Papa John's International Bolsa (NASDAQ: PZZA)

Papa John's International (NASDAQ:PZZA) Bolsa

PAPA JOHN'S INTL INC

Papa John's International

Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 6,000 restaurants across nearly 50 countries at the end of 2024. The firm operates a predominantly franchised system, owning 9% of its restaurants and generating revenue from franchise royalties, sales of pizza and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the fourth-largest limited-service pizza chain globally and third in the US (Euromonitor International), with a sizable presence in the UK, China, South Korea, and Chile.

News

General

PZZA

Papa John&#39;s (PZZA) reporta un crecimiento del 7 % en sus ventas del cuarto trimestre de 2024, superando estimaciones.

Acciones de Papa John&#39;s (PZZA) suben tras superar expectativas en el 4T

Papa John's International, Inc. - Common Stock

Papa John's International Inc

Bank of America Securities analyst Sara Senatore explained that while the restaurant industry may seem simple due to its familiarity with consumers, investing in restaurant stocks remains complex, <a href="https://www.benzinga.com/general/restaurants/25/05/45417777/lobster-life-sibling-entrepreneurs-see-trade-turmoil-as-a-business-edge" target="_blank" rel="noreferrer noopener">given the wide performance variation within the sector.</a>
According to Senatore, in today&#8217;s value-conscious environment, the restaurants seeing success are those offering standout products and experiences across multiple dimensions.
This consistent execution has allowed leading quick-service pizza chains to expand market share, and she highlights that Domino&#8217;s Pizza Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) is positioned to continue outperforming, backed by its partnerships with delivery platforms like DoorDash, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>)
and Uber Technologies, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) UberEats, value-oriented menu strategies, and technological strength. The analyst reiterated the Buy rating on Domino&#8217;s, <a target="_blank" href="https://www.benzinga.com/quote/DPZ/analyst-ratings" rel="noreferrer noopener">with a price forecast of $549.</a>
Also Read:<a target="_blank" href="https://www.benzinga.com/general/restaurants/25/05/45400599/only-reasonable-profits-jdcom-takes-aim-at-global-food-delivery-economics-with-zero-commission-modelrevives-founders-035-principle" rel="noreferrer noopener"> &#8216;Only Reasonable Profits:&#8217; JD.com Takes Aim At Global Food Delivery Economics With Zero-Commission Model—Revives Founder&#8217;s &#8216;$0.35 Principle&#8217;</a>
The analyst expressed optimism about Papa John&#8217;s International, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>), anticipating an improved earnings profile after the company&#8217;s planned investments in 2025. Senatore reiterated the Buy rating, <a target="_blank" href="https://www.benzinga.com/quote/PZZA/analyst-ratings" rel="noreferrer noopener">with a price forecast of $52.</a>
Senatore noted that Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), the parent company of Pizza Hut, has maintained stable returns on assets compared to the broader market, and she views the company&#8217;s historical performance range as a solid basis for future estimates. The analyst reiterated the Neutral rating <a target="_blank" href="https://www.benzinga.com/quote/YUM/analyst-ratings" rel="noreferrer noopener">with a price forecast of $159.</a>
Senatore highlighted market share dynamics among these top three pizza chains, noting that Domino&#8217;s has continued to gain share, Papa Johns has maintained its position, while Pizza Hut has seen a decline in share.
Out of the Pizza focus, the analyst sees Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) &#8216;s same-store sales growth could be slower than expected if macro headwinds pressure restaurant consumption or sales-driving initiatives fail to resonate with customers. Senatore reiterated the company&#8217;s Underperform rating, with a price forecast of $7.
Senatore noted that McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) could deliver better-than-expected margins and returns if it slows down its investment pace or uncovers unanticipated cost savings.
She also suggested that if investor sentiment turns more risk-averse, McDonald&#8217;s defensive profile could become increasingly appealing in the current market environment. The analyst reiterated the Neutral rating on McDonald&#8217;s with a price forecast of $327.
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Image: Shutterstock

Equities

Markets

Analyst Ratings

Movers

Trading Ideas

BLMN

DASH

UBER

Pizza Power Play: Analyst Says Domino's Gains Share, Papa Johns Holds Steady, Pizza Hut Loses Ground

Benchmark analyst Todd Brooks reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and maintains $50 price target.

