The Panic-Proof Portfolio (Stockchase Research)
Papa John's Intl.
PZZA-Q
PAST TOP PICK
Jan 26, 2021
(A Top Pick Sep 24/20, Up 19.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PZZA has achieved its $100 objective. To remain disciplined, we recommend covering 50% of the position. We also recommend trailing up the stop to $84, near the original entry recommendation. This will all but ensure a minimum return of over 9%.
Oversold now and an erratic chart. The founder should have kept his mouth shut, so the stock's come down to 2014 level. A buy and a hold here. (Analysts' price target: $51.08)
Stochchase Research Editor: Michael O'Reilly As the pandemic appears to be heading towards wave two, take-out vendors will continue to benefit. PZZA has done well thus far, with recently reported revenues rising by 15% over the year and sales up 28%. We recommend picking up this Top Pick with an eye to return return to $100 -- nearly a 20% return-- using $72 as stop-loss. Yield 1.05% (Analysts’ price target is $106.21)
(A Top Pick Sep 24/20, Up 0%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK of PZZA has triggered its stop at $84. We previously recommended covering 50% of the position at the $100 objective. To be disciplined we recommend covering the rest of the position. This would secure an overall return of 9.5% on the investment.
It has turned around since Starboard bought it in February 2019: revamped their menu, improved their technology, embraced 3rd-party delivery. Shares roughly soared 400% at the pandemic high, though has pulled back a lot to levels double since Feb 2019.
A turnaround story with tremendous value. Are offering deals in a time when customer confidence is falling due to inflation and general economic paralysis.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.