Papa John's International 주식 (NASDAQ: PZZA)

에 대한 최신 뉴스 Papa John's International (NASDAQ:PZZA) 주식

Papa John's International

Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 5,900 restaurants across nearly 50 countries at the end of 2023. The firm operates a predominantly franchised system, owning 11% of its restaurants and generating revenue from franchise royalties, sales of pizza and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the fourth-largest limited-service pizza chain both in the US and globally, with a sizable presence in the UK, China, South Korea, and Chile.

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암호화폐 세계의 전설적인 날인 5월 22일은 비트코인(CRYPTO:BTC) ​​피자의 날로 기념된다. 현재 수천 달러의 가치가 있는 이 디지털 화폐가 이날 처음으로 상업적 목적으로 사용되었다. 어떤 일이 있었나 (What Happened): 약 14년 전, 플로리다에 거주하는 소프트웨어 개발자 라즐로 하니에츠(Laszlo Hanyecz)는 자신도 모르게 암호화폐 커뮤니티에 소중한 날을 선물했다. 그는 파파존스 인터내셔널(NASDAQ:PZZA)에서 피자 2판 값을 지불하기 위해 10,000 비트코인을 지불했다.

행복한 비트코인 ​​피자 데이! 피자 2판 가격이 10,000 BTC였던 날을 기억하기

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지난 4월부터 캘리포니아 주 내 패스트푸드 직원들은 최저 시급 20달러를 받게 되었다. 이번 달 초부터 시행된 새 법률 덕분에 미국 전역에 60개 이상의 매장을 보유한 캘리포니아의 패스트푸드 체인점들은 그들의 직원들에게 더 많은 임금을 지급해야 한다. 작은 규모의 패스트푸드 점포들은 여전히 시간당 16달러의 주 최저임금을 적용받는다.

캘리포니아 주의 대형 패스트푸드 체인점들의 핫 이슈: 최저 시급 20달러

Papa John's International, Inc. - Common Stock

Papa John's International Inc

WIIM

Papa John's shares are trading lower after KeyBanc downgraded the stock from Overweight to Sector Weight.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e302b95430dee0001c8926a/jim-sanderson">Northcoast Research analyst Jim Sanderson</a> downgraded the rating for Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) from Buy to Neutral. Jack In The Box shares closed at $45.08 on Wednesday. See how other analysts view this stock.</li>
<li>Keybanc analyst Jackson Ader downgraded the rating for Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) from Overweight to Sector Weight. Zeta Global shares closed at $17.76 on Wednesday. <a href="https://www.benzinga.com/quote/ZETA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst Thomas Gallagher downgraded Jackson Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JXN#NYSE">JXN</a>) from In-Line to Underperform but raised the price target from $74 to $95. Jackson Finl shares closed at $108.20 on Wednesday. See how other analysts view this stock.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5804a545846faa000106aa10/gregory-lewis">BTIG analyst Gregory Lewis</a> downgraded the rating for Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) from Buy to Neutral. Plug Power shares closed at $1.97 on Wednesday. <a href="https://www.benzinga.com/quote/PLUG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Eric Gonzalez downgraded Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) from Overweight to Sector Weight. Papa John&#8217;s shares closed at $50.79 on Wednesday. <a href="https://www.benzinga.com/quote/PZZA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PZZA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="530" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14080159/image-153-1024x530.png" alt="" class="wp-image-647844" style="width:456px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14080159/image-153-1024x530.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14080159/image-153-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14080159/image-153-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14080159/image-153.png 1231w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Downgrades

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Analyst Ratings

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PLUG

ZETA

This Papa John's Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Keybanc analyst Eric Gonzalez downgrades Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) from Overweight to Sector Weight.

Keybanc Downgrades Papa John's International to Sector Weight

UBS analyst Dennis Geiger maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Neutral and raises the price target from $47 to $56.

Price Target

UBS Maintains Neutral on Papa John's International, Raises Price Target to $56

Wedbush analyst Nick Setyan reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Outperform and maintains $60 price target.

