Benchmark has revised its price target for Papa John’s International Inc. (PZZA, Financial), lowering it to $50 from the previous $65. Despite the decrease, the firm maintains a Buy rating on the stock. This adjustment comes as the firm refines its previous models to align with the revised segment reporting structure that Papa John's introduced in its fourth quarter results.
In addition to the updated reporting framework, Benchmark is adopting a more cautious outlook on domestic systemwide same-store sales for both the first and second quarters of the year. These changes were communicated to investors as part of preparations ahead of Papa John's upcoming earnings report.
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 $54.09 with a high estimate of $65.00 and a low estimate of $36.00. The average target implies an upside of 73.60% from the current price of $31.16. 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 $78.48, suggesting a upside of 151.86% from the current price of $31.16. 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.
