Blackstone Takes A Bite Out Of Jersey Mike's With $8 Billion Investment [Yahoo! Finance]
Hilton Worldwide Holdings Inc. (HLT)
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am
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Source: Yahoo! Finance
According to CNN, Jersey Mike's Subs has sold a majority stake in its business to private equity firm Blackstone for $8 billion. The sale marks the end of nearly 70 years as an independently owned business. Over the years, the company has become a formidable competitor against established brands like Subway. Don't Miss: Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today! This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things. The investment will support the sandwich chain's plans to accelerate its growth both within the United States and internationally and enhance its focus on technology and digital innovation, the company said in a statement. Jersey Mike's CEO, Peter Cancro, will maintain a significant equity
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HLT
News
- Hilton Worldwide Holdings Inc. (NYSE: HLT) had its price target raised by analysts at Jefferies Financial Group Inc. from $237.00 to $277.00. They now have a "hold" rating on the stock.MarketBeat
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- Hilton Worldwide Holdings Inc. (NYSE: HLT) had its price target raised by analysts at Barclays PLC from $243.00 to $268.00. They now have an "overweight" rating on the stock.MarketBeat
- Hilton Worldwide Holdings Inc. (NYSE: HLT) had its price target raised by analysts at JPMorgan Chase & Co. from $219.00 to $226.00. They now have a "neutral" rating on the stock.MarketBeat
HLT
Earnings
- 10/23/24 - Beat
HLT
Sec Filings
- 12/30/24 - Form 4
- 12/30/24 - Form 4
- 12/30/24 - Form 4
- HLT's page on the SEC website