Reiteration

Wedbush Reiterates Outperform on Papa John's International, Maintains $60 Price Target

Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) shares <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">are trading lower on Thursday.</a>
The company reported adjusted earnings per share of 43 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41802404/papa-johns-announces-third-quarter-2024-financial-results" rel="noreferrer noopener">in line with the street view</a>. Quarterly sales of $506.81 million (down 3.1%) beat the analyst consensus estimate of $497.27 million.
&#8220;During the third quarter, we delivered earnings in line with our expectations in what continues to be a very challenging consumer environment,&#8221; said Papa John&#8217;s CEO Todd Penegor.
The lower revenues were mainly due to a $9.9 million decrease in international revenues from UK restaurants, an $8.5 million drop in domestic restaurant sales from lower transaction volumes, and a $4.8 million decrease from the sale of Preferred Marketing, the former print and promotions company.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41808809/wk-kellogg-beats-q3-earnings-estimates-driven-by-strong-pricemix-and-operational-discipline-details" rel="noreferrer noopener">WK Kellogg Beats Q3 Earnings Estimates, Driven By Strong Price/Mix and Operational Discipline: Details</a>
North America comparable sales were down 6% from a year ago. Domestic Company-owned restaurants were down 7%, and North America franchised restaurants were down 5%. International comparable sales were down 3% compared to the previous year.
Adjusted operating income was $29.3 million, a $4.3 million, or 12.9%, decrease from the same period a year ago.
The decrease in adjusted operating income for was mainly due to lower margins at Domestic Company-owned restaurants. This was because the company strategically reinvested some of its first-half savings to improve consumer value perception.
As of Sept. 29, there were 5,908 Papa Johns restaurants operating in 49 countries and territories.
Dividend: On Oct. 29, the firm declared a fourth-quarter dividend of 46 cents per common share. The dividend will be paid on November 29 to stockholders of record as of the close of business on November 18.
In a separate press release, the company announced the appointment of Jenna Bromberg to chief marketing officer, <a href="https://www.benzinga.com/pressreleases/24/11/b41802743/papa-johns-announces-jenna-bromberg-as-chief-marketing-officer" target="_blank" rel="noreferrer noopener">effective Nov. 14.</a>
Price Action: PZZA shares are trading lower by 2.44% to $56.85&nbsp;at last check Thursday.
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41806970/hersheys-q3-earnings-sour-as-sales-dip-and-outlook-darkens-ceo-pledges-aggressive-turnaround-amid-h" target="_blank" rel="noreferrer noopener">Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; CEO Pledges Aggressive Turnaround Amid High Cocoa Costs</a></li>
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Earnings

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Guidance

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Papa John's Earns Less Dough As Q3 Sales Dip, CEO Blames 'Challenging Consumer Environment'

Stephens &amp; Co. analyst Jim Salera reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Overweight and maintains $62 price target.

Stephens & Co. Reiterates Overweight on Papa John's International, Maintains $62 Price Target

Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) reported quarterly earnings of $0.43 per share which met the analyst consensus estimate. This is a 18.87 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $506.81 million which beat the analyst consensus estimate of $497.27 million by 1.92 percent. This is a 3.06 percent decrease over sales of $522.81 million the same period last year.

Earnings Beats

Papa John's International Q3 2024 Adj EPS $0.43, Inline, Sales $506.81M Beat $497.27M Estimate

B of A Securities analyst Sara Senatore maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and raises the price target from $66 to $71.

B of A Securities Maintains Buy on Papa John's International, Raises Price Target to $71

