We made a packing area, a storage area and a shipping area. We really transformed his entire living room into a spice production facility," says Zohar, noting that whenever he left Frisch's apartment, his clothes smelled so strongly of spices that they inevitably "had to go through the wash." Frisch and Zohar didn't take salaries until 2018, with Frisch surviving on unemployment benefits and "living on scrambled eggs" as they sold mostly to restaurants around New York, he says. The co-founders took minimum-wage salaries in 2018 before ramping up to more livable wages the following year, they say. When the Covid-19 pandemic arrived, they worried they'd be out of business: Restaurants were their biggest source of revenue. Instead, at-home cooks splurged on $10 jars of high-end spices from Burlap & Barrel's website to step up their culinary game with fancy restaurants shuttered. A Bon Appetit review of the brand's Vietnamese cinnamon in February 2020 helped, Frisch notes. "By May, home cooks had more than made up for the sales that we had lost from restaurants," says Zohar, adding that Burlap & Barrel ultimately brought in roughly $3 million in 2020 sales. The company now packs and ships all of its spices from warehouses in Las Vegas and Hagerstown, Maryland. Burlap & Barrel has landed partnerships with chefs like Martha Stewart and Marc Murphy, and placement on FX's television show "The Bear." The company appeared on an April 2023 episode of ABC's "Shark Tank" — an idea the co-founders credit to Zohar's mother, an "avid" viewer of the show — which sent its website traffic "through the roof" before the episode finished airing, Zohar says. Burlap & Barrel faces a few obstacles to its continued expansion. One is its price point: Burlap & Barrel products cost roughly the same as comparable items from other luxury spice providers like Diaspora Co. and Evermill, but noticeably more than basic grocery store spices. A 1.8-ounce jar of Burlap & Barrel's bestselling Royal Cinnamon costs $9.99, while a 4-ounce container of cinnamon from food giant McCormick & Company costs just $6.66 on Amazon. Eventually, Frisch and Zohar will run out of potential new customers willing to pay the upcharge, particularly with many Americans wary of rising grocery costs, they note. A potential solution, they say, is to sell products beyond kitchen spices. Burlap & Barrel typically launches 50 new products each year, which last year included a line of single-origin sugars and a partnership with the Jane Goodall Institute on jars of honey from Tanzania. Another challenge lies in the U.S. tariffs announced by President Donald Trump on April 2. Burlap & Barrel sources spices from a variety of countries named in Trump's initial policy announcement, which is now in the middle of a 90-day pause and currently replaced by a baseline 10% tariff on all imported goods. If Trump's original rates go into effect in July, Burlap & Barrel could pay a 46% import rate on spices from Vietnam, or a 26% rate on products from India. The company plans to absorb any added tariff costs for the foreseeable future, Frisch says. But the uncertainty made the co-founders recalculate their expectations for 2025: Instead of forecasting 10% revenue growth over last year, they now hope to merely match 2024's sales figures, they say. Burlap & Barrel would still turn a profit with that result, adds Zohar. Longer-term, the co-founders remain optimistic, they say. If the tariffs get rolled back, they can resume business as usual. If the U.S. economy suffers, whether from tariff fallout or inflation, more people could skip eating out at restaurants in favor of staying home and cooking for themselves, they predict. "We're expecting to grow a lot in the next few years," says Zohar, adding: "The spices in your grocery store are stale and unimpressive."
