Papa John's International Inc

BofA Securities analyst Sara Senatore reiterated a Buy rating on the shares of Starbucks Corp (NASDAQ:SBUX) with a price target of $108.00. The analyst rejects management's explanation of consumer caution, value seeking, and lagging throughput for the same store sales growth collapse in second-quarter FY24 earnings. Instead, the analyst attributes the precipitous slowdown to social media calls to boycott Starbucks over tensions in the Middle-East. Boycott related hashtags were 10,000x higher on the Oct. 23 peak (21,800) than they were on the Oct. 3 trough. Volume spiked to an all-time high on Jan.13 (47,000) before reaching lower peaks in early Feb., mid-March and early-April, noted the analyst. A 2017 incident where Chipotle Mexican Grill Inc (NYSE:CMG) ...Full story available on Benzinga.com

Related tickers: PZZA, SBUX, CMG, MCD, WEN, YUM, QSR.

Papa John's (PZZA) fiscal first-quarter top line reflects lower contributions in the North American commissary segment owing to lower transaction volumes and commodity price declines.

Related tickers: MCD, CMG, PZZA, YUMC.