Wedbush sticks to its buy note for Papa John’s International by Investing.com
Wedbush analyst Nick Setyan maintained a buy rating on Papa John’s International (NASDAQ 🙂 on Monday, setting a price target of $ 106, or about 11.77% above the current share price of $ 94.84.
Setyan expects Papa John’s International to post earnings per share (EPS) of $ 0.29 for the second quarter of 2021.
The current consensus between 7 TipRanks Analysts are for a strong buy rating of Papa John’s International shares, with an average price target of $ 110.86.
Analysts’ price targets range from a high of $ 125 to a low of $ 105.
In its latest earnings report, released 12/31/2020, the company reported quarterly revenue of $ 469.81 million and net profit of $ 25.68 million. The company’s market capitalization is $ 3.12 billion.
According to TipRanks.com, Nick Setyan, Analyst at Wedbush is currently rated with 5 stars on a 0 to 5 star rating scale, with an average performance of 16.9% and a success rate of 63.19%.
Papa John’s International, Inc. operates and franchises pizza delivery and take-out restaurants. It operates in the following segments: National Company Owned Restaurants, North American Commissioners, North American Franchising and International Operations. The Company-Owned National Restaurants segment comprises the activities of all of the Company-owned national restaurants and derives its revenue primarily from the retail sale of pizzas and side dishes, including breadsticks, cheese sticks, poppers and chicken wings, desserts and canned or bottled beverages. The Commissioners segment in North America comprises the activities of regional pulp production and product distribution centers and derives its revenues primarily from the sale and distribution of food and paper products to national restaurants owned by companies and franchisees. in the United States and Canada. The North American Franchising segment comprises franchise sales and support activities and derives its revenues from the sale of franchise and development rights and the collection of royalties from franchisees located in the United States and Canada. The International Operations segment primarily comprises distribution sales to the Papa John’s franchised restaurants located in the UK and the franchise sales and support activities, which derive revenues from the sale of franchise and development rights and from the collection. royalties from international franchisees. The company was founded by John H. Schnatter in 1984 and is headquartered in Louisville, KY.
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