Papa Johns International (NASDAQ:PZZA) Price Target Lowered to $50.00 at Benchmark

Papa Johns International (NASDAQ:PZZA - Get Free Report) had its target price cut by stock analysts at Benchmark from $65.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Benchmark's target price suggests a potential upside of 49.34% from the company's current price.

Several other analysts have also issued reports on PZZA. Jefferies Financial Group cut their price target on Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Stephens reiterated an "overweight" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. UBS Group decreased their target price on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Loop Capital dropped their price target on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus reduced their price objective on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $53.00.

Papa Johns International Trading Up 0.9 %

PZZA stock traded up $0.29 during midday trading on Monday, reaching $33.48. 764,414 shares of the company's stock traded hands, compared to its average volume of 1,248,216. Papa Johns International has a 52-week low of $30.16 and a 52-week high of $64.06. The stock has a market cap of $1.10 billion, a P/E ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25. The stock's 50-day moving average is $40.47 and its 200 day moving average is $43.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PZZA. Wilmington Savings Fund Society FSB boosted its stake in Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after buying an additional 450 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of Papa Johns International during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its position in shares of Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after acquiring an additional 717 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Papa Johns International in the fourth quarter valued at $58,000. Finally, State of Wyoming bought a new stake in Papa Johns International in the fourth quarter worth $87,000.

Papa Johns International Company Profile

Papa John's International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.