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PZZA

Papa John's International, Inc.

https://www.papajohns.com

Industry

Restaurants

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The company also operates dine-in and delivery restaurants under the Papa John's trademark internationally. As of December 26, 2021, it operated 5,650 Papa John's restaurants, which included 600 company-owned and 5,050 franchised restaurants in 50 countries and territories. The company was founded in 1984 and is based in Louisville, Kentucky.

Open

45.55

Mkt cap

1.5B

Volume

410K

High

46.20

P/E Ratio

17.89

52-wk high

71.71

Low

45.17

Div yield

0.04

52-wk low

35.28

Papa John's International, Inc (NASDAQ:PZZA) reported a 2.4% Y/Y increase in Q3 FY23 revenue to $522.8 million, missing the consensus of $530.50 million. Adjusted EPS was $0.53, down from $0.54 in 3Q22, also missing the consensus of $0.57. The company opened 45 net units in the quarter, driven by international growth. However, PZZA is scaling back its 2023 expansion strategy due to the dynamic geopolitical environment, lowering its development expectations to 245-260 net new units from the previous 270-310. PZZA shares are trading lower by 4.17%.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 5:45 pm

Papa John's International reported a 3% increase in Q3 North America comparable sales and a 5% year-on-year increase in global system-wide restaurant sales, which reached $1.23 billion.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:10 am

Papa John's International reported Q3 earnings of $0.53 per share, missing the analyst consensus estimate of $0.57 by 7.02%. This is a 1.85% decrease from the same period last year. The company also reported quarterly sales of $522.81 million, missing the analyst consensus estimate of $530.50 million by 1.45%. This is a 2.41% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:08 am

Wedbush analyst Nick Setyan has downgraded Papa John's International (NASDAQ:PZZA) from Outperform to Neutral and announced a $95 price target.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:15 pm

Over the past 3 months, 8 analysts have published their opinion on Papa John's International (NASDAQ:PZZA) stock. The company has an average price target of $86.38 with a high of $95.00 and a low of $71.00. The average price target has increased by 7.97% over the past month.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 6:00 pm

The article discusses the history of Bitcoin (BTC) since its inception in 2009 by Satoshi Nakamoto. It highlights key events such as the first-ever recognized Bitcoin transaction on PayPal Holdings Inc (NASDAQ:PYPL) and the famous Bitcoin-pizza transaction involving Papa John’s International Inc (NASDAQ:PZZA). The article also provides hypothetical scenarios of the returns if one had invested $1,000 in Bitcoin during these early transactions. It concludes with the current market capitalization of Bitcoin, which is over $500 billion.

Portfolio Pulse from Chris Katje

October 16, 2023 | 5:33 pm

Wedbush analyst Nick Setyan has upgraded Papa John's International Inc (NASDAQ:PZZA) to Outperform from Neutral, raising the price target from $80 to $95. Despite a Q2 FY23 revenue decline of 1.6% Y/Y to $514.53 million, Setyan believes in the company's strategies of menu innovation, effective revenue management, and promotional activity. He expects improved near- to medium-term same-store sales growth, potential for margin expansion, and annualized system sales growth in the medium- to longer-term.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 6:13 pm

Several companies have had their ratings upgraded, downgraded, or initiated by various financial institutions. Upgrades include Eos Energy Enterprises, Papa John's International, MercadoLibre, Aramark, Vale, and AppFolio. Downgrades include Allot, British American Tobacco, Hersha Hospitality Trust, Dollar General, PagerDuty, Acer Therapeutics, and Kanzhun. New coverage was initiated for Ferguson, Camping World Holdings, Confluent, Veeco Instruments, Chicago Atlantic Real Estate Finance, Ecolab, P3 Health Partners, and Alamo Group.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 3:00 pm

Papa John's International (NASDAQ:PZZA) has received various analyst ratings in the last quarter, with 2 bullish, 4 somewhat bullish, and 3 indifferent. The average price target is $90.11, indicating an upside from the current price of $75.7. This average has increased by 12.64% from the previous average price target of $80.00.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 12:00 pm

Several analyst forecasts were released on Friday, with price target changes for multiple companies. Notable changes include Needham raising the price target for Ciena Corporation from $50 to $60, Telsey Advisory Group cutting Dollar General Corporation's price target from $185 to $145, and Keybanc boosting the price target for Broadcom Inc. from $940 to $1000. Other companies affected include AppFolio, Kanzhun Limited, Lululemon Athletica, Aramark, PagerDuty, Papa John's International, Dell Technologies, and SentinelOne.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 11:57 am

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