It’s no secret traders and investors supported tech companies in droves in 2021. So perhaps overlooked is a certain Louisville, Kentucky-based pizza chain that has delivered impressive returns over the past year.
Since January 2021, Papa John’s Int’l Inc. stock’s 1-year return has outperformed several of the world’s most popular tech and consumer discretionary stocks: Amazon.com Inc., Snap Inc., Plug Power Inc., and Starbucks Corporation.
As of June 29, 2021, Papa John’s operated 5,400 restaurants, which included 588 company-owned and 4,812 franchised in 48 countries and territories. North American franchisees operate more than half the company’s total restaurants and pay a 5 percent royalty on sales. The company was founded in 1984.
Here’s how the returns break down from January 2021 to the present:
Plug Power is down from $53.97 to $24.96 for a return of -53.75 percent.
Snap is down from $54.31 to $41.36 for a return of -23.94 percent.
Starbucks is up from $104.60 to $107.57 for a return of 2.84 percent.
Amazon is up from $3,114.21 to $3,251.08 for a return of 4.40 percent.
And finally, Papa John’s is up from $93.33 a share to $127.67 for a return of 36.79 percent.
By Henry Khederian
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.