In a report released yesterday, Peter Saleh from BTIG maintained a Buy rating on Papa John’s International (PZZA – Research Report), with a price target of $155.00. The company’s shares closed last Thursday at $105.28.
According to TipRanks.com, Saleh is a 5-star analyst with an average return of 16.0% and a 62.4% success rate. Saleh covers the Services sector, focusing on stocks such as Texas Roadhouse, Domino’s Pizza, and Yum! Brands.
Papa John’s International has an analyst consensus of Strong Buy, with a price target consensus of $139.80, implying a 32.4% upside from current levels. In a report issued on March 30, Northcoast Research also maintained a Buy rating on the stock with a $143.00 price target.
The company has a one-year high of $140.68 and a one-year low of $85.82. Currently, Papa John’s International has an average volume of 479.5K.
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Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The Domestic Company-Owned Restaurants segment consists of the operations of all domestic company-owned restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned or bottled beverages. The North America Commissaries segment consists of the operations of regional dough production and product distribution centers and derives its revenues principally from the sale and distribution of food and paper products to domestic company-owned and franchised restaurants in the United States and Canada. The North America Franchising segment consists of franchise sales and support activities and derives its revenues from sales of franchise and development rights and collection of royalties from franchisees located in the United States and Canada. The International Operations segment principally consists of distribution sales to franchised Papa John’s restaurants located in the United Kingdom and franchise sales and support activities, which derive revenues from sales of franchise and development rights and the collection of royalties from international franchisees. The company was founded by John H. Schnatter in 1984 and is headquartered in Louisville, KY.
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