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. The stock picked up sharply from the near-flat trend of $45.01 to $46.98 in the past one month time frame.
The upside was driven by reports suggesting that the company is looking for potential acquirers for its pizza restaurant chain.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Papa John's currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the Retail - Restaurants industry is BJ's Restaurants, Inc. (BJRI - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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