Pizza chain Papa John's (PZZA, Financial) experienced a significant stock price drop of 5.08%. The stock is currently trading at $49.19 per share with a trading volume of 571,382 shares, a turnover rate of 1.75%, and a price fluctuation of 4.91%.
Recent financial reports highlighted that PZZA generated revenue of $508 million, with a net profit of $12.24 million, earnings per share of $0.37, gross profit of $85.94 million, and a price-to-earnings ratio of 23.47. Of the 20 institutions covering the stock, 55% recommend buying, and 45% suggest holding, with no sell recommendations.
In the broader restaurant sector, the overall decline was 0.90%. Notably, companies like Tiandi Hui and Tehai International saw considerable gains, while others like Tiandi Hui, Xiangsong International, and Dine Brands Global Inc were highly active. Stocks with significant volatility included Xiangsong International, Tiandi Hui, and Pinstripes Holdings, Inc.
Papa John's operates globally, franchising thousands of pizza delivery and carryout restaurants. It earns significant revenue domestically, with over half of its restaurants under North American franchises that pay a 5% franchise fee. Franchisees in North America can purchase necessary ingredients through the company's quality control centers, while international franchises or third parties manage similar centers abroad.
