KeyBanc Downgrades Papa John's (PZZA) to Sector Weight

November 18, 2016 7:02 AM EST
Get Alerts PZZA Hot Sheet
Price: $83.83 +0.48%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade PZZA Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

KeyBanc downgraded Papa John's (NASDAQ: PZZA) from Overweight to Sector Weight and removed its price target. Analyst Chris O'Cull thinks its current valuation is reasonable.

"PZZA has reached our price target, and we believe the valuation appropriately reflects investors' expectations for upside to 2017 estimates; therefore, we are moving to a Sector Weight rating. Our SRS and EPS estimates remain unchanged. Our long-term view also remains unchanged —PZZA is likely to continue experiencing mid- to high-teens EPS growth stemming from above-average domestic SRS gains, driven by investments in technology, coupled with greater profit contribution from its burgeoning international segment. Given our positive bias, we would be more constructive on a market-related pullback in shares," said O'Cull.

For an analyst ratings summary and ratings history on Papa John's click here. For more ratings news on Papa John's click here.

Shares of Papa John's closed at $86.92 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Downgrades

Related Entities


Add Your Comment