时间:2026-03-21 22:25:55 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.
Singapore gets world's first driverless taxis2026-03-21 21:32
Staaker may be the smartest extreme sports drone yet2026-03-21 21:29
These teeny tiny tiger cubs will make your heart swell with untamed joy2026-03-21 21:21
'Stranger Things' characters reimagined as waffles2026-03-21 21:02
'The Flying Bum' aircraft crashes during second test flight2026-03-21 20:47
Pope Francis to young people: Don't be a video game2026-03-21 20:34
Now Lenovo has a 132026-03-21 20:31
There is a cat hidden somewhere in this picture of logs2026-03-21 19:57
Is Samsung's Galaxy Note7 really the best phone?2026-03-21 19:51
Justin Timberlake gives inspirational speech stressing diversity, honoring Muhammad Ali2026-03-21 19:41
Hiddleswift finally followed each other on Instagram after 3 excruciating days2026-03-21 22:00
LG announces first phone to ship with Android Nougat, but doesn't show it2026-03-21 21:37
How to stay calm while playing phone tag with a recruiter2026-03-21 21:16
Serbian artist's drawings aren't 3D, but they sure do look like it2026-03-21 20:47
Visualizing July's astounding global temperature records2026-03-21 20:27
Social media companies struggle with the financials of internet stardom2026-03-21 20:12
How to watch the Samsung Galaxy Note 7 'Unpacked' livestream2026-03-21 20:10
Staaker may be the smartest extreme sports drone yet2026-03-21 19:58
Darth Vader is back. Why do we still care?2026-03-21 19:56
Pope Francis to young people: Don't be a video game2026-03-21 19:49