PZZA Stock Summary and Trading Ideas (Papa John's International | NASDAQ:PZZA)

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 trades on the NASDAQ stock market under the symbol PZZA.

As of April 18, 2024, PZZA stock price climbed to $61.35 with 764,790 million shares trading.

PZZA has a beta of 1.02, meaning it tends to be more sensitive to market movements. PZZA has a correlation of 0.21 to the broad based SPY ETF.

PZZA has a market cap of $2.13 billion. This is considered a Mid Cap stock.

Last quarter Papa John's International reported $571 million in Revenue and $.91 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.19.

In the last 3 years, PZZA stock traded as high as $140.68 and as low as $60.24.

The top ETF exchange traded funds that PZZA belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

PZZA has underperformed the market in the last year with a price return of -18.0% while the SPY ETF gained +22.3%. PZZA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.2% and -6.3%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

PZZA support price is $59.79 and resistance is $62.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PZZA stock will trade within this expected range on the day.