Wedbush's bullish views on Papa John's increased investors' confidence. On Wednesday, Papa John's stock rose to a high of $82.88 before closing at $82.71. The stock rose 4.2% from the previous day's closing price. Papa John's has returned 31%. So far this year, the company has outperformed the broader equity markets and its peers. The S&P 500 Index has declined by 3.6% during the same period. Domino's Pizza (NYSE:DPZ) and Yum! Brands (NYSE:YUM) have returned 27.9% and -14.2%, respectively.