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Papa John's International, Inc. (PZZA - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $38.51 –$45.70 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after the company announced that it has entered into an investment deal worth $200 million with Starboard Value LP.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Papa John's. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Papa John's currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Is PZZA going up? Or down? Predict to see what others think:Up or Down
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Papa John's (PZZA) Surges: Stock Moves 9% Higher
Papa John's International, Inc. (PZZA - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $38.51 –$45.70 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after the company announced that it has entered into an investment deal worth $200 million with Starboard Value LP.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Papa John's. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Papa John's currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Papa John's International, Inc. Price
Papa John's International, Inc. Price | Papa John's International, Inc. Quote
Investors interested in the Retail - Restaurants industry may consider El Pollo Loco Holdings, Inc. (LOCO - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is PZZA going up? Or down? Predict to see what others think:Up or Down
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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