Papa Johns is probably the official winner of the Coronavirus lockdowns. The company announced that they have had another record breaking month for the pizza chain. On Wednesday, the pizza chain announced their earnings, helping their stock price raise by 6% to $78.76.
Papa Johns’ stock has been on an increase for the 15 months or so. With the rise in stock price, activist investor Starboard Value has made $200 million from their original investment in February 2019.
“That stock was DOA when they went in on it,” said one analyst at a rival fund. “It was definitely on the way back even before the lockdowns.”