Cracker Barrel Old Country Store, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbrl#NASDAQ">CBRL</a>) is scheduled to report fourth-quarter fiscal 2024 results on Sept. 19. In the last reported quarter, CBRL registered an earnings surprise of 57.1%.
<h2>Trend in Estimate Revision</h2>
The Zacks Consensus Estimate for fiscal fourth-quarter earnings per share is pegged at $1.17, which indicates a deterioration of 34.6% from $1.79 reported in the year-ago quarter.
For revenues, the consensus mark is pegged at $898.8 million, which implies an increase of 7.4% from the year-ago quarter&#39;s reported figure.
Let&#39;s check out the factors that might have influenced CBRL&#39;s performance in the quarter to be reported.
<h2>Factors at Play for CBRL</h2>
Cracker Barrel&#39;s fiscal fourth-quarter top line is likely to have been aided by menu innovation, higher menu pricing, expansion and other sales-building efforts. Given the growing demand for its breakfast category, including Homestyle Chicken, French Toast, Barrel Bites and beverages, Cracker Barrel introduced its $5 take-home meals at the beginning of fiscal 2024, which is expected to have aided the company&#39;s top line.
The company is also benefiting from growth in off-premise sales. It continues to focus on off-premise initiatives, such as curbside delivery, third-party delivery and family meal baskets. These efforts are likely to have aided the off-premise sales.
Our model predicts Restaurant and Retail revenues to be $715.9 million and $168.2 million, respectively, up 7.9% and 6.9% year over year. However, dismal traffic and same-store sales are expected to have negatively impacted the company&#39;s results. Our model predicts retail same-store sales to decline 0.5% year over year. CBRL&#39;s retail business faces challenges stemming from broader industry pressures, particularly in discretionary categories.
Strategic investments in advertising and labor are likely to have increased costs and exerted margin pressure in the to-be-reported quarter. For fourth-quarter fiscal 2024, our model predicts labor and other related expenses&nbsp; to rise 9% year over year to $332.6 million. We expect store-operating expenses to increase 8.4% year over year to $821.6 million. Our model predicts adjusted-operating income to decline 30.7% year over year to $27.6 million.
<div class="chart_embed">
<h3>Cracker Barrel Old Country Store, Inc. Price and EPS Surprise</h3>
<h2><img alt="Cracker Barrel Old Country Store, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6f/1726662030.png" style="height:263px; width:537px" title="" /></h2>
Cracker Barrel Old Country Store, Inc. price-eps-surprise | Cracker Barrel Old Country Store, Inc. Quote
</div>
<h2>What Our Model Says</h2>
Our proven model predicts an earnings beat for Cracker Barrel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here.
Earnings ESP: Cracker Barrel currently has an Earnings ESP of +2.74%.
Zacks Rank: The company has a Zacks Rank #2 at present.
<h2>Other Stocks Poised to Beat on Earnings</h2>
Here are some other stocks worth considering from the Zacks Retail-Wholesale sector, as our model shows that these, too, have the right combination of elements to beat on earnings this reporting cycle.
Domino&#39;s Pizza, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) currently has an Earnings ESP of +3.94% and a Zacks Rank #3. Shares of Domino&#39;s have risen 6.4% in the past year. DPZ&#39;s earnings beat the consensus mark in each of the trailing four quarters, delivering an average surprise of 11.2%.
Papa John&#39;s International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pzza#NASDAQ">PZZA</a>) has an Earnings ESP of +2.11% and a Zacks Rank #3 at present. Shares of Papa John&#39;s have lost 32.9% in the past year. PZZA&#39;s earnings beat the consensus mark in three of the trailing four quarters and missed on one occasion, delivering an average surprise of 13.6%.
Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) currently has an Earnings ESP of +2.61% and a Zacks Rank #3. Shares of Starbucks have lost 0.5% in the past year. SBUX&#39;s earnings beat the consensus mark in two of the trailing four quarters and missed twice, delivering an average surprise of&nbsp;1.7%.
<a href="https://www.zacks.com/stock/news/2337924/cracker-barrel-to-report-q4-earnings-is-a-beat-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2337924">To read this article on Zacks.com click here.</a>

Large Cap

Retail Sales

Small Cap

CBRL

Cracker Barrel to Report Q4 Earnings: Is a Beat in Store?

