Benchmark lowered the firm’s price target on Papa John’s (PZZA) to $50 from $65 and keeps a Buy rating on the shares. The firm is cleaning up prior modelling to reflect the new segment reporting structure that Papa adopted with Q4 results, as well as taking a more conservative view on domestic systemwide same-store sale results for both Q1 and Q2, the analyst tells investors ahead of earnings.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PZZA:
- Papa John’s price target lowered to $38 from $40 at Stifel
- Papa John’s (PZZA) Partners with Google Cloud to Improve Customer Experience with AI
- Papa John’s price target lowered to $40 from $45 at Stifel
- Papa John’s CEO: Our value proposition is working
- Papa John’s Updates Investor Presentation Post FY 2024 Earnings