Pizza chain Papa John's International Inc. said recently that its board approved a $50 million increase to its stock buyback program, bringing the total to $775 million.

The company said it has repurchased $705.1 million of its stock since the repurchase program began in 1999.

As of June 29, the Papa John's had about 28.7 million shares outstanding on a diluted basis.

The stock trades for 10x cash flow.

13.1

3 Stocks I Saw On TV, Dec. 20
Dan Fitzpatrick examines three stocks viewed on RealMoney.com: Papa John's, Activision and Cameco.

Click here to watch the video.

Good execution is a key to a company's stock price going higher, and here it is evident that Papa John's is the winner, Cramer said.

Domino's New Menu Item: Time
While the 30 minutes-or-less guarantee is gone, Domino's CEO David Brandon explains a new twist on an old campaign of offering pizza in 30 minutes or less.

Click here to watch the video.

Upgraded by Oppenheimer from Neutral to Buy

Pizza - Papa John's Intl.

Modern Graham: We would not feel comfortable paying more than $21.00/share for Papa Johns.