As of Sept. 18, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Sleep Number Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>)</h3>
<ul>
<li>On Sept. 17, Piper Sandler analyst Peter Keith maintained Sleep Number with a Neutral and raised the price target from $12 to $16. The company's stock gained around 33% over the past five days and has a <a href="https://www.benzinga.com/quote/SNBR">52-week high of $27.12</a>.</li>
<li>RSI Value: 75.86&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SNBR Price Action: Shares of Sleep Number gained 8.2% to close at $18.98 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Papa John&#8217;s International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>)</h3>
<ul>
<li>On Sept. 9, Papa Johns named Kevin Vasconi as Chief Digital and Technology Officer. The company's stock gained around 13% over the past month and<a href="https://www.benzinga.com/quote/PZZA"> has a 52-week high</a> of $78.67.</li>
<li>RSI Value: 72.22</li>
<li>PZZA Price Action: Shares of Papa John&#8217;s gained 3.5% to close at $52.56 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>)</h3>
<ul>
<li>On Sept. 5, Cantor Fitzgerald analyst Deepak Mathivanan initiated coverage on eBay with a Neutral rating and announced a price target of $62. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/EBAY">52-week high</a> of $64.96.</li>
<li>RSI Value: 82.85</li>
<li>EBAY Price Action: Shares of eBay rose 0.8% to close at $64.88 on Tuesday.</li>
</ul>
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Short Ideas

EBAY

SNBR

Top 3 Consumer Stocks That May Fall Off A Cliff In Q3

Papa John's Announces PepsiCo As Exclusive Beverage Supplier For North America Through 10-Year Contract Renewal

Papa John&#39;s International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pzza#NASDAQ">PZZA</a>) will likely benefit from digital initiatives, menu innovation and unit-expansion efforts. This and the emphasis on strategic refranchising bode well. However, a challenging macro environment and soft comps are a headwind.
Let&#39;s delve deeper.
<h2>Strategic Efforts Aid PZZA&#39;s Prospects</h2>
Innovation and Digital Enhancements: Innovation remains key to Papa John&#39;s strategy. The company is expanding its pipeline of differentiated menu offerings, designed to boost customer satisfaction and enhance brand loyalty. Investments in digital platforms are expected to drive higher conversion rates and repeat transactions. The recent app update and improvements in the loyalty program are already showing promising results, with enhanced user experience and streamlined customer journeys.
Improving PZZA&#39;s Value Perception: Papa John&#39;s is realigning its marketing and product offerings to better cater to value-conscious consumers. Initiatives such as the launch of the $9.99 cheeseburger pizza and the $10.99 extra-large New York-style pizza have begun to improve the brand&#39;s value perception. It is also testing various value offers in certain markets to identify opportunities that are likely to drive growth in restaurant-level profits.
International Growth and Transformation: On the international front, the company is making significant strides in optimizing its operations, particularly in the U.K. It closed 43 underperforming restaurants and refranchised 60, leaving 13 company-owned locations in the U.K. This strategic refranchising is expected to make the U.K. market profitable in the second half of 2024. It is executing a global marketing campaign, &lsquo;Better Get You Some,&#39; which already started to yield positive results across various regional hubs.
<h2>PZZA Headwinds: Dismal Price &amp; Comps Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/75539.jpg?v=1748170985" />
Image Source: Zacks Investment Research
Stock Performance: Year to date, shares of Papa John&#39;s have declined 36.3% against the industry&#39;s rise of 0.2%. Softer sales trends driven by macroeconomic pressures and shifts in consumer spending primarily caused the downside.
Dismal Comps Hurt Papa John&#39;s: In the second quarter, total comparable sales declined 2.7% year over year compared with a 1.3% fall reported in the prior-year quarter. Domestic company-owned restaurant comps in the quarter fell 4.2% year over year compared with 2.2% growth reported in the year-ago quarter. At North America franchised restaurants, comps fell 3.4% year over year against a 2.3% decline reported in the year-ago quarter. Comps growth at North America restaurants declined 3.6% year over year. The downside was primarily caused by lower transactions attributable to a decline in its organic delivery and a lower estimated year-over-year shift in channel mix.
PZZA anticipates the trend to continue on account of ongoing economic challenges and weakening consumer confidence. The company adjusted its full-year guidance to reflect this cautious outlook, anticipating North America&#39;s comparable sales to range from flat to a slight decline for the entirety of 2024.
<h2>Time to Keep an Eye on PZZA Stock?</h2>
Despite near-term challenges, Papa John&#39;s is strategically positioning itself for long-term success. Its focus on enhancing value perception, driving innovation, optimizing digital channels and improving international operations provides a solid foundation for growth. Investors should consider retaining PZZA stock as the company navigates this transitional phase. The Zacks Rank #3 (Hold) justifies our thesis.
<h2>Key Picks</h2>
Some better-ranked stocks in the Zacks Retail-Wholesale sector include:
Texas Roadhouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 0.4%, on average. TXRH&#39;s shares have risen 62.3% in the past year.
The Zacks Consensus Estimate for TXRH&#39;s 2024 sales and earnings per share indicates 15.6% and 39.2% growth, respectively, from the year-earlier actuals.
Wingstop Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wing#NASDAQ">WING</a>) carries a Zacks Rank #2 (Buy). It has a trailing four-quarter negative earnings surprise of 21.8%, on average. The stock has surged 148.2% in the past year.
The Zacks Consensus Estimate for WING&#39;s 2024 sales and EPS suggests a rise of 36% and 51.2%, respectively, from the year-ago levels.
El Pollo Loco Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loco#NASDAQ">LOCO</a>) carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 21.6%, on average. LOCO&#39;s shares have risen 42.6% in the past year.
The Zacks Consensus Estimate for LOCO&#39;s 2025 sales and EPS indicates 2% and 12.7% growth, respectively, from the prior-year figures.
<a href="https://www.zacks.com/stock/news/2327807/here-s-why-you-should-retain-papa-john-s-stock-in-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327807">To read this article on Zacks.com click here.</a>

