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PZZA - Jack In The Box: Lackluster Fourth Quarter Results But Solid Long-Term Outlook Remains Intact
November, 29 2021 08:30 AM
Papa John's International Inc.
F4Q2021 revenues of ~$278 million were below analyst projections by ~$11 million. EPS of $1.80 beat consensus estimates by $0.06. With franchisee satisfaction scores of 72%, it appears that JACK and its franchisees are on the mend. We’re updating our 1-year Price Target to $129/share, from the prior $149/share, to account for increased risk. Reiterate Buy Rating. For further details see:
Jack In The Box: Lackluster Fourth Quarter Results But Solid Long-Term Outlook Remains Intact
Stock Information
Company Name:
Papa John's International Inc.
Stock Symbol:
PZZA
Market:
NASDAQ
Website:
papajohns.com
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