Papa John's International (NASDAQ:PZZA) had its price objective reduced by Wedbush from $110.00 to $101.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Wedbush's price objective indicates a potential upside of 11.29% from the company's current price.
Several other analysts have also recently issued reports on PZZA. MKM Partners reduced their price target on shares of Papa John's International from $93.00 to $91.00 in a research report on Thursday, January 7th. Oppenheimer increased their price target on shares of Papa John's International from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Monday. Credit Suisse Group raised their target price on shares of Papa John's International from $110.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday. KeyCorp raised their target price on shares of Papa John's International from $94.00 to $115.00 and gave the company an "overweight" rating in a report on Monday. Finally, Stephens raised their price objective on shares of Papa John's International from $99.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus target price of $100.82.
Shares of PZZA opened at $90.75 on Friday. Papa John's International has a 12-month low of $28.55 and a 12-month high of $110.33. The firm has a 50-day moving average price of $100.42 and a 200 day moving average price of $89.21. The firm has a market capitalization of $2.99 billion, a P/E ratio of 113.44, a P/E/G ratio of 5.50 and a beta of 1.03.
Papa John's International (NASDAQ:PZZA) last announced its earnings results on Thursday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by ($0.02). Papa John's International had a negative return on equity of 18.31% and a net margin of 2.14%. As a group, equities analysts anticipate that Papa John's International will post 1.41 EPS for the current year.
In other news, Director Olivia F. Kirtley sold 14,138 shares of the stock in a transaction on Monday, November 30th. The stock was sold at an average price of $80.42, for a total value of $1,136,977.96. Following the completion of the transaction, the director now owns 205,280 shares of the company's stock, valued at $16,508,617.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 17.58% of the company's stock.
Several large investors have recently added to or reduced their stakes in PZZA. BlackRock Inc. grew its stake in shares of Papa John's International by 16.9% in the third quarter. BlackRock Inc. now owns 3,574,756 shares of the company's stock worth $294,131,000 after purchasing an additional 516,534 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Papa John's International by 226.8% in the third quarter. Lord Abbett & CO. LLC now owns 385,820 shares of the company's stock worth $31,745,000 after purchasing an additional 267,771 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Papa John's International by 83.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 506,356 shares of the company's stock valued at $42,964,000 after buying an additional 229,593 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Papa John's International by 200.2% during the fourth quarter. Principal Financial Group Inc. now owns 298,589 shares of the company's stock valued at $25,335,000 after buying an additional 199,126 shares in the last quarter. Finally, Peregrine Capital Management LLC bought a new position in Papa John's International during the fourth quarter valued at about $14,335,000.
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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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