What the Options Market Tells Us About Papa John's International

Investors with a lot of money to spend have taken a bullish stance on Papa John's International PZZA.

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, Benzinga's options scanner spotted 9 uncommon options trades for Papa John's International.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 22%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $454,722, and 5 are calls, for a total amount of $441,845.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $47.5 to $100.0 for Papa John's International during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Papa John's International options trades today is 222.4 with a total volume of 12,607.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Papa John's International's big money trades within a strike price range of $47.5 to $100.0 over the last 30 days.

Papa John's International Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About 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.

Having examined the options trading patterns of Papa John's International, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Papa John's International's Current Market Status

• Trading volume stands at 1,306,825, with PZZA's price up by 0.46%, positioned at $53.47.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 83 days.

Professional Analyst Ratings for Papa John's International

5 market experts have recently issued ratings for this stock, with a consensus target price of $67.4.

• Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Papa John's International, targeting a price of $75.
• An analyst from Deutsche Bank persists with their Hold rating on Papa John's International, maintaining a target price of $58.
• An analyst from Stephens & Co. has revised its rating downward to Overweight, adjusting the price target to $75.
• An analyst from Wedbush has decided to maintain their Outperform rating on Papa John's International, which currently sits at a price target of $65.
• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Papa John's International with a target price of $64.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Papa John's International options trades with real-time alerts from Benzinga Pro.