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Papa John's International (PZZA) in Focus: Stock Moves 7.9% Higher

Zacks Equity Research
Updated

Papa John's International, Inc.PZZA was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $56.11 to $61.04 in the past one-month time frame.

The move came after the founder of the company resigned. Also, there are reports that JPMorgan boosted investment in Papa John’s.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Papa John's International, Inc. Price

Papa John's International, Inc. Price | Papa John's International, Inc. Quote

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Papa John's International currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Retail-Wholesale sector is Darden Restaurants, Inc. DRI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is PZZA going up? Or down? Predict to see what others think: Up or Down

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Darden Restaurants, Inc. (DRI) : Free Stock Analysis Report
 
Papa John's International, Inc. (PZZA) : Free Stock Analysis Report
 
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