Papa John’s International (NASDAQ:PZZA) Shares Down 4%

Papa John's International, Inc. (PJI) is a publicly traded company that operates in the pizza delivery and dine-in restaurant industry. The company was founded in 1984 by John Schnatter and has since grown to become one of the largest pizza chains in the world.

On May 20, 2023, Papa John's International reported that its NASDAQPZZA shares had fallen by 4% compared to the previous day's closing price. The company's stock is traded on the NASDAQ Global Select Market under the ticker symbol "PJNH."

The decline in the stock price may be attributed to a number of factors, including the ongoing COVID-19 pandemic, which has had a significant impact on the restaurant industry as a whole. Papa John's, like many other companies, has been affected by restrictions on indoor dining and changes in consumer behavior due to the pandemic.

Additionally, Papa John's has faced criticism and controversy in recent years over issues such as labor practices and allegations of racial discrimination. In 2019, the company settled a lawsuit with the Equal Employment Opportunity Commission (EEOC) for $2.6 million after an investigation found that the company had engaged in discriminatory hiring practices against African American job applicants.

Overall, while Papa John's International has faced challenges in recent years, it remains a significant player in the pizza industry and continues to operate in over 1,500 locations around the world.