Streetbeat News

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

47.64

Mkt cap

1.5B

Volume

High

47.90

P/E Ratio

16.31

52-wk high

78.67

Low

46.58

Div yield

0.04

52-wk low

39.90

Wedbush analyst Nick Setyan reiterates an Outperform rating on Papa John's International (PZZA) and maintains a price target of $87.

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Portfolio Pulse from Avi Kapoor

February 29, 2024 | 4:30 pm

Papa John's International, Inc. (NASDAQ:PZZA) shares rose after reporting Q4 adjusted earnings per share of 91 cents, surpassing expectations of 72 cents. However, net sales of $571.32 million fell short of the $577.86 million forecast. Revenues increased by 9% year over year, with North America sales up 2% and International sales down 6%. The company saw 89 net unit openings and reported a 17.5% increase in operating income to $42.6 million. Global system-wide restaurant sales grew by 11% to $1.34 billion, excluding foreign currency impacts. PZZA shares increased by 6.74% to $74.88.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 4:27 pm

Papa John's International reported a slight increase in Q4 comparable sales growth by 0.1%, with a notable 11% rise in global system-wide restaurant sales growth. The report highlights a mixed performance across different segments, with domestic company-owned restaurants showing a 2.2% increase in comparable sales and international restaurants experiencing a 5.5% decline. The year-end figures also reflect a varied performance, with a slight overall decline in comparable sales but a significant improvement in system-wide sales growth.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:03 pm

Papa John's International (PZZA) reported Q4 adjusted EPS of $0.91, surpassing the $0.72 estimate, marking a 26.39% beat and a 28.17% increase from last year's $0.71. However, their Q4 sales of $571.32M fell short of the $577.86M estimate by 1.13%, though it's an 8.57% increase from the previous year's $526.23M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:01 pm

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February 29, 2024 | 11:22 am

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Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

Shaquille O'Neal has announced he will not seek re-election to the board of directors in 2024 but will continue his relationship with the company as a restaurant owner and brand ambassador. This news may impact Papa John's (PZZA), where O'Neal has been involved.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:11 pm

Wall Street analysts have varying success rates in predicting market movements, but Benzinga's Analyst Ratings API curates high-quality stock ratings. Toggle.ai found these ratings can be used as trading indicators. The article highlights five recent stock picks from the most accurate analysts, including upgrades and maintained ratings for GoDaddy (GDDY), Amazon (AMZN), Papa John's (PZZA), L3Harris Technologies (LHX), and SMART Global Holdings (SGH), with expected upsides ranging from 11% to over 13%.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 12:06 pm

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