La chaîne d'options affiche les données clés des options sur actions de Papa John's International à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Papa John's International..

Papa John's International (NASDAQ:PZZA) Stock, Chaîne d'Options

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.

Papa John's International, Inc. - Common Stock

Papa John's International Inc

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.
Also Read:&nbsp;
<ul>
<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>
</ul>

Earnings

Equities

News

Guidance

Markets

Movers

General

PZZA

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.

Price Target

Reiteration

Analyst Ratings

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

Restaurants

Small Cap

Trading Ideas

CBRL

SBUX

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>
Read More: 
<ul>
<li>C<a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">ramer: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>

Short Ideas

Pre-Market Outlook

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

Keybanc analyst Eric Gonzalez maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Overweight and lowers the price target from $64 to $50.

Keybanc Maintains Overweight on Papa John's International, Lowers Price Target to $50

Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the <a href="https://www.benzinga.com/markets/equities/24/08/40237781/wall-street-ends-wednesday-in-the-red-as-risk-sentiment-remains-fragile-s-p-500-movers-at-the-cl">red the previous day.</a>
Weekly jobless claims numbers, which came in at 233,000 last week — a significant drop from the previous 250,000 and below the expected 240,000 — <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/08/40251833/weekly-unemployment-claims-decline-more-than-expected-cool-recession-concerns-stocks-r">helped ease recession fears. </a>
Additionally, the notable decline in weekly claims in Texas suggests that a one-off event like Hurricane Beryl might have contributed to the increase in claims and the July unemployment rate, thus alleviating fears of a more structural trend.
Technology stocks are leading the charge, with the Nasdaq 100 showcasing a 2.2% rally. Among tech stocks, semiconductors are shining, with AI-linked trade back on track after significant <a href="https://www.benzinga.com/markets/equities/24/08/40259139/tech-stocks-rally-after-5-day-slump-as-recession-panic-eases-nasdaq-100-movers-to-watch-thursday">sell-offs in recent days.</a>
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) rallied 5.7%, returning above its 200-day moving average after falling below it last Friday. Industrial, consumer discretionary and energy stocks are also posting significant gains.
The dollar continues its recovery against the Japanese yen after being hit by the unwinding of the carry trade until Monday. The dollar-yen exchange rate is looking at its third consecutive day of gains, continuing to reflect the dovish remarks made by the <a href="https://www.benzinga.com/markets/asia/24/08/40223986/traders-resume-yen-dollar-carry-trade-as-bank-of-japan-pledges-no-rate-hikes-during-market-volatilit">Bank of Japan on Wednesday.</a>
Bonds, which alongside the yen were favored during past sessions marked by recession fears, are now retracing as yields rise across the Treasury curve. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled by 0.8% on Thursday, eyeing its third straight session of declines. The yield on the 10-year Treasury note surged by 5 basis points to 4%.
Commodities are showing solid gains, with gold and silver up by 1.5% and 3.5%, respectively. Oil is up 0.8%, with West Texas Intermediate (WTI) light crude returning above the $75 per barrel level.
Cryptocurrencies are soaring, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) posting a 7.9% daily gain, on track for its best session in about three months.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,267.70</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,285.21</td>
<td>1.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,063.97</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,231.86</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:44 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent080824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 1.7% to $527.46.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;increased by 1.2% to $392.63.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.4% to $445.17.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) gained 1.7% to $205.38.</li>
<li>All the sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, up by 2.8%. The more defensive Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) witnessed the lowest surge, up by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Technology stocks rallying on improved risk sentiment are: 
<ul>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 7.8%,</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 7.1%,</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 6.2%,</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) up 6.1%,</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 6%, </li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) up 5.9%</li>
</ul>
Stocks moving on earnings reports are: 
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) up 9.9%</li>
<li>Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) down 17%</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) down 31%</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>) down 6%</li>
<li>CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) up 7.2%</li>
<li>Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) down over 17%</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) up nearly 22%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), up 15%</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) up 2.8%</li>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) up 14,</li>
<li>Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 1.2%</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) down 11%</li>
<li>Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) up 2.5%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 7%</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) down 0.5%</li>
<li>Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) up 2.3%</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) up 2.22%</li>
<li>Under Armor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) up 18%</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) up nearly 37%</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) down nearly 9%</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) up nearly 19%. </li>
</ul>
Those reporting after the close are Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), elf Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), and Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>).
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40257259/robinhood-is-doing-everything-right-analysts-focus-on-new-products-traders-taking-m">Robinhood Is Doing &#8216;Everything Right&#8217;: Analysts Focus On New Products, Traders Taking Market Share From Competitors</a></li>
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Photo: Shutterstock

