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Papa John’s Price Target Cut By Analyst As Inflation Pressure Persists

KeyBanc analyst Eric Gonzalez maintained an Overweight rating on Papa John’s International Inc (NASDAQ:PZZA) shares and lowered the price target to $105 from…
byShivani Kumaresan
August 5, 2022
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  • KeyBanc analyst Eric Gonzalez maintained an Overweight rating on Papa John’s International Inc (NASDAQ:PZZA) shares and lowered the price target to $105 from $110 (14% upside).
  • The analyst thinks Papa John’s 2Q22 International segment trends missed consensus forecasts, primarily due to volatility in the U.K.
  • Gonzalez further added that the company’s lower margin guidance suggests inflation pressures are likely to persist for longer than previously anticipated.
  • The company reported $522.67 million in Q2 revenue, missing the consensus of $529.63 million.
  • Price Action: PZZA shares closed lower by 2.07% at $91.95 on Friday.
 
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