Papa Johns International, Inc. (NASDAQ:PZZA) Receives $53.00 Average Target Price from Analysts

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) has received an average rating of "Hold" from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $53.00.

PZZA has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their price target on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research note on Wednesday, January 15th. Stifel Nicolaus decreased their price objective on Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. UBS Group decreased their price objective on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Finally, Benchmark decreased their price objective on Papa Johns International from $65.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, April 21st.

Papa Johns International Stock Performance

PZZA traded up $0.23 during trading hours on Wednesday, reaching $33.71. The company's stock had a trading volume of 926,239 shares, compared to its average volume of 1,246,929. Papa Johns International has a 52 week low of $30.16 and a 52 week high of $64.06. The company's 50-day moving average is $40.17 and its 200-day moving average is $43.70. The firm has a market cap of $1.10 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Institutional Trading of Papa Johns International

Several large investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Papa Johns International by 2.4% in the first quarter. Principal Financial Group Inc. now owns 162,923 shares of the company's stock valued at $6,693,000 after buying an additional 3,895 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Papa Johns International by 117.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company's stock valued at $2,040,000 after buying an additional 26,505 shares in the last quarter. Bessemer Group Inc. boosted its stake in Papa Johns International by 2,758.7% in the first quarter. Bessemer Group Inc. now owns 2,144 shares of the company's stock valued at $88,000 after buying an additional 2,069 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Papa Johns International in the first quarter valued at about $509,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Papa Johns International in the first quarter valued at about $230,000.

About Papa Johns International

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.