您现在的位置是:休閑 >>正文
【】
休閑6846人已围观
简介Papa John's International Inc. is poised to perform well as civil and political disruptions ahead of ...
Papa John's International Inc. is poised to perform well as civil and political disruptions ahead of a contentious U.S. election prompt Americans to stay in rather than eat out, according to KeyBanc Analyst Chris O'Cull.
The analyst upgraded the stock to "overweight" from "sector weight" and upped his price target to $80, which is the highest among analysts surveyed by Bloomberg.
SEE ALSO:Papa John's tumbles on sales miss, tepid profit outlookOn the heels of this upgrade, the stock is up more than 3 percent as of 11:00 a.m. New York time:

"After speaking with several large operators and industry contacts, we believe the recent decline in casual dining restaurant segment fundamentals—traffic down 3-5 percent the past several weeks—may be the result of consumers eating more at home amid the current political/social backdrop, which we believe could last through the November election," he writes. "We do not believe the consumer has 'entrenched,' but has likely shifted more in favor of convenience, benefiting pizza delivery operators like Papa John's."
While Americans may be bitterly divided on partisan lines, O'Cull thinks inexpensive Italian fare is something that transcends political affiliations.
SEE ALSO:Papa John’s is spending $100 million a year to clean up menuThis temporary trend towards eating in will prompt a wave of upward earnings-per-share revisions among the analyst community, which should buoy the stock.
The company is slated to report earnings after the market closes on Aug. 2.
Luke Kawa, Sebastian Silva and Joshua Fineman contributed to this report.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“夫榮妻貴網”。http://new.maomao321.com/news/29b8699884.html
相关文章
Did our grandparents have the best beauty advice?
休閑Do our grandparents really know what's best?They're older and wiser, and they have no shortage of ad ...
【休閑】
阅读更多Google expands self
休閑Let's hope autonomous cars like the heat.SEE ALSO:7 people who are perfectly happy to wait 2 years f ...
【休閑】
阅读更多Die, get cremated, then reborn in Shanghai's death simulator
休閑A new, morbid death simulation attraction has opened in Shanghai, and promises to take visitors on a ...
【休閑】
阅读更多
热门文章
- Man stumbles upon his phone background in real life
- Victoria Beckham's leg appears detached in Chinese 'Vogue' shoot
- Boeing’s new 737 economy seats are inspired by office furniture
- Boeing’s new 737 economy seats are inspired by office furniture
- Here's George Takei chilling in zero gravity for the 'Star Trek' anniversary
- Remaining suspect in Paris attacks is arrested
最新文章
This company is hiring someone just to drink all day
Still confused about the Panama Papers? This explainer will help you out
Hero octopus successfully escapes aquarium and finds his way to freedom
British model shuts down body
MashReads Podcast: What makes a good summer read?
The Bible may have been written earlier than thought, pottery reveals