Offerings

LOCO

TXRH

WING

Here's Why You Should Retain Papa John's Stock in Your Portfolio

Rumors

Watching Papa John's International; Traders Circulate Unconfirmed Analyst Comments Suggesting 3G Capital And Restaurant Brands International Could Possibly Make A Bid

Wedbush analyst Nick Setyan reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Outperform and maintains $51 price target.

Wedbush Reiterates Outperform on Papa John's International, Maintains $51 Price Target

Investors with a lot of money to spend have taken a bearish stance on Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PZZA, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Papa John's International.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 62%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $160,116, and 4 are calls, for a total amount of $690,598.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $60.0 for Papa John's International, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Papa John's International's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Papa John's International's whale trades within a strike price range from $37.5 to $60.0 in the last 30 days. 
<h3>Papa John's International Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723491053_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PZZA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.2</td>
<td>$2.9</td>
<td>$3.12</td>
<td>$55.00</td>
<td>$468.9K</td>
<td>3.4K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PZZA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.0</td>
<td>$2.6</td>
<td>$3.0</td>
<td>$55.00</td>
<td>$138.9K</td>
<td>3.4K</td>
<td>464</td>
</tr>
<tr>
<td>PZZA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$2.5</td>
<td>$2.45</td>
<td>$2.48</td>
<td>$45.00</td>
<td>$55.1K</td>
<td>82</td>
<td>463</td>
</tr>
<tr>
<td>PZZA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$1.85</td>
<td>$1.6</td>
<td>$1.7</td>
<td>$45.00</td>
<td>$44.2K</td>
<td>1.2K</td>
<td>482</td>
</tr>
<tr>
<td>PZZA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.45</td>
<td>$2.3</td>
<td>$2.44</td>
<td>$45.00</td>
<td>$42.5K</td>
<td>82</td>
<td>212</td>
</tr>
</tbody>
</table>

<h3>About Papa John's International</h3>
Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 5,900 restaurants across nearly 50 countries at the end of 2023. The firm operates a predominantly franchised system, owning 11% of its restaurants and generating revenue from franchise royalties, sales of pizza and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the fourth-largest limited-service pizza chain both in the US and globally, with a sizable presence in the UK, China, South Korea, and Chile.
In light of the recent options history for Papa John's International, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Papa John's International</h3>
<ul>
<li>Currently trading with a volume of 1,054,758, the PZZA's price is up by 2.76%, now at $46.1. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 80 days.</li>
</ul>
<h3>Professional Analyst Ratings for Papa John's International</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $52.6.
<ul>
<li>An analyst from BMO Capital has decided to maintain their Outperform rating on Papa John's International, which currently sits at a price target of $65. </li>
<li>An analyst from Keybanc has decided to maintain their Overweight rating on Papa John's International, which currently sits at a price target of $50. </li>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Papa John's International with a target price of $50. </li>
<li>Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $51.</li>
<li>An analyst from UBS persists with their Neutral rating on Papa John's International, maintaining a target price of $47. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Papa John's International with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Behind the Scenes of Papa John's International's Latest Options Trends

Deutsche Bank analyst Lauren Silberman maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Hold and lowers the price target from $58 to $45.

