Analysts target price
As of February 24, 2016, Papa John’s International (PZZA) was trading at $59.60. In this article, we’ll discuss the analysts’ revised estimates and recommendations following the release of the company’s 4Q15 results.
As of February 24, 2016, Wall Street analysts have estimated a target share price of $69.50 over the next 12 months, which represents a return potential of 16.6% from the current $59.60. On the higher side, Peter Saleh from BTIG has estimated that prices will touch $78, and on the lower side, Mark E. Smith from Feltl & Company has forecast $58.
Earlier in November 2015, Peter Saleh commented that the technological advancements that Papa John’s has implemented could help the restaurant chain attract young customers. Also, as digital technologies are very expensive to implement, it would be difficult for many independent restaurants to opt for them.
According to a Bloomberg survey of eight analysts, 75% have “buy” recommendations and 25% have “hold” recommendations. The share prices of PZZA move in tandem with analysts’ recommendations. As the analysts raise their next-12-month target price, share prices of the stock may also increase, and vice versa.
You can gain exposure to Papa John’s (PZZA) by investing in the iShares Russell 2000 ETF (IWM), which has invested 0.1% of its portfolio in PZZA. IWM has also invested 0.2% in Buffalo Wild Wings (BWLD), 0.18% in Texas Roadhouse (TXRH), and 0.17% in The Cheesecake Factory (CAKE).