There are business opportunities and then there are surreal business opportunities.
Casual-dining traffic nationally the past several weeks is down slightly – by 3 percent to 5 percent – and analysts believe it’s because of political and social unrest, according to MarketWatch.
On the other hand, with more families staying home, it is believed that pizza delivery businesses will benefit.
And that’s why Papa John’s stock recently was upgraded to a price target of $80, about 16 percent above its existing trading level, according to MarketWatch. (For the story, click here.)
In fact, KeyBanc Capital Markets analysts expect more stay-at-home eating through the November election, MarketWatch said.
What does it mean?
-- It could be time to buy Papa John’s and Domino’s stock. (Although some financial advisers say that once the news breaks on something, it’s too late to catch the wave.)
-- Local pizza shops could be for an uptick in business.
-- So could Chinese restaurants that deliver.
What else does it mean?
Don’t know, but suddenly I have a craving for a greasy pepperoni pizza.