Here’s Why You Should Buy Stock in Papa John’s This Election Season
The coming election is affecting America in more ways than just the identity of the White House’s new tenant. It affects our eating habits, too. In fact, Papa John’s stock just got a major upgrade as political analysts are suggesting Americans “stay in, hunker down, and order a pizza.”
The tumultuous political climate apparently has us worried enough to stop going out for dinner and order lots of Papa John’s in the fall instead. Desperate times call for ravenous measures — so much so, that Papa Johns’ stock was upgraded from the average “sector weight” to “overweight.”
“After speaking with several large operators and industry contacts, we believe the recent decline in casual dining restaurant segment fundamentals—traffic down 3% to 5% the past several weeks—may be the result of consumers eating more at home amid the current political/social backdrop, which we believe could last through the November election,” KeyBanc Capital Markets noted, according to MarketWatch.
Thus far, Papa John’s shares are up a substantial 29.2 percent this year, so if you’re looking for a creative way to make some money off of the 2016 election chaos, your ticket to some smart investments could be as easy as a slice of pizza pie.