08:35 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $56, 22x our 2025 EPS estimate, in line with its three-year forward average P/E. We keep our 2025 EPS estimate at $2.55, and raise 2026's to $3.12 from $2.87. We think PZZA is gaining market share over peers with a barbell pricing strategy, positioning value offerings next to premium offerings, and driving higher consumer engagement with a stepped-up marketing campaign. In Q1, PZZA added 1M new loyalty members following the launch of its revamped loyalty program, a significant increase considering PZZA added 2.5M in all of 2024, bringing its loyalty base to 37.7M. We think this strategy is the main driver behind sequentially improving comp growth in North America, where PZZA had lost market share. The results give us more confidence in our above-consensus estimates, especially as the company is implementing multiple margin drivers, like its Google Cloud partnership, supply chain cost efficiencies, and underperforming store closures. Thus, we reiterate Buy.