UPDATE: Loop Capital Starts Papa John\'s (PZZA) at Buy

October 5, 2021 4:12 PM EDT
Get Alerts PZZA Hot Sheet
Price: $122.39 -2.38%

Rating Summary:
    20 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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(Updated - October 5, 2021 4:29 PM EDT)

Loop Capital analyst Alton K. Stump initiates coverage on Papa John\'s (NASDAQ: PZZA) with a Buy rating, PT $128.00.

The analyst comments "PZZA’s comps were already starting to recover under new management before the pandemic. Before the outbreak of COVID-19 in March 2020, PZZA’s sales were already starting to recover under the new leadership of CEO Rob Lynch. According to our franchisee contacts, Mr. Lynch’s greatest contribution during the early stage of his leadership at Papa John’s was in rapidly accelerating the company’s innovation pipeline and using customer data to drive the concept’s marketing and advertising strategies far more effectively in comparison to PZZA’s previous regime."

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 $126.45 yesterday.

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