Analyst Eyes Papa John's Comparable Sales Amid Price-Value Concerns, Upgrades Stock To Hold
Analyst Eyes Papa John's Comparable Sales Amid Price-Value Concerns, Upgrades Stock To Hold
Stifel analyst Chris O'Cull upgraded the shares of Papa John's International Inc (NASDAQ:PZZA) from Sell to Hold and lowered the price target from $65 to $60.
Stifel分析師克里斯·奧庫爾將爸爸約翰國際公司（納斯達克股票代碼：PZZA）的股票從賣出上調至持有，並將目標股價從65美元下調至60美元。
The analyst noted near-term expectations are reasonable and decided to move to the sidelines, given the stock's negative sentiment and recent market volatility.
該分析師指出，鑑於該股的負面情緒和最近的市場波動，短期預期是合理的，因此決定袖手旁觀。
The analyst added that PZZA is in a challenging competitive position in a tough category.
該分析師補充說，PZZA在艱難的類別中處於艱難的競爭地位。
The checks ran by the analyst indicate that domestic comparable sales were about -1% in the first quarter, as the system struggled to compete in an increasingly value-centric environment.
分析師進行的檢查顯示，由於該系統在越來越以價值爲中心的環境中難以競爭，第一季度國內可比銷售額約爲-1％。
The analyst is not convinced that additional national media will meaningfully improve comps without a compelling price-value message.
這位分析師認爲，如果沒有令人信服的性價比信息，更多的全國性媒體不會有意義地改善業績。
If the comparable sales are flattish this year, the analyst doubts domestic franchisees will rush to sign long-term leases to open units, even with the franchisor offering aggressive financial incentives.
如果今年的可比銷售額持平，分析師懷疑，即使特許經營者提供了激進的經濟激勵措施，國內加盟商也會急於簽署長期租約來開設單位。
So, the analyst noted comparable sales will be a critical factor for the stock price in 2024.
因此，這位分析師指出，可比銷售額將是2024年股價的關鍵因素。
The analyst lowered the FY24 EPS estimate to $2.57 from $2.65 to reflect a slower domestic sales ramp during the second quarter.
該分析師將24財年的每股收益預期從2.65美元下調至2.57美元，以反映第二季度國內銷售增長放緩。
Price Action: PZZA shares are trading higher by 1.31% at $63.32 on the last check Monday.
價格走勢：在週一的最後一次支票中，PZZA股價上漲1.31％，至63.32美元。
Photo by Don Sniegowski via Flickr
照片由 Don Sniegowski 通過 Flickr 拍攝
譯文內容由第三人軟體翻譯。