Papa John's (PZZA)

• Market cap: $1.44B
• 1 day: -5.03%
• 5 days: -1.43%
• 1 month: 1.52%
• 3 months: -6.53%
• 6 months: -10.27%
• Year to date: 1.59%
• 1 year: -39.34%
• 5 years: -8.05%
• 10 years: -28.83%
• Sector: Consumer Discretionary
• Industry: Eating Places

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 filings 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

2.69% less ownership

Funds ownership: 127.77% [Q3] → 125.08% (-2.69%) [Q4]

4% less funds holding

Funds holding: 267 [Q3] → 256 (-11) [Q4]

16% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 58

25% less capital invested

Capital invested by funds: $2.25B [Q3] → $1.68B (-$570M) [Q4]

Research analyst outlook

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

• Low target: $42 4% downside
• Avg. target: $53 21% upside
• High target: $60 36% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Stephens & Co. Jim Salera 41% 1-year accuracy 22 / 54 met price target	32% upside $58	Overweight Maintained	3 Mar 2025
Wedbush Nick Setyan 53% 1-year accuracy 52 / 98 met price target	36% upside $60	Outperform Reiterated	28 Feb 2025
Loop Capital Alton Stump 41% 1-year accuracy 9 / 22 met price target	36% upside $60	Buy Maintained	21 Jan 2025
Jefferies Andy Barish 55% 1-year accuracy 6 / 11 met price target	4% downside $42	Hold Maintained	15 Jan 2025
UBS Dennis Geiger 50% 1-year accuracy 11 / 22 met price target	2% upside $45	Neutral Maintained	7 Jan 2025