Price Target

Reiteration

Benchmark Reiterates Buy on Papa John's International, Maintains $50 Price Target

Loop Capital analyst Alton Stump maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and lowers the price target from $60 to $56.

Loop Capital Maintains Buy on Papa John's International, Lowers Price Target to $56

Stephens &amp; Co. analyst Jim Salera reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Overweight and maintains $50 price target.

Stephens & Co. Reiterates Overweight on Papa John's International, Maintains $50 Price Target

WIIM

Papa John's International shares are trading higher after the company reported better-than-expected Q1 financial results.

Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) shares traded higher on <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">Thursday in the premarket session.</a>
The company reported first-quarter adjusted earnings per share of 36 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45280875/papa-johns-announces-first-quarter-2025-financial-results" rel="noreferrer noopener">beating the analyst consensus estimate of 35 cents</a>. Quarterly sales of $518.31 million (up 1% year over year) outpaced the Street view of $513.55 million.
The higher revenues were largely attributable to an $11.4 million increase in Commissary revenues, reflecting higher commodity prices during the quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/restaurants/25/04/44907247/restaurant-sector-q1-volatilty-from-weather-inflation-analyst-lowers-price-targets" rel="noreferrer noopener">Restaurant Sector Q1 Volatilty From Weather, Inflation — Analyst Lowers Price Targets</a>
North American comparable sales fell 3% year over year, with company-owned stores down 5% and franchised ones down 2%.
In contrast, international comparable sales rose 3% from last year&#8217;s quarter.
Global system-wide restaurant sales were $1.22 billion, a 1% increase from the prior year&#8217;s first quarter.
The quarterly adjusted EBITDA&nbsp;was $50 million compared with $61 million in the prior year quarter.
Adjusted EBITDA was $49.6 million, a $10.9 million decrease from the prior year&#8217;s first quarter.
Papa John&#8217;s <a target="_blank" href="https://ir.papajohns.com/financials/sec-filings/content/0001628280-25-023439/0001628280-25-023439.pdf" rel="noreferrer noopener">said </a>the proposed U.S. tariffs are unlikely to significantly hurt its domestic business, as most ingredients are sourced locally. However, the broader impact on consumer spending and franchisee profitability is uncertain and could affect the company&#8217;s performance.
The company exited the quarter with cash and equivalents worth $44.012 million and inventories worth $37.195 million.
Outlook: Papa John's reaffirmed its FY25 outlook, expecting system-wide sales growth of 2% to 5% and adjusted EBITDA between $200 million and $220 million.
The company also projects 85 to 115 new restaurant openings in North America and 180 to 200 internationally.
Price Action: PZZA shares are trading higher by 5.11% to $35.00 premarket at last check Thursday.
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Photo: Shutterstock

Earnings

Guidance

Restaurants

Papa John's Tops Q1 Estimates, Notes Limited Tariff Impact But Flags Consumer Spending Uncertainty

Papa John's FY25 Outlook Reaffirmed: System-Wide Sales Up 2%-5%, Adjusted EBITDA $200M-$220M, North America Gross Restaurant Openings 85-115, International 180-200

Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 46.27 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $518.31 million which beat the analyst consensus estimate of $513.55 million by 0.93 percent. This is a 0.85 percent increase over sales of $513.92 million the same period last year.

Earnings Beats

Papa John's International Q1 Adj. EPS $0.36 Beats $0.35 Estimate, Sales $518.31M Beat $513.55M Estimate

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Earnings Scheduled For May 8, 2025

UBS analyst Dennis Geiger maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Neutral and lowers the price target from $45 to $38.

