JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
On Wednesday, Stifel analysts maintained a Hold rating on Papa John’s (NASDAQ:PZZA) stock, with a steady price target of $38.00, below the current trading price of $40.46. The decision follows a thorough review of the pizza chain’s recent earnings report and 10-Q filing. According to InvestingPro data, 11 analysts have recently revised their earnings expectations downward for the upcoming period. Stifel’s analysis led to a revision of their earnings per share (EPS) forecast for the fiscal year 2025, adjusting it down to $1.65 from the previous $1.86 estimate.
The revision in EPS estimates by Stifel is attributed to an expected increase in general and administrative (G&A) expenses and a higher tax rate for Papa John’s for the remainder of the year. The firm’s analysts have factored these anticipated changes into their financial model for the company, which influenced their decision to reiterate the Hold rating.
Papa John’s earnings report, which was the basis for Stifel’s updated model, provides a snapshot of the company’s financial performance. However, the details of the report and the specific figures regarding revenue, profit, or loss were not disclosed in the context provided.
The $38.00 price target set by Stifel suggests that the analysts see the stock trading around this level in the foreseeable future. Price targets are often used by investors to gauge the potential for a stock to rise or fall from its current level.
Stifel’s outlook for Papa John’s stock is cautious, as indicated by the Hold rating. This rating typically suggests that the analysts believe the stock should perform in line with the expectations for the overall market or sector in the near term. Investors often look to such ratings and price targets to help inform their trading decisions. For deeper insights into Papa John’s financial health and growth prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, available as part of its coverage of over 1,400 US stocks.
In other recent news, Papa John’s reported its first-quarter earnings for 2025, revealing a slight revenue beat with earnings per share (EPS) falling short of expectations. The company’s revenue reached $518.3 million, surpassing the forecast of $512.44 million, while EPS came in at $0.36, below the anticipated $0.39. Despite these mixed results, the company saw a 1% year-over-year increase in global system-wide restaurant sales. However, North American comparable sales declined by 2.7% year-over-year, indicating challenges in its core market.
Benchmark analyst Todd Brooks reaffirmed a Buy rating on Papa John’s stock with a $50.00 price target, citing the company’s strategic initiatives that have led to positive results, including a sequential improvement in sales and transactions. Conversely, Stifel analysts maintained a Hold rating with a $38.00 price target, noting a 2.7% decline in North American comparable sales for the first quarter. Despite the decline, Papa John’s observed improving sales trends as the quarter progressed, aided by initiatives like an overhauled loyalty program and a new marketing campaign.
Papa John’s management remains optimistic about its performance for the remainder of the year, projecting flat to 2% growth in full-year North American comparable sales. The company plans to invest an additional $25 million in marketing and aims to open 85-115 new North American restaurants. The company’s ongoing product innovation and strategic initiatives are expected to drive growth in the coming quarters.
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