Stifel analyst Chris O’Cull has revised the price target for Papa John’s (PZZA, Financial), reducing it from $40 to $38. Despite maintaining a Hold rating on the stock, the adjustment reflects increasing caution due to recent market fluctuations and subpar consumer spending observed in the first quarter.
The updated projections for Papa John’s and other restaurant chains signal a more careful outlook. While these new estimates do not anticipate a recession, they acknowledge an increasing likelihood of such an economic downturn, prompting the need for prudence in financial evaluations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Papa John's International Inc (PZZA, Financial) is $54.71 with a high estimate of $65.00 and a low estimate of $36.00. The average target implies an upside of 76.42% from the current price of $31.01. More detailed estimate data can be found on the Papa John's International Inc (PZZA) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Papa John's International Inc's (PZZA, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Papa John's International Inc (PZZA, Financial) in one year is $78.39, suggesting a upside of 152.79% from the current price of $31.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Papa John's International Inc (PZZA) Summary page.