UBS Maintains Neutral on Papa John's International, Lowers Price Target to $38

BofA Securities analyst Sara Senatore provides an analysis for restaurant sector performance in the first <a href="https://trello.com/c/f3PFGoRF/331021-restaurants-q1-previewbofa">quarter</a>.
Restaurant demand showed mixed results due to weather and a calendar shift, said the analyst. 
Black Box industry data revealed a deceleration in same-store sales growth (SSSG) across all segments from January to February, but March saw improvement, excluding Fine Dining. 
Restaurant spending growth improved in March, with chain spending recovering from -7.5% in February to -3.5%.
Independent restaurants saw a rise in spending, from -2.7% in February to +1.3%. The rebound was attributed to better weather and the impact of the calendar shift in February. 
In the first quarter, prices for soybeans, wheat and soybean oil continued to deflate, though at a slower rate than in the fourth quarter of FY24. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44897010/chipotle-to-open-first-mexico-restaurant-by-2026">Chipotle To Open First Mexico Restaurant By 2026</a>
Coffee prices surged, increasing by 96.8% year-over-year, up from 56.8% in the fourth quarter. Beef inflation rose to 5.5%, compared to 1.3% in the previous quarter.
Cheese prices decreased by 1.8%, while dairy inflation slowed to 1.3%. Futures markets predict deflation in several commodities in the second quarter of 2025, but coffee, natural gas and beef are expected to see inflation, noted the analyst.
Restaurants index in the S&amp;P 500 is trading at 1.2x forward EPS, below its 5-year, 10-year and 15-year averages of 1.4x.
Industry data indicates a demand recovery in March after weak months in January and February. While consensus expectations for restaurants remain high, first-quarter results may fall short of estimates. 
Investors are focused on April trends and the potential impact of tariffs on consumer sentiment, traffic and COGS inflation.
So, keeping the above points in mind, the analyst has lowered the price targets for Bloomin&#8217; Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), Dutch Bros Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>), Cheesecake Factory Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Cracker Barrel Old Country Store Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Krispy Kreme Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>), Domino&#8217;s Pizza Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>), Brinker International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>), Jack In The Box Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), McDonald&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Papa John&#8217;s International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>), Restaurant Brands International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Sweetgreen Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), Shake Shack Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), Sysco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>), Texas Roadhouse Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>), Wendy&#8217;s Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>), Wingstop Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), and Yum! Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>).
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Photo: <a href="https://www.shutterstock.com/g/Rawpixel">Rawpixel.com</a> via Shutterstock

Analyst Color

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Restaurant Sector Q1 Volatilty From Weather, Inflation — Analyst Lowers Price Targets

Benchmark analyst Todd Brooks maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and lowers the price target from $65 to $50.

Benchmark Maintains Buy on Papa John's International, Lowers Price Target to $50

Stifel analyst Chris O'Cull maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Hold and lowers the price target from $40 to $38.

Stifel Maintains Hold on Papa John's International, Lowers Price Target to $38

Papa John&#8217;s International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) and Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud have entered a expanded multi-year partnership.
What Happened: The pizza chain will migrate to a Google Cloud-based point-of-sale (POS) system, enabling intelligent dispatching, route optimization, and automation of key restaurant processes. 
By integrating artificial intelligence, the franchise hopes to streamline food orders, enhance customer engagement, and optimize delivery logistics.
Papa Johns has also introduced PJX, a specialized team that utilizes Google Cloud's AI, data analysis, and machine learning (ML) technologies.
The company anticipates that these advancements will lead to more frequent orders, higher spending per purchase, and reduced customer service expenses.
Also Read: <a href="https://www.benzinga.com/25/04/44624263/netflix-expands-language-options-for-tv-viewers">Netflix Rolls Out Enhanced Subtitle &amp; Dubbing Options On TV</a>
&#8220;Our partnership with Google Cloud will enable us to take personalization to the next level,&#8221; President and CEO Todd Penegor.
One of PJX's key focuses is using AI to anticipate customer needs. By leveraging Google BigQuery, Vertex AI, and Gemini, the system will suggest orders through push notifications and emails based on user preferences and upcoming events such as birthdays or sports games.
Google's generative AI is expected to improve Papa Johns&#8217; loyalty program via customized discounts, special promotions, and targeted advertisements aligned with individual preferences and previous purchasing history.
Additionally, Papa Johns will implement an AI-powered chatbot to handle routine inquiries while transferring complex issues to live agents. The integration of voice AI for ordering will further streamline interactions. 
Price Action: PZZA shares traded lower by 0.98% at $41.46 at last check Thursday.
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Image: Shutterstock