Deutsche Bank Maintains Hold on Papa John's International, Lowers Price Target to $45

BMO Capital analyst Andrew Strelzik maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Outperform and lowers the price target from $75 to $65.

BMO Capital Maintains Outperform on Papa John's International, Lowers Price Target to $65

UBS analyst Dennis Geiger maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Neutral and lowers the price target from $58 to $47.

UBS Maintains Neutral on Papa John's International, Lowers Price Target to $47

Piper Sandler analyst Brian Mullan maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Neutral and lowers the price target from $61 to $50.

Piper Sandler Maintains Neutral on Papa John's International, Lowers Price Target to $50

Papa John's gains as its focus on value perception starts to pay off

Reports Q3 revenue $506.8M, consensus $$497.27M. "In my first few months at Papa Johns, I have been impressed with the disciplined execution of our...

Papa John's reports Q3 EPS 43c, consensus 43c

Papa John's International, Inc. (PZZA) Q3 2024 Earnings Call Transcript

Restaurant Brands: Showing Why They're 'International'

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Positive Outlook for Papa John's: Buy Rating Supported by Strategic Initiatives and Improving Trends

KeyBanc raised the firm's price target on Papa John's (PZZA) to $62 from $50 and keeps an Overweight rating on the shares following in-line Q3 earn...

Papa John's price target raised to $62 from $50 at KeyBanc

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Analysts Offer Insights on Consumer Cyclical Companies: Papa John's International (PZZA) and H&R Block (HRB)

KeyBanc analyst Eric Gonzalez downgraded Papa John's (PZZA) to Sector Weight from Overweight without a price target The firm says its industry conv...

Papa John's downgraded to Sector Weight from Overweight at KeyBanc

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Entertainment

Press Releases

PEPSI® "CHASE CARS" GUARANTEE EVERY PIZZA DELIVERY ARRIVES WITH A PEPSI TO UNLOCK MAXIMUM FLAVOR

Papa Johns to Report 2024 Third Quarter Results on November 7, 2024

Shaq-a-Roni Returns to Papa Johns for the 5th Year, Reinforcing the Brand's Commitment to Better Communities

Shaq-a-Roni Returns to Papa Johns, Reinforcing Its Commitment to Better

Papa Johns to Host Analyst and Investor Meeting on December 12, 2024

Papa Johns Declares Quarterly Dividend

Papa Johns Announces Third Quarter 2024 Financial Results

Papa Johns Announces Jenna Bromberg as Chief Marketing Officer

Papa Johns and Aviation American Gin are Spicing Up the Cocktail Scene With the 'Cini Tini'

Papa Johns and Aviation American Gin are Spicing Up the Cocktail Scene with the 'Cini Tini'

