- KeyBanc analyst Eric Gonzalez maintained an Overweight rating on Papa John’s International Inc PZZA shares and lowered the price target to $105 from $110 (14% upside).
- The analyst thinks Papa John’s 2Q22 International segment trends missed consensus forecasts, primarily due to volatility in the U.K.
- Gonzalez further added that the company’s lower margin guidance suggests inflation pressures are likely to persist for longer than previously anticipated.
- The company reported $522.67 million in Q2 revenue, missing the consensus of $529.63 million.
- Price Action: PZZA shares closed lower by 2.07% at $91.95 on Friday.
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