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Papa John’s: Stifel Upgraded the Stock to ‘Hold’

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Mar. 27 2019, Updated 12:27 p.m. ET

Stifel’s upgrade

On March 27, Stifel upgraded Papa John’s (PZZA) from “sell” to “hold” and increased its 12-month target price to $45 from $35. The new target price represents a fall of 8.6% from its closing price of $49.23 on March 26.

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Other analysts’ recommendations

Among the seven analysts that cover Papa John’s, 57.1% recommended a “buy,” while 42.9% recommended a “sell.” Analysts have given Papa John’s a 12-month average target price of $52, which represents an upside potential of 5.6% from its stock price of $49.23 on March 26.

Peer comparisons

Among the 22 analysts that cover Yum! Brands (YUM), 36.4% recommended a “buy,” 54.5% recommended a “hold,” and 9.1% recommended a “sell.” Analysts’ average 12-month target price was $97.65, which implies a fall of 1.1% from its stock price of $98.75 on March 26.

Among the 22 analysts following Domino’s Pizza (DPZ), 68.2% recommended a “buy,” while 31.8% recommended a “sell.” Analysts’ average 12-month target price was $289.70, which implies a return potential of 18.1% from its stock price of $245.40 on March 26.

Analysts’ estimates

Analysts expect Papa John’s to post revenues of $1.51 billion in 2019, which represents a fall of 3.7% from its revenues in 2018. For the same period, the company’s EPS is expected to fall 17.7% to $1.10.

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