Papa John's International (NASDAQ:PZZA) Sets New 12-Month Low at $60.24

Papa John's International, Inc. (NASDAQ:PZZA - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $60.24 and last traded at $60.84, with a volume of 148291 shares trading hands. The stock had previously closed at $61.69.

Analysts Set New Price Targets

A number of brokerages recently commented on PZZA. BMO Capital Markets lowered their target price on Papa John's International from $90.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. BTIG Research cut shares of Papa John's International from a "buy" rating to a "neutral" rating in a report on Friday, March 22nd. Benchmark reduced their target price on shares of Papa John's International from $95.00 to $87.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus upgraded shares of Papa John's International from a "sell" rating to a "hold" rating and dropped their price target for the stock from $65.00 to $60.00 in a research note on Monday, April 22nd. Finally, KeyCorp cut their price objective on Papa John's International from $84.00 to $78.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Papa John's International currently has an average rating of "Moderate Buy" and an average price target of $81.60.

Papa John's International Stock Down 1.2 %

The stock has a market cap of $2.01 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.69 and a beta of 1.14. The firm has a fifty day moving average of $67.07 and a 200 day moving average of $69.45.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.18. The firm had revenue of $571.32 million during the quarter, compared to analysts' expectations of $578.15 million. Papa John's International had a negative return on equity of 19.46% and a net margin of 3.84%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, equities research analysts forecast that Papa John's International, Inc. will post 2.61 EPS for the current fiscal year.

Insider Activity

In related news, Director Laurette T. Koellner sold 2,886 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $70.21, for a total transaction of $202,626.06. Following the transaction, the director now owns 18,804 shares in the company, valued at approximately $1,320,228.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cutler Group LLC CA acquired a new stake in shares of Papa John's International during the fourth quarter worth about $32,000. SRS Capital Advisors Inc. raised its stake in Papa John's International by 396.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company's stock valued at $32,000 after acquiring an additional 337 shares during the last quarter. Principal Securities Inc. acquired a new stake in Papa John's International during the 4th quarter worth approximately $41,000. Covestor Ltd increased its holdings in shares of Papa John's International by 277.8% in the third quarter. Covestor Ltd now owns 733 shares of the company's stock valued at $50,000 after purchasing an additional 539 shares during the period. Finally, CWM LLC raised its stake in shares of Papa John's International by 23.5% during the fourth quarter. CWM LLC now owns 819 shares of the company's stock worth $62,000 after purchasing an additional 156 shares during the last quarter.

Papa John's International Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.