【】

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
Ivanka Trump's unpaid interns share cringeworthy financial advice
Ivanka Trump's interns have some questionable advice for students worried they can't afford an unpai2025-04-04- 加盟皇馬倒計時?姆巴佩家中曝光 已經打包好行李_照片_消息_波切蒂諾www.ty42.com 日期:2022-05-04 07:31:00| 評論(已有343358條評論)2025-04-04
- 登貝萊一月起就在聯係巴黎 他想先明確姆巴佩未來_巴薩_的合同_續約www.ty42.com 日期:2022-05-02 14:31:00| 評論(已有343217條評論)2025-04-04
- 粵媒:譚凱元正在塞爾維亞試訓 暫未簽約球隊_廣州隊_賽季_新星www.ty42.com 日期:2022-05-04 09:01:00| 評論(已有343373條評論)2025-04-04
Over 82,000 evacuate as Blue Cut fire rapidly spreads in southern California
A rapidly spreading wildfire in southern California's Cajon Pass has grown in hot, dry weather, thre2025-04-04- 林加德哥哥噴曼聯:20年血淚不配告別 活該踢歐會_尼克_主場_機會www.ty42.com 日期:2022-05-04 09:31:00| 評論(已有343374條評論)2025-04-04
最新评论