Stephens Maintains Overweight Rating on Papa John’s Despite Operational Challenges
On May 15, Stephens reaffirmed its Overweight rating and $40 price target for Papa John's International (NASDAQ:PZZA), despite ongoing operational challenges such as weak customer traffic and same-store sales declines. The firm cited continued takeover interest from Irth Capital and long-term recovery potential through refranchising efforts and cost savings.
Tickers: $PZZA
Topics: acquisition interest Papa John’s same-store sales decline stock rating