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Wall Street Rallies As Economic Concerns Recede, Tech Flexes Its Muscles, Semiconductors Soar: What's Driving Markets Thursday?

On Thursday, Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) reported a second-quarter fiscal 2024 decline of 1.3% year-over-year to $507.894 million, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40247090/papa-johns-announces-second-quarter-2024-financial-results" rel="noreferrer noopener">missing the consensus of $520.519 million</a>.
The company reported adjusted earnings per share of 61 cents, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the street view of 53 cents.</a>
North America comparable sales were down 4%, and International comparable sales were flat. The second quarter saw 31 net unit closures due to planned strategic international closures, including 43 company-owned restaurants in the U.K.
Global system-wide restaurant sales were $1.20 billion, down 1% from last year, mainly due to lower North America comparable&nbsp;sales, partly offset by net unit growth.
Adjusted operating income of $38 million increased 4% on improved restaurant-level margins and continued focus on cost discipline.
The company&#8217;s net cash provided by operating activities for the six months ended June 30 totaled $41.96 million, down from $93.73 million a year ago. Free cash flow stood at $12.8 million.
The company paid cash dividends of $15.1 million in the second quarter of 2024. The company&#8217;s third-quarter dividend of $0.46 per common share will be paid on August 30 to stockholders of record on August 19. As of June-end, there were 5,883 Papa Johns restaurants operating in 49 countries and territories.
&#8220;Papa Johns&#8217; commitment to maintaining the quality of our product and brand as well as managing our costs drove continued improvement in restaurant-level margins and Adjusted operating income, helping to offset our softer sales in the second quarter. During the quarter, demand for our core product — pizza, remained solid despite facing a highly promotional QSR environment and a more value-conscious consumer,&#8221; commented Ravi Thanawala, Chief Financial Officer.
&#8220;We are actively pursuing opportunities that sharpen our focus, improve unit economics, drive unit development and provide an excellent consumer experience,&#8221; added Thanawala.
Price Action: PZZA shares are trading higher by 4.50% at $44.40 at the last check Thursday.
Photo by Don Sniegowski <a href="https://www.flickr.com/photos/sniegowski/20181336034">via Flickr</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40254447/parker-hannifin-q4-earnings-aerospace-segment-shines-upbeat-annual-outlook-stock-soars" target="_blank" rel="noreferrer noopener">Parker-Hannifin Q4 Earnings: Aerospace Segment Shines, Upbeat Annual Outlook, Stock Soars</a></li>
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Papa John's Q2 Results: Strategic Closures And EPS Beat Drive Stock Higher

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 $60 price target.

Stephens & Co. Reiterates Overweight on Papa John's International, Maintains $60 Price Target

BofA analyst Sara Senatore raised the firm's price target on Papa John's (PZZA) to $71 from $66 and keeps a Buy rating on the shares. The firm is a...

Papa John's price target raised to $71 from $66 at BofA

Over the years, I've highlighted particular gaming REITs, net-lease examples, REITs for offices, apartments, and malls, and so on. But one particular real estate segment still takes my cake every time: shopping center REITs.

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Notable companies reporting before tomorrow's open, with earnings consensus, include Transdigm (TDG), consensus $9.32… Becton Dickinson (BDX), cons...

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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

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

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