Papa John’s price target lowered to $60 from $63 at BMO Capital

BMO Capital lowered the firm’s price target on Papa John’s (PZZA) to $60 from $63 and keeps an Outperform rating on the shares. The company’s Q4 EPS of $0.63 exceeded consensus, largely reflecting favorable supply chain profit, but the management also provided 2025 guidance below consensus for unit growth and EBITDA, and while its comp outlook met expectations, BMO sees risk in challenging competitive and consumer backdrop, the analyst tells investors in a research note.