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Papa John's rallies after chairman steps down

Published 07/12/2018, 08:15 AM
© Reuters.  Papa John's rallies after chairman steps down
PZZA
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  • Papa John's (NASDAQ:PZZA) is higher in early trading after the resignation of Chairman John Schnatter removes a significant overhang on the restaurant stock.
  • The early indication from analysts is that Papa John's stands a good chance of re-invigorating the brand with the NFL-Schnatter flap now behind it.
  • Shares of PZZA are up 3.58% in premarket trading to $50.06 vs. a 52-week range of $47.80 to $81.09. Over the last 52 weeks, Papa John's fell 36% in comparison to the 33% increase for Domino's Pizza.
  • Previously: Papa John's founder resigns as chairman (July 12)
  • Now read: NATO Agrees To Step It Up Post Trump Tirade (Wall Street Breakfast Podcast)


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