Market Overview

Papa John's And Sonic: 2 Appetizing Stocks For Value-Hungry Investors

Papa John's And Sonic: 2 Appetizing Stocks For Value-Hungry Investors

Analysts at Citigroup identified on Monday two restaurant stocks that could offer value to investors looking to invest in the group. The firm's Gregory Badishkanian initiated coverage of both Papa John's Int'l, Inc. (NASDAQ: PZZA) and Sonic Corporation (NASDAQ: SONC) with bullish ratings.

Papa John's

Badishkanian initiated coverage of Papa John's stock with a Buy rating and $90 price target. The pizza chain offers investors a differentiated concept through unique advertising campaigns and partnerships. This business model appears to be sustainable over the long term as the company gains market share and grows out its store count.

While bears might argue the domestic promotional environment within the pizza restaurant is reason to avoid the stock, these fears are "overbaked" and represent an attractive entry point for longer-term investors.


Badishkanian initiated coverage of Sonic's stock with a Buy rating and $28 price target. As the largest drive-in chain in the U.S. with more than 3,500 restaurants across 45 states, the company certainly offers a differentiated concept. On top of that, the company's proven operating methods, diverse menu, an attractive value proposition and strong management team are all factors that are not included in the stock's current valuation.

Related Links:

5 Easy Ways To Get A Free (Or At Least Cheaper) Meal

11 Places To Eat Free On Your Birthday

Latest Ratings for PZZA

Jan 2020UBSInitiates Coverage OnNeutral
Jan 2020BTIGMaintainsBuy
Dec 2019Deutsche BankInitiates Coverage OnHold

View More Analyst Ratings for PZZA
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Price Target Initiation Restaurants Analyst Ratings Trading Ideas General Best of Benzinga


Related Articles (PZZA + SONC)

View Comments and Join the Discussion!

Latest Ratings

SOLOAegis CapitalMaintains4.0
TBPHHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at