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Papa John's

암호화폐 세계의 전설적인 날인 5월 22일은 비트코인(CRYPTO:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/btc-usd" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for BTC/USD">BTC</a>) ​​피자의 날로 기념된다. 현재 수천 달러의 가치가 있는 이 디지털 화폐가 이날 처음으로 상업적 목적으로 사용되었다.
어떤 일이 있었나 (What Happened): 약 14년 전, 플로리다에 거주하는 소프트웨어 개발자 라즐로 하니에츠(Laszlo Hanyecz)는 자신도 모르게 암호화폐 커뮤니티에 소중한 날을 선물했다. 그는 파파존스 인터내셔널(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>)에서 피자 2판 값을 지불하기 위해 10,000 비트코인을 지불했다.
비트코인 <a href="https://bitcointalk.org/index.php?topic=137.0">포럼</a>에 안전하게 보존된 이 역사적인 대화는 이벤트의 전환에 대한 세부정보를 공개한다.
2010년 5월 18일, 하니에츠는 &#8220;피자 두 판에 10,000 비트코인을 지불하겠습니다&#8230; 예를 들어 큰 피자 2판 정도라면 다음 날 먹을 분량이 남을 것이다&#8221;라고 썼다.
그의 전화는 응답되었고, 4일 만에 그는 포럼에 10,000 비트코인을 피자 두 판으로 &#8220;성공적으로&#8221; 교환했다고 업데이트했다.
이 포럼의 대화에 따르면, 이 역사적인 날 1 비트코인의 가치는 0.0041달러였으며, 총 구매 금액은 41달러였다.
왜 중요한가 (Why It Matters): <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noopener">Benzinga Pro</a>의 데이터에 따르면, 지금은 2024년이고 비트코인은 당시 무명 디지털 통화에서 이 글을 쓰는 시점을 기준으로 1단위가 70,000달러에 해당하는 세계에서 가장 가치 있는 자산 중 하나로 발전했다.
이제 이 두 개의 피자는 7억 달러에 가까운 가치가 있게 돼서, 이는 역사상 가장 비싼 피자로 기록된다.
이 킹 크립토는 14년 동안 17,073,170배라는 놀라운 폭등을 기록했는데, 이는 현대 금융 역사상 유례가 없는 위업이다.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38517674/cathie-wood-raises-her-bitcoin-prediction-by-2-3-million-what-1-000-invested-could-be-wort" target="_blank" rel="noopener">비트코인의 가치가 앞으로 수백만 달러</a>에 달할 것이라는 예측과 함께, 이 상징적인 날짜는 암호화폐의 겸손한 시작을 계속해서 상기시키는 중요한 역할을 할 것이다.
파파존스의 주식은 시간외 거래에서 0.35% 상승했다.
다음 읽기: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38912346/bitcoin-pizza-week-crypto-spent-on-2-yummy-pies-14-years-ago-could-now-buy-jeff-bezos-yach" target="_blank" rel="noopener">비트코인 ​​피자 주간: 14년 전 맛있는 피자 2판에 지출한 암호화폐로 이제 제프 베이조스의 요트와 일론 머스크의 제트기를 구매할 수 있다 — 여유돈으로!</a>
Photo via Shutterstock

