【】

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:

"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
Olympic security asks female Iranian fan to drop protest sign
Olympic security personnel questioned a female Iranian volleyball fan Saturday when she showed up fo2025-04-032018 Golden Globe nominations: See full list
The 2018 Golden Globe nominations were announced this morning, and -- as per usual when it comes to2025-04-03How Rian Johnson feels about that 'Star Wars: The Last Jedi' backlash
Star Wars: The Last Jedidirector Rian Johnson has responded to his film's polarized responses, and w2025-04-03- Europe continues to be a giant pain in Facebook's app. Germany and France this week both hammered Fa2025-04-03
PlayStation Now game streaming is coming to PC
Sony's PlayStation Now service is launching for Windows PC, meaning subscribers will soon be able to2025-04-03Google rolls out Assistant to tablets and Android Lollipop phones
Google is rolling out its personal AI Google Assistant to users with phones running older versions o2025-04-03
最新评论