Papa John's International Inc
PZZA: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$79.00 | Bmkthdq | Gvgsygm |
Papa John's Earnings: Still Some Upside After Development and International Woes Send Shares Reeling
Narrow-moat Papa John's posted tough third-quarter earnings, with pressure in its recently acquired U.K. stores and unit growth softness sending shares spiraling (down 4%-5%). We expect to lower our $76 fair value estimate by a mid-single-digit percentage after mulling over results, leaving shares trading at about a 15% discount to our revised valuation.