Papa Johns (PZZA)
Runs and franchises Papa Johns pizza restaurants, supported by North America commissaries.
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Sells pizza and related food through company-owned and franchised restaurants, while supplying North American stores through commissaries. Most restaurants are franchised, and the model also includes royalties, development rights, advertising funds, and digital support services.
Operates and franchises pizza delivery and carryout restaurants under the Papa Johns trademark, with company-owned stores, North America franchising, North America commissaries, and International as reportable segments. Revenue comes from restaurant sales, franchise royalties and rights, commissary supply, advertising funds, and technology-related support.
The brand centers on pizza and related food and beverage products, anchored by the Better Ingredients. Better Pizza. quality promise. Most restaurants are franchised, while company-owned locations remain part of the domestic base.
Geography is anchored in North America with international restaurants across many countries and territories. The business depends on franchisee execution, commissary supply economics, owned-channel demand, and competition from pizza chains, aggregators, delivery concepts, and prepared-meal retailers.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | UBS | Reiterate | Rating: —Target: $42 | Target: $28 |
| Aug 7, 2026 | Stephens | Downgrade | Target: $50 | Target: $24 |
| Aug 7, 2026 | Benchmark | Downgrade | ||
| Aug 7, 2026 | Jefferies | Reiterate | Rating: —Target: $144 | Target: $26 |
| Aug 7, 2026 | Mizuho Securities | Target | Target: $32 | Target: $26 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $28.5M · Total debt $935.5M · Total assets $805.0M · Shareholders' equity −$453.1M
- Revenue
- $482.4M
- Operating income
- $23.2M
- Net income
- $8.5M
HistoryDividendAnnual yield
| Institutions | 115.75% | 38.11M shares | |
|---|---|---|---|
| 289 holders · as of Jun 30, 2026 | |||
| Insiders | 5.73% | 1.89M shares | |
| 15 holders · as of Sep 10, 2026 | |||
| Strategic holders | 8.58% | 2.82M shares | |
| 2 holders · as of Nov 14, 2024 | |||
| Adds to | 130.06% | ||
32.92M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 130.06%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.06% | 4.96M | as of Jun 30, 2026 |
Earnest Partners LLCInstitution | 8.78% | 2.89M | as of Jun 30, 2026 |
Brandes Investment Partners, LPInstitution | 8.29% | 2.73M | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 6.87% | 2.26M | as of Jun 30, 2026 |
Managed Account Advisors LLCInstitution | 6.56% | 2.16M | filed Aug 12, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Domino's Pizza
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- Yum! Brands
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- DoorDash
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- Uber
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- McDonald's
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- Chipotle Mexican Grill
Fast-casual digital meal competitor for quality and convenience occasions
- Restaurant Brands International
Burger King and Popeyes parent competing across QSR meals and delivery
- Wingstop
Delivery-heavy franchised QSR peer competing for group meals and sides
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Papa Johns | $20.37 | +0.37% | $667.6M | 25.7 | 18.2 | 0.3 | −8.8% |
| Domino's Pizza | $298.81 | +0.97% | $9.79B | 16.8 | 14.8 | 1.9 | +4.3% |
| Yum! Brands | $140.12 | +0.57% | $38.42B | 17.5 | 20.8 | 4.4 | +12.2% |
| DoorDash | $194.75 | +0.48% | $84.46B | 101.5 | 55.8 | 5.3 | +35.6% |
| Uber | $70.34 | −0.71% | $144.20B | 15.6 | 18.2 | 2.6 | +12.2% |
| McDonald's | $250.69 | +1.13% | $176.12B | 20.1 | 18.9 | 6.4 | +3.7% |
| Chipotle Mexican Grill | $33.34 | +0.60% | $42.48B | 30.4 | 26.3 | 3.4 | +9.3% |
| Restaurant Brands International | $72.10 | −0.63% | $25.17B | 21.4 | 17.0 | 2.6 | +4.6% |
| Wingstop | $104.78 | −2.38% | $2.92B | 25.5 | 22.1 | 4.1 | +6.4% |
| Median | 20.8 | 19.9 | 3.7 | +7.9% |