Papa John's International Reaches New 52-Week High (PZZA)

NEW YORK ( TheStreet) -- Papa John's International (Nasdaq: PZZA) hit a new 52-week high Wednesday as it is currently trading at $39.43, above its previous 52-week high of $39.40 with 212,374 shares traded as of 2:03 p.m. ET. Average volume has been 194,300 shares over the past 30 days.

Papa John's International has a market cap of $950.9 million and is part of the services sector and leisure industry. Shares are up 2.8% year to date as of the close of trading on Tuesday.

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States. The company also operates dine-in and restaurant-based delivery restaurants in certain international markets. The company has a P/E ratio of 18.6, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Papa John's International as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Papa John's International Ratings Report.

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