Papa John's (PZZA)

• Market cap: $1.02B
• 1 day: 0.39%
• 5 days: -4.42%
• 1 month: -33.57%
• 3 months: -13.47%
• 6 months: -43.34%
• Year to date: -28.00%
• 1 year: -48.88%
• 5 years: -52.16%
• 10 years: -49.07%
• Sector: Consumer Discretionary
• Industry: Restaurants

About: Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 6,000 restaurants across nearly 50 countries at the end of 2024. The firm operates a predominantly franchised system, owning 9% 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 globally and third in the US (Euromonitor International), with a sizable presence in the UK, China, South Korea, and Chile.

Employees: 11,400

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

182% more call options, than puts

Call options by funds: $152M | Put options by funds: $54M

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

10% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 82

2.55% less ownership

Funds ownership: 127.59% [Q3] → 125.04% (-2.55%) [Q4]

4% less funds holding

Funds holding: 267 [Q3] → 255 (-12) [Q4]

17% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 58

25% less capital invested

Capital invested by funds: $2.24B [Q3] → $1.68B (-$567M) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 22% upside
• Avg. target: $54 73% upside
• High target: $60 93% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Stifel Chris O'Cull 42% 1-year accuracy 14 / 33 met price target	22% upside $38	Hold Maintained	15 Apr 2025
Stephens & Co. Jim Salera 28% 1-year accuracy 14 / 50 met price target	86% upside $58	Overweight Maintained	3 Mar 2025
Wedbush Nick Setyan 36% 1-year accuracy 33 / 92 met price target	93% upside $60	Outperform Reiterated	28 Feb 2025
Loop Capital Alton Stump 40% 1-year accuracy 10 / 25 met price target	93% upside $60	Buy Maintained	21 Jan 2025