时间:2026-03-22 00:07:07 来源:网络整理编辑:知識
Papa John's International Inc. is poised to perform well as civil and political disruptions ahead of
Papa John's International Inc. is poised to perform well as civil and political disruptions ahead of a contentious U.S. election prompt Americans to stay in rather than eat out, according to KeyBanc Analyst Chris O'Cull.
The analyst upgraded the stock to "overweight" from "sector weight" and upped his price target to $80, which is the highest among analysts surveyed by Bloomberg.
SEE ALSO:Papa John's tumbles on sales miss, tepid profit outlookOn the heels of this upgrade, the stock is up more than 3 percent as of 11:00 a.m. New York time:
Credit: Bloomberg"After speaking with several large operators and industry contacts, we believe the recent decline in casual dining restaurant segment fundamentals—traffic down 3-5 percent the past several weeks—may be the result of consumers eating more at home amid the current political/social backdrop, which we believe could last through the November election," he writes. "We do not believe the consumer has 'entrenched,' but has likely shifted more in favor of convenience, benefiting pizza delivery operators like Papa John's."
While Americans may be bitterly divided on partisan lines, O'Cull thinks inexpensive Italian fare is something that transcends political affiliations.
SEE ALSO:Papa John’s is spending $100 million a year to clean up menuThis temporary trend towards eating in will prompt a wave of upward earnings-per-share revisions among the analyst community, which should buoy the stock.
The company is slated to report earnings after the market closes on Aug. 2.
Luke Kawa, Sebastian Silva and Joshua Fineman contributed to this report.
J.K. Rowling makes 'Harry Potter' joke about Olympics event2026-03-22 00:06
Uber Hourly is like having a personal driver — for an hour2026-03-21 23:56
Dr. Fauci has the perfect reaction to Rep. Jim Jordan's wild questioning2026-03-21 23:54
'Fight Crab' is a bizarre, joyous experiment in crustacean combat2026-03-21 23:09
Daughter gives her 1002026-03-21 22:52
'Ghost of Tsushima' got me to watch streamers. I finally get the hype.2026-03-21 22:32
8 questions to ask about online learning platforms for kids2026-03-21 21:46
'The Crown' casts Lesley Manville as Princess Margaret for Season 52026-03-21 21:22
Mall builds real2026-03-21 21:21
Yandex switches from self2026-03-21 21:20
More than half of women in advertising have faced sexual harassment, report says2026-03-21 23:30
Grandma ordered to delete Facebook photos of grandkids or face fine2026-03-21 23:29
A big shark and a large squid fought in the deep sea2026-03-21 23:24
Netflix's 'Unsolved Mysteries' reboot wants you to crack the case2026-03-21 23:21
U.S. pole vaulter skids to a halt for national anthem2026-03-21 22:42
Sony Xperia 1 II launches in July for *cough* $1,2002026-03-21 22:22
Jenna Marbles and Julien Solomita cancel their podcast2026-03-21 22:17
The 'Wakeout' app makes you feel better about sitting at your desk all day2026-03-21 22:17
We asked linguists if Donald Trump speaks like that on purpose2026-03-21 22:08
Seth Rogen has a blunt method of tackling 'All Lives Matter' commenters on Instagram2026-03-21 21:42