지난 4월부터 <a href="https://www.benzinga.com/general/24/01/36493680/mcdonalds-18-big-mac-meal-goes-viral-again-as-fast-food-minimum-wage-hike-to-20-triggers-fears-of-sk" target="_blank" rel="noopener">캘리포니아</a> 주 내 패스트푸드 직원들은 최저 시급 20달러를 받게 되었다.
이번 달 초부터 시행된 새 법률 덕분에 미국 전역에 60개 이상의 매장을 보유한 캘리포니아의 패스트푸드 체인점들은 그들의 직원들에게 더 많은 임금을 지급해야 한다.
작은 규모의 패스트푸드 점포들은 여전히 시간당 16달러의 주 최저임금을 적용받는다.
가장 큰 상장 패스트푸드 기업들로는 맥도날드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>); 스타벅스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>); 타코벨(Taco Bell)과 피자헛(Pizza Hut) 및 KFC를 소유하고 있는 얌! 브랜즈 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>); 웬디스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>); 버거킹(Burger King)를 소유한 레스토랑 브랜드 인터내셔널(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NASDAQ">QSR</a>); 치폴레 멕시칸 그릴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>); 파파 존스 인터내셔널(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) 그리고 잭인더박스 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>)) 등이 있다.
4월 1일에 이 법률이 시행된 이후 이 기업들의 많은 주식들이 가치를 잃었다.
더 읽어보기: <a href="https://www.benzinga.com//node/38083611">AI가 패스트푸드 직업을 뺏을까? KFC, 타코벨 운영사 얌 브랜즈가 챗GPT와 비슷한 봇을 운영 계획</a>
캘리포니아에서는 최저임금 인상이 꼭 필요하다고 여겨졌다. 무엇보다, <a href="https://www.rentcafe.com/cost-of-living-calculator/us/ca/">캘리포니아에서의 생활비</a>는 미국 전국 평균보다 약 38% 높다.
일부 패스트푸드 기업들은 직원 근무시간을 줄이고 메뉴 가격을 올리는 방안을 고려하고 있다.
인-앤-아웃 버거(In-N-Out Burger)의 사장 린시 스나이더(<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">Lynsi Snyder</a>)는 투데이(Today)와의 <a href="https://www.today.com/video/in-n-out-burger-president-shares-story-behind-family-run-business-208611397732">인터뷰</a>에서 &#8220;이 가격으로는 인상할 수 없다&#8221;고 말했다.
주로 캘리포니아에 400개 이상의 레스토랑을 소유하고 있는 그녀의 회사는 계속해서 비상장 기업으로 운영되고 있다. 스나이더는 프랜차이즈 모델을 공개하거나 공개할 계획이 없다고 말했다.
그러나 인-앤-아웃은 로스앤젤레스의 매장들에서 햄버거 한 개당 약 25센트씩 가격을 올렸다. 이는 다른 음식점들이 시행했던 가격 인상에 비해 낮은 수치이다.
뉴욕 포스트에 <a href="https://nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/" target="_blank" rel="noopener">따르면</a>, 로스앤젤레스의 버거킹 한 곳에서는 &#8220;더블 텍사스 와퍼(Double Texas Whopper)&#8221;의 가격이 15.09달러에서 16.89달러로 12% 인상되었다고 한다.
지난해 9월 법이 통과되기도 전에 많은 레스토랑 체인이 임금 인상 준비에 착수했다. 일부 회사에서는 자동화를 전략으로 모색하고 있으며, 이는 2017년 셀프 서비스 주문 키오스크를 통해 시작된 <a href="https://www.businessinsider.com/what-self-serve-kiosks-at-mcdonalds-mean-for-cashiers-2017-6">트렌드</a>이다.
인사이더(Insider)에 <a href="https://www.businessinsider.com/california-fast-food-minimum-wage-order-kiosks-burger-king-popeyes-2024-4" target="_blank" rel="noopener">따르면</a> 버거킹과 같은 주요 패스트푸드 프랜차이즈들은 새로운 디지털 주문 키오스크를 기존 직원들을 대체하기 위해 사용하고 있다고 한다.
버거킹 경영진은 최근에 발표한 보고서에서 디지털 셀프 서비스 화면과 상호작용할 때 손님들이 보다 큰 식사를 주문하는 경향이 있다고 지적했다.
10월에 캘리포니아 주지사인 개빈 뉴섬(Gavin Newsom)이 해당 법률에 서명한 후 맥도날드의 CEO인 크리스 켐프친스키(Chris Kempczinski)는 회사의 3분기 실적에 대한 통화에서 이 정책이 &#8220;단기간 내 프랜차이즈의 현금흐름에 확실히 타격을 줄 것&#8221;이라고 말했다.
그러나 이 새로운 법의 부차적인 영향은 캘리포니아의 패스트푸드 부문에 더 큰 문제를 일으킬 수도 있다. 잭인더박스(Jack-In-The-Box) 프랜차이즈 소유자는 일요일 비지니스 인사이더(Business Insider)와의 <a href="https://www.businessinsider.com/fast-food-california-expensive-diners-could-switch-to-chilis-applebees-2024-4">인터뷰</a>에서 패스트푸드 체인의 가격 상승이 브링커 인터내셔널(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) 또는 다인 브랜즈 글로벌(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>)의 자회사 애플비(Applebee)가 소유한 칠리스(Chili&#8217;s)와 같은 캐주얼 식당의 시장 점유율 손실을 의미할 수 있다고 추측했다.
캐주얼 다이닝 레스토랑은 가격을 변경하지 않고 계속 운영할 수 있다면 이익을 얻을 수 있다.
이제 읽어보세요: <a href="https://www.benzinga.com//node/37407897">웬디스 ‘다이나믹 프라이싱&#8217; 코멘트, 대중의 불만과 엘리자베스 워렌의 비판 이후 명확해졌다</a>
MidJourney AI의 이미지.

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