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

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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

Wedbush analyst Nick Setyan has upgraded Papa John's International (NASDAQ:PZZA) from Neutral to Outperform and raised the price target from $80 to $95.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:28 am

Stephens analyst Joshua Long reiterated an Overweight rating on Papa John's International, Inc. (NASDAQ:PZZA) with a price target of $90. The analyst revised 3Q23E adjusted EPS estimate from $0.60 to $0.57 and 3Q23E EBITDA from $54.5 million to $53.2 million. The company's efforts to rebuild service, innovation, and execution capabilities in partnership with franchise operators were highlighted. The recent appointment of a new CFO and Chief Marketing Officer is expected to be beneficial in the long run. The company's shares are currently trading lower by 1.33% at $76.38.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 5:21 pm

Stephens & Co. analyst Joshua Long has reiterated an Overweight rating on Papa John's International (NASDAQ:PZZA) and maintained a $90 price target.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 10:50 am

Benchmark analyst Todd Brooks has reiterated a 'Buy' rating on Papa John's International (NASDAQ:PZZA) and maintained a price target of $95.

Portfolio Pulse from richadhand@benzinga.com

August 07, 2023 | 1:47 pm

Stephens & Co. analyst Joshua Long has reiterated an Overweight rating on Papa John's International (NASDAQ:PZZA) and maintained a $90 price target.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 3:04 pm

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