PZZA shares surged 7% last week on reports of a Qatari-backed buyout, but skepticism from BTIG weighs on the deal’s credibility.
BTIG analyst Peter Saleh questioned the viability of a reported bid to acquire Papa John’s International (PZZA), dampening optimism around the proposed deal. The pizza chain’s stock climbed over 7% last week following speculation that its largest franchisee would partner with Qatari-backed Irth Capital on the offer.
Prior reports suggested the bid could value PZZA at a significant premium, though no formal offer has been disclosed. The stock’s recent rally reflects investor enthusiasm, but analyst skepticism may temper expectations.
No immediate market reaction was detailed, though the stock’s momentum could face headwinds if doubts persist.