【】
我要评论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.
相关文章
Researchers create temporary tattoos you can use to control your devices
In the future, your tattoos could be much more than just ink designs. 。Scientists have created a new2026-06-14
New Xiaomi phone will have a 108
Yes, it's probably time to get used to the penta camera (meaning a five-sensor camera) moniker. Xiao2026-06-14Twitter's new ad policy prompts politicians to call out Facebook
Jack Dorsey took a swing at Mark Zuckerberg, and politicians took note. On Wednesday the Twitter CEO2026-06-14We can learn from 'Simpsons' fans yelling about Hank Azaria and Apu
Hank Azaria's done with Apu Nahasapeemapetilon, and there's a lesson in the inevitable backlash that2026-06-14This German startup wants to be your bank (without being a bank)
BERLIN -- “That is f*cking clever,” said Ben Floyd, 33, as we sat in a trendy cafe in Be2026-06-14Programmer arrested by U.S. authorities after North Korea cryptocurrency talk
Programmer Virgil Griffith, known for his project WikiScanner as well as his recent work for the Eth2026-06-14
最新评论