Papa John's Int'l (NASDAQ:PZZA)'s stock had its "hold" rating reissued by research analysts at Jefferies Financial Group in a research note issued on Wednesday, AnalystRatings.com reports.
Other research analysts have also issued reports about the company. UBS Group raised their target price on Papa John's Int'l from $67.00 to $78.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. BTIG Research raised their target price on Papa John's Int'l from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Oppenheimer reaffirmed a "hold" rating on shares of Papa John's Int'l in a research report on Thursday, May 7th. Stifel Nicolaus reaffirmed a "buy" rating and set a $95.00 target price on shares of Papa John's Int'l in a research report on Monday, June 15th. Finally, Longbow Research reissued a "buy" rating and issued a $95.00 price objective on shares of Papa John's Int'l in a research report on Tuesday, June 23rd. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of "Buy" and a consensus price target of $81.07.
Shares of NASDAQ PZZA traded up $4.41 during mid-day trading on Wednesday, hitting $88.29. 97,321 shares of the stock traded hands, compared to its average volume of 722,193. Papa John's Int'l has a twelve month low of $28.55 and a twelve month high of $85.76. The company has a market cap of $2.70 billion, a PE ratio of 4,414.50, a price-to-earnings-growth ratio of 8.17 and a beta of 0.95. The firm has a 50 day simple moving average of $80.00 and a two-hundred day simple moving average of $67.56.
Papa John's Int'l (NASDAQ:PZZA) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.40 by ($0.25). The company had revenue of $409.86 million for the quarter, compared to the consensus estimate of $413.61 million. Papa John's Int'l had a negative return on equity of 14.40% and a net margin of 0.92%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities analysts anticipate that Papa John's Int'l will post 1.27 EPS for the current year.
In other news, COO Jack H. Swaysland sold 1,420 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $82.07, for a total value of $116,539.40. Following the transaction, the chief operating officer now owns 20,030 shares in the company, valued at approximately $1,643,862.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.58% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of PZZA. Alliancebernstein L.P. increased its holdings in shares of Papa John's Int'l by 17.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,423,576 shares of the company's stock worth $216,199,000 after purchasing an additional 502,928 shares during the period. Westfield Capital Management Co. LP grew its position in Papa John's Int'l by 70.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 838,896 shares of the company's stock worth $52,976,000 after acquiring an additional 347,476 shares in the last quarter. Norges Bank purchased a new position in Papa John's Int'l in the fourth quarter worth $17,975,000. Maverick Capital Ltd. grew its position in Papa John's Int'l by 843.2% in the fourth quarter. Maverick Capital Ltd. now owns 229,467 shares of the company's stock worth $14,491,000 after acquiring an additional 205,138 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its position in Papa John's Int'l by 65.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 492,841 shares of the company's stock worth $31,123,000 after acquiring an additional 194,116 shares in the last quarter.
About Papa John's Int'l
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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