Boston Pizza Royalties

BPF.UN-T

Analysis and Opinions about BPF.UN-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 26, 2019
There’s a broader industry trend in casual dining. It’s tougher for restaurants to make money. Trends are going towards delivery services and restaurants should use these to be competitive. However, there is a hit on the margin because there isn’t alcohol sales when delivered. Maybe the concept is a little tired.
There’s a broader industry trend in casual dining. It’s tougher for restaurants to make money. Trends are going towards delivery services and restaurants should use these to be competitive. However, there is a hit on the margin because there isn’t alcohol sales when delivered. Maybe the concept is a little tired.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$14.050
Owned
No
DON'T BUY
DON'T BUY
March 18, 2019
The concern is the 8.2% yield at 85% payout. It may be sustainable. Earnings estimates have been shaved by 2% in the last 90 days. Growth is forecast to drop. It is 5 times PE to Growth next year so he prefers others.
The concern is the 8.2% yield at 85% payout. It may be sustainable. Earnings estimates have been shaved by 2% in the last 90 days. Growth is forecast to drop. It is 5 times PE to Growth next year so he prefers others.
Robert McWhirter
President, Selective Asset Management
Price
$16.960
Owned
Unknown
DON'T BUY
DON'T BUY
February 8, 2019
It pays an 8% yield but has fallen more than that the past year. The trend says lower lows and lower highs. Not attractive. It's approaching and reacting to its 200-day moving average.
It pays an 8% yield but has fallen more than that the past year. The trend says lower lows and lower highs. Not attractive. It's approaching and reacting to its 200-day moving average.
Jon Vialoux
Research Analyst, CastleMoore Inc.
Price
$17.020
Owned
Unknown
DON'T BUY
DON'T BUY
January 17, 2019
It was one of the original restaurant royalty income companies. They have expanded quite rapidly. Their same store sales growth has been slowing and their payout ratio is slightly over 100%. He prefers to own the whole company and see it reinvesting in the business.
It was one of the original restaurant royalty income companies. They have expanded quite rapidly. Their same store sales growth has been slowing and their payout ratio is slightly over 100%. He prefers to own the whole company and see it reinvesting in the business.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$16.960
Owned
No
DON'T BUY
DON'T BUY
November 15, 2018
It is an okay company but same store sales growth is anemic. He prefers AW.UN-T. BPF.UN-T is okay for income but not for growth.
It is an okay company but same store sales growth is anemic. He prefers AW.UN-T. BPF.UN-T is okay for income but not for growth.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$16.380
Owned
Unknown
DON'T BUY
DON'T BUY
March 26, 2018

He has a small short on this. He is not worried about the sustainability of the dividend as this used to trade as a royalty income fund as all the cash flow is paid as dividends. Overall he sees mid-sized Canadian consumer companies at risk in general, especially if the real estate market rolls over. Yield 7%.

He has a small short on this. He is not worried about the sustainability of the dividend as this used to trade as a royalty income fund as all the cash flow is paid as dividends. Overall he sees mid-sized Canadian consumer companies at risk in general, especially if the real estate market rolls over. Yield 7%.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$19.850
Owned
No
COMMENT
COMMENT
August 2, 2017

Good distribution. His main concern is that this would be a little more sensitive to an economic downturn because receipts for company like this are going to be higher than something like an A&W. He would be fine with this holding. 6.2% dividend yield.

Good distribution. His main concern is that this would be a little more sensitive to an economic downturn because receipts for company like this are going to be higher than something like an A&W. He would be fine with this holding. 6.2% dividend yield.

Ryan Modesto
Managing Partner, 5i Research
Price
$22.300
Owned
Unknown
HOLD
HOLD
May 26, 2017

Pizza companies do have different structures. Sometimes they are owners, and sometimes they are franchises. He thinks this is a good, long term hold. Good dividend.

Pizza companies do have different structures. Sometimes they are owners, and sometimes they are franchises. He thinks this is a good, long term hold. Good dividend.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$22.730
Owned
No
BUY
BUY
September 9, 2016

(Market Call Minute.) He likes the restaurant business. (See Top Picks.)

(Market Call Minute.) He likes the restaurant business. (See Top Picks.)

Norman Levine
Managing Director, Portfolio Management Corp
Price
$21.520
Owned
Unknown
HOLD
HOLD
July 27, 2016

(Market Call Minute.) If it pulled back, it would be something he would add to.

(Market Call Minute.) If it pulled back, it would be something he would add to.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$21.060
Owned
Unknown
BUY
BUY
May 25, 2016

This is a pretty good entry point. If you can be patient, pick away at it through the summer, which might be a good way to accumulate a position.

This is a pretty good entry point. If you can be patient, pick away at it through the summer, which might be a good way to accumulate a position.

Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$18.500
Owned
Unknown
COMMENT
COMMENT
April 8, 2016

Boston Pizza Royalties (BPF.UN-T) or Brookfield Property Partners (BPY.UN-T)? 2 very disparate companies. This one has a very strong yield. As a royalty, it pays out a lot of its earnings back to investors, while the other has not as big a dividend, but has more room to grow it. He would tend to own the one that has the opportunity to grow its earnings, which is probably going to win most of the time. If he had to pick one of the 2, he would go with Brookfield.

Boston Pizza Royalties (BPF.UN-T) or Brookfield Property Partners (BPY.UN-T)? 2 very disparate companies. This one has a very strong yield. As a royalty, it pays out a lot of its earnings back to investors, while the other has not as big a dividend, but has more room to grow it. He would tend to own the one that has the opportunity to grow its earnings, which is probably going to win most of the time. If he had to pick one of the 2, he would go with Brookfield.

Brendan Caldwell
President, Caldwell Securities
Price
$18.480
Owned
No
PARTIAL SELL
PARTIAL SELL
January 11, 2016

It is difficult to predict where the consumer is going to channel their preferences. With a slowdown, consumer sensitive stocks have more risk than they ever have. He would consider trimming your position.

It is difficult to predict where the consumer is going to channel their preferences. With a slowdown, consumer sensitive stocks have more risk than they ever have. He would consider trimming your position.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$17.200
Owned
No
DON'T BUY
DON'T BUY
September 11, 2015

Had a very soft quarter. A big chunk of their business comes out of Alberta and sales have been slow in that part of the country. Wait on the sidelines until you see what happens in the Alberta market. (See Top Picks.)

Had a very soft quarter. A big chunk of their business comes out of Alberta and sales have been slow in that part of the country. Wait on the sidelines until you see what happens in the Alberta market. (See Top Picks.)

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$17.560
Owned
Unknown
BUY
BUY
May 14, 2015

He is very comfortable with it and has a yield over 6.5%.

He is very comfortable with it and has a yield over 6.5%.

Allan Meyer
VP & Portfolio Manager, Wickham Investment Counsel
Price
$21.650
Owned
Unknown
Showing 1 to 15 of 58 entries