GOOGL

AI-Powered Pizza? Papa Johns Taps Google Cloud For Smarter Orders

ATLANTA and SUNNYVALE, Calif., April 3, 2025 /PRNewswire/ -- Google Cloud today announced an expanded multi-year partnership with Papa Johns to revolutionize the pizza maker's ordering and delivery experience using the power of artificial intelligence (AI). Through the partnership Papa Johns has created an innovation team, named PJX, that will leverage Google Cloud's AI, data analytics and machine learning (ML) capabilities to provide a more frictionless and consistent experience for customers both inside its restaurants and throughout its digital channels.
Through its partnership with Google Cloud, Papa Johns expects to drive success through increased order frequency, higher-value orders, reduced customer service costs, improved customer satisfaction (via a chatbot powered by Google Cloud's technology) – and ultimately, more joyful pizza experiences.
"At Papa Johns, our aspiration is to be the best pizza makers in the business. Being the best means we are crafting great pizza and providing every single customer a superior experience along every part of their journey – from ordering, to delivery, to our loyalty program," said Todd Penegor, President and CEO, Papa Johns. "Our partnership with Google Cloud will enable us to take personalization to the next level. We're not just reacting to orders – we're anticipating our customers' needs and proactively providing tailored recommendations and offers. This isn't just about convenience; it's about creating a truly joyful and personalized pizza experience that builds lasting loyalty."

Contracts

GOOG

Papa Johns And Google Cloud Enters Partnership To Deliver AI-Powered Pizza Experiences

Stifel analyst Chris O'Cull maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Hold and lowers the price target from $45 to $40.

Stifel Maintains Hold on Papa John's International, Lowers Price Target to $40

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Shares of companies within the broader consumer discretionary sector are trading higher amid a continued market rebound despite mixed sales data.

Stephens &amp; Co. analyst Jim Salera maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Overweight and lowers the price target from $60 to $58.

Stephens & Co. Maintains Overweight on Papa John's International, Lowers Price Target to $58

Wedbush analyst Nick Setyan reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Outperform and maintains $60 price target.

Wedbush Reiterates Outperform on Papa John's International, Maintains $60 Price Target

Press Releases

Papa Johns Announces Fourth Quarter and Full Year 2024 Financial Results

Papa Johns Announces Completion of Amended Credit Facilities, Further Strengthening Financial Foundation to Support Execution of Strategic Objectives

Papa Johns to Report First Quarter Results on May 8, 2025

Papa Johns and Google Cloud Team Up to Deliver AI-Powered Pizza Experiences

Papa Johns Declares Quarterly Dividend

Papa Johns Announces First Quarter 2025 Financial Results

Papa Johns to Participate in the Oppenheimer 25™ Annual Consumer Growth and E-Commerce Conference

Papa Johns Canada Introduces Cheddar Crust Pizza, A New Take on a Classic Favourite

Papa Johns Announces Caroline Miller Oyler as Chief Administrative Officer

Shaq-a-Roni Forever: Fan-Favorite Pizza now a Full-Time Member of Papa Johns Menu

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