Papa John's Stock Seems To Reflect Tough Year Ahead -- Market Talk

Dow Jones04-22

0755 ET - Papa John's is in for a challenging year, according to Stifel analysts, but investors seem to have already priced that into the stock. The analysts say in a research note that Papa John's is in a tough competitive position in the restaurant category, as consumers look for value. They see Papa John's as lacking a solid message on its value-proposition. They say their checks point to domestic comparable sales falling 1% in 1Q. Despite an unchanged outlook on the company, Stifel analysts upgrade the shares to hold from sell saying "near-term expectations are reasonable." Shares are down nearly 20% in the last three months. They lower their price-target to $60 from $65. Shares are up 1.2% pre-market. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

April 22, 2024 07:55 ET (11:55 GMT)

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Despite an unchanged outlook on the company, Stifel analysts upgrade the shares to hold from sell saying \"near-term expectations are reasonable.\" Shares are down nearly 20% in the last three months. They lower their price-target to $60 from $65. Shares are up 1.2% pre-market. 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The analysts say in a research note that Papa John's is...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4209","symbol_name":"餐馆","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429947452","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429947452","pubTimestamp":1713786900,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0755 ET - Papa John's is in for a challenging year, according to Stifel analysts, but investors seem to have already priced that into the stock. 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