Downgrades Buy Neutral X

PZZA Papa John’s

BofA Securities

$50

Downgrades Overweight Sec Weight X

PZZA Papa John’s

KeyBanc Capital Markets

Upgrades Sell Hold X

PZZA Papa John’s

Stifel

$65 $60

Resumed Overweight X

PZZA Papa John’s

Stephens

$75

Downgrades Buy Neutral X

PZZA Papa John’s

BTIG Research

Downgrades Outperform Perform X

PZZA Papa John’s

Oppenheimer

Downgrades Hold Sell X

PZZA Papa John’s

Stifel

$65

Downgrades Buy Hold X

PZZA Papa John’s

Stifel

$81 $65

Downgrades Outperform Neutral X

PZZA Papa John’s

Wedbush

$95

Initiated Hold X

PZZA Papa John’s

Deutsche Bank

$71

Upgrades Neutral Outperform X

PZZA Papa John’s

Wedbush

$80 $95

Initiated Neutral X

PZZA Papa John’s

Piper Sandler

$77

Initiated Buy X

PZZA Papa John’s

BofA Securities

$103

Downgrades Outperform Neutral X

PZZA Papa John’s

Wedbush

Downgrades Buy Neutral X

PZZA Papa John’s

Northcoast

Initiated Overweight X

PZZA Papa John’s

Stephens

$100

Upgrades Neutral Buy X

PZZA Papa John’s

Northcoast

$147

Initiated Buy X

PZZA Papa John’s

The Benchmark Company

$145

Downgrades Buy Hold X

PZZA Papa John’s

Deutsche Bank

$127 $136

Downgrades Buy Neutral X

PZZA Papa John’s

Northcoast

$136

Initiated Buy X

PZZA Papa John’s

Loop Capital

$147

Initiated Outperform X

PZZA Papa John’s

BMO Capital Markets

$105

Reiterated Outperform X

PZZA Papa John’s

Oppenheimer

$110 $125

Initiated Buy X

PZZA Papa John’s

MKM Partners

Initiated Neutral X

PZZA Papa John’s

Credit Suisse

$45

Upgrades Sell Hold X

PZZA Papa John’s

Stifel

$35 $45

Downgrades Hold Sell X

PZZA Papa John’s

Stifel

$38 $35

Reiterated Buy X

PZZA Papa John’s

Longbow

$52 $61

Reiterated Buy X

PZZA Papa John’s

Citigroup

$62 $51

Upgrades Sell Hold X

PZZA Papa John’s

Stifel

$35 $38

Upgrades Neutral Buy X

PZZA Papa John’s

Longbow

Reiterated Sell X

PZZA Papa John’s

Stifel

$38 $35

Upgrades Hold Buy X

PZZA Papa John’s

Jefferies

Downgrades Hold Sell X

PZZA Papa John’s

Stifel

$50 $38

Downgrades Buy Neutral X

PZZA Papa John’s

Longbow

PZZA  Papa John's International, Inc.

Papa John's International, Inc. (Papa John's) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John's. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise operations outside of the United States and Canada. As of December 25, 2016, there were 5,097 Papa John's restaurants in operation, consisting of 744 Company-owned and 4,353 franchised restaurants operating domestically in all 50 states and in 45 countries and territories. It offers pizza along with side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages.