【】
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
Aly Raisman catches Simone Biles napping on a plane like a champion
Simone Biles is exhausted. She won five medals at the Summer Olympics in Rio, posed for selfies with2026-06-27Mac Pro with 1.5TB of RAM tackles Google Chrome and its insatiable lust for memory
Every Google Chrome user knows that, once you open a certain number of tabs — say, four &mdash2026-06-27
Apple's iPhone SE successor will, apparently, be called iPhone SE
Apple's affordable new iPhone and the spiritual successor to the original iPhone SE from 2016, long-2026-06-27
Creatively, a new job platform, launches to help designers and other creatives find work
For designers, illustrators, and photographers, LinkedIn just doesn't cut it. That's why Creatively2026-06-27
Hiddleswift finally followed each other on Instagram after 3 excruciating days
On Aug. 13, 1961, Germany began construction of the Berlin Wall, perhaps the greatest symbol of the2026-06-27Streaming films are eligible for next year's Academy Awards — but there's a catch
With the pandemic decimating the 2020 theatrical release calendar, the Oscars have made an unprecede2026-06-27
最新评论