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分析师克里斯·奥库尔将爸爸约翰国际公司（纳斯达克股票代码：PZZA）的股票从卖出上调至持有，并将目标股价从65美元下调至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.
该分析师指出，鉴于该股的负面情绪和最近的市场波动，短期预期是合理的，因此决定袖手旁观。
The analyst added that PZZA is in a challenging competitive position in a tough category.
该分析师补充说，PZZA在艰难的类别中处于艰难的竞争地位。
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.
分析师进行的检查显示，由于该系统在越来越以价值为中心的环境中难以竞争，第一季度国内可比销售额约为-1％。
The analyst is not convinced that additional national media will meaningfully improve comps without a compelling price-value message.
这位分析师认为，如果没有令人信服的性价比信息，更多的全国性媒体不会有意义地改善业绩。
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.
如果今年的可比销售额持平，分析师怀疑，即使特许经营者提供了激进的经济激励措施，国内加盟商也会急于签署长期租约来开设单位。
So, the analyst noted comparable sales will be a critical factor for the stock price in 2024.
因此，这位分析师指出，可比销售额将是2024年股价的关键因素。
The analyst lowered the FY24 EPS estimate to $2.57 from $2.65 to reflect a slower domestic sales ramp during the second quarter.
该分析师将24财年的每股收益预期从2.65美元下调至2.57美元，以反映第二季度国内销售增长放缓。
Price Action: PZZA shares are trading higher by 1.31% at $63.32 on the last check Monday.
价格走势：在周一的最后一次支票中，PZZA股价上涨1.31％，至63.32美元。
Photo by Don Sniegowski via Flickr
照片由 Don Sniegowski 通过 Flickr 拍摄