Papa John’s likely pressured today by results below buy-side bar, says Stephens

Stephens analyst Jim Salera notes Papa John’s (PZZA) North America comps, total revenue, and total development came in below expectations in Q4, but the company did deliver adjusted EBITDA and adjusted EPS that topped consensus expectations. However, today’s results were “likely below the buy-side bar,” which should result in shares being pressured today, adds the analyst in a first look report. The firm has an Overweight rating on Papa John’s shares.