12 Best Pizza Stocks to Buy According to Hedge Funds

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7. Papa John’s International, Inc. (NASDAQ:PZZA)

Hedge Fund Holders: 24

Papa John’s International, Inc. (NASDAQ:PZZA) operates and franchises pizza delivery and carryout restaurants. It also operates dine-in and delivery restaurants under the trademark Papa John’s in international markets. The company has around 5,906 Papa John’s restaurants in operation, which comprise 648 company-owned and 5,258 franchised restaurants in 50 countries and territories.

The company has been experiencing a challenging sales trend since the first half of fiscal 2024 and expects these trends to continue in 2025. Papa John’s International, Inc.’s (NASDAQ:PZZA) global system-wide restaurant sales for fiscal Q3 2024 were around $1.2 billion, down around 3% in constant currency.

However, Papa John’s International, Inc. (NASDAQ:PZZA) is urgently working to strengthen its business in the near term and long term. It is accelerating profitable growth in its restaurant system through several key elements. These include focusing on its core product proposition, which is traditional quality pizza. It is also optimizing its menu for more impactful product offerings. In addition, the company is employing technology to boost commercial and operational efficiency. It ranks seventh on our list of the 12 best pizza stocks to buy according to hedge funds.

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