Wall St Analyst: Social Unrest Helping Pizza Sales

Analyst says people are staying in to eat instead of going out

Riots over police brutality, disturbances over fractious political rhetoric ... they're all good for the pizza business, so says one Wall Street firm.

KeyBanc raised its rating on shares of Papa John's on Wednesday, CNBC reported, saying more people were eating in instead of going out as social unrest escalated.

"We do not believe the consumer has 'entrenched,' but has likely shifted more in favor of convenience, benefiting pizza delivery operators like Papa John's," the bank's analyst wrote in a research report.

Shares in Papa John's rose sharply, gaining 3 percent on the upgrade. 

The bank said it expected the trend to continue at least through the November election, which could mean months of stronger sales. 

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