KeyBanc Starts Papa John's (PZZA) at Buy; Some GARP-style Investing

KeyBanc initiates coverage on Papa John's (NASDAQ: PZZA) with a Buy. PT $58.00.

Analyst,Christopher O'Cull, said, "We believe PZZA shares are most suitable for GARP-style investors seeking: 1) roughly 17% EPS growth fueled by 7% annual unit growth, positive SRS and 5-6% reduction in share count sourced from $65 million-$75 million in annual free cash flow; 2) high-margin, annuity-like cash flow stream as PZZA is about 84% franchisee owned; and 3) potential upward revisions to EPS and cash flow estimates."

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 $47.73 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
• BMO Capital Resumes Snowline Gold Corp (SGD:CN) (SNWGF) at Outperform
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform