- The shares of Papa John’s (NASDAQ: PZZA) have received a $93 price target from UBS. These are the details.
The shares of Papa John’s (NASDAQ: PZZA) have received a $93 price target from UBS. And UBS analyst Dennis Geiger is maintaining a “Neutral” rating on the shares.
Geiger adjusted the rating following the company’s recently reported first-quarter results. Papa John’s had reported a Q1 EPS of $0.95, which was in line with analyst estimates of $0.95. And the revenue for the quarter was $542.7 million compared to the consensus estimate of $541.17 million.
Plus the company also revealed that the fiscal 2022 restaurant growth outlook was raised to 280 to 320 net new units and the new multi-year outlook provided for global restaurant count is expected to grow 6% to 8% annually for fiscal 2023 through 2025.
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