It’s no secret traders and investors supported tech companies in droves in 2021. So perhaps overlooked is a certain Louisville, Kentucky-based pizza chain that has delivered impressive returns over the past year.
Since January 2021, Papa John's Int'l, Inc. PZZA stock’s 1-year return has outperformed several of the world’s most popular tech and consumer discretionary stocks: Amazon.com, Inc. AMZN, Snap Inc SNAP, Plug Power Inc PLUG and Starbucks Corporation SBUX.
As of June 29, 2021, Papa John's operated 5,400 restaurants, which included 588 company-owned and 4,812 franchised in 48 countries and territories. North American franchisees operate more than half the company's total restaurants and pay a 5% royalty on sales. The company was founded in 1984.
Here's how the returns break down from January 2021 to the present:
• Plug Power is down from $53.97 to $24.96 for a return of -53.75%
• Snap is down from $54.31 to $41.36 for a return of -23.94%
• Starbucks is up from $104.60 to $107.57 for a return of 2.84%
• Amazon is up from $3,114.21 to $3,251.08 for a return of 4.40%
• And finally, Papa John’s is up from $93.33 a share to $127.67 for a return of 36.79%
Image by Igor Ovsyannykov from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.