Jefferies lowered the firm’s price target on Papa John’s (PZZA) to $42 from $55 and keeps a Hold rating on the shares after the company pre-announced domestic same-store sales largely in line with expectations in conjunction with the ICR conference. International same-store sales growth of 2.0% surprised, as did unit growth, the analyst added.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PZZA:
- Papa John’s Celebrates 6,000th Restaurant Amid Sales Challenges
- Papa John’s reports preliminary Q4 North America comparable sales down 4%
- Papa John’s sees FY24 North America comparable sales down 4%
- Papa John’s price target lowered to $45 from $56 at UBS
- Papa John’s Will Reenter India in 2025 with an Aggressive Expansion Plan