Papa John'sPZZA
Market Cap: $1.55B
About: Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 5,900 restaurants across nearly 50 countries at the end of 2023. The firm operates a predominantly franchised system, owning 11% of its restaurants and generating revenue from franchise royalties, sales of pizza and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the fourth-largest limited-service pizza chain both in the US and globally, with a sizable presence in the UK, China, South Korea, and Chile.
Employees: 13,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 79
6.99% more ownership
Funds ownership: 114.02% [Q1] → 121.01% (+6.99%) [Q2]
11% less call options, than puts
Call options by funds: $182M | Put options by funds: $204M
14% less funds holding
Funds holding: 277 [Q1] → 239 (-38) [Q2]
25% less capital invested
Capital invested by funds: $2.49B [Q1] → $1.87B (-$614M) [Q2]
48% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 79
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Wedbush Nick Setyan 57% 1-year accuracy 51 / 90 met price target | 9%upside $51 | Outperform Reiterated | 23 Aug 2024 |
Deutsche Bank Lauren Silberman 67% 1-year accuracy 12 / 18 met price target | 4%downside $45 | Hold Maintained | 9 Aug 2024 |
BMO Capital Andrew Strelzik 52% 1-year accuracy 16 / 31 met price target | 39%upside $65 | Outperform Maintained | 9 Aug 2024 |
UBS Dennis Geiger 45% 1-year accuracy 5 / 11 met price target | 0%upside $47 | Neutral Maintained | 9 Aug 2024 |
Piper Sandler Brian Mullan 62% 1-year accuracy 8 / 13 met price target | 7%upside $50 | Neutral Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 5 articles about PZZA published over the past 30 days