PZZA Stock Dips 5% Amid Mixed Analyst Ratings and Industry Trends

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Nov 15, 2024
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Papa John's International, Inc. (PZZA, Financial) experienced a significant stock price decline of 5.01%, trading at $46.68 with a trading volume of 453,759 shares and a turnover rate of 1.39%. The stock exhibited a price fluctuation amplitude of 6.24%.

The latest financial report shows that Papa John's reported revenues of $507 million, a net profit of $41.81 million, and earnings per share of $1.28. The company's gross profit stood at $78.78 million, and it holds a price-to-earnings (P/E) ratio of 16.17.

In terms of analyst ratings, of the 20 institutions that provided ratings, 50% recommend buying the stock, while the other 50% recommend holding. Notably, no institution advised selling the stock.

Within the broader restaurant industry, the overall decline was 1.72%. Among related stocks, Red Robin, Cava Group, Inc., and CB Country Stores showed significant gains. Meanwhile, Domino's Pizza, Cava Group, Inc., and CB Country Stores were notably active with turnover rates of 3.34%, 2.11%, and 2.06% respectively. Stocks like Yoshiharu Global Co., Xiang Song International, and Reborn Coffee, Inc. exhibited higher volatility, with amplitudes of 12.82%, 11.18%, and 7.96% respectively.

Papa John's operates thousands of pizza carryout and delivery restaurants globally. More than half of its North American restaurants are franchised, contributing a 5% royalty fee to the company. Franchisees in the U.S. source their ingredients through the company's Quality Control Center, while outside the U.S., these operations are handled by franchisers or third parties.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.