Papa John's International's (PZZA) Neutral Rating Reiterated at UBS Group

Key Points

• UBS Group has raised its price target for Papa John's International shares from $38.00 to $42.00, indicating a potential upside of 4.99% from its current price.
• Several analysts have varying ratings on the stock, with a consensus rating of "Hold" and a price target averaging $51.58.
• After recently reporting earnings, Papa John's had a net margin of 3.77% and revenues of $518.31 million, exceeding consensus estimates.

Papa John's International (NASDAQ:PZZA - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at UBS Group in a report released on Monday, MarketBeat Ratings reports. They presently have a $42.00 price target on the stock, up from their previous price target of $38.00. UBS Group's price objective suggests a potential downside of 3.05% from the company's previous close.

A number of other equities research analysts have also weighed in on PZZA. Stephens reiterated an "overweight" rating and set a $50.00 price objective on shares of Papa John's International in a report on Thursday, June 12th. Benchmark reiterated a "buy" rating and issued a $50.00 price target on shares of Papa John's International in a report on Monday, May 12th. Stifel Nicolaus dropped their price objective on Papa John's International from $40.00 to $38.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Finally, Loop Capital lowered their target price on Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $51.75.

Papa John's International Trading Down 1.5%

Shares of NASDAQ PZZA traded down $0.68 during midday trading on Monday, hitting $43.32. The company's stock had a trading volume of 861,112 shares, compared to its average volume of 1,338,949. The business's 50 day moving average is $46.65 and its two-hundred day moving average is $42.50. Papa John's International has a 12-month low of $30.16 and a 12-month high of $60.75. The firm has a market cap of $1.42 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 3.50 and a beta of 1.13.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $529.17 million for the quarter, compared to analyst estimates of $515.48 million. Papa John's International had a negative return on equity of 15.72% and a net margin of 3.77%. The business's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts predict that Papa John's International will post 2.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Alberta Investment Management Corp boosted its holdings in Papa John's International by 4.7% in the second quarter. Alberta Investment Management Corp now owns 129,133 shares of the company's stock worth $6,320,000 after acquiring an additional 5,833 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Papa John's International by 504.4% in the 2nd quarter. Cetera Investment Advisers now owns 62,916 shares of the company's stock valued at $3,079,000 after purchasing an additional 52,507 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Papa John's International in the 2nd quarter worth approximately $263,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Papa John's International by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,405 shares of the company's stock worth $411,000 after purchasing an additional 594 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Papa John's International by 4.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,571 shares of the company's stock valued at $371,000 after purchasing an additional 322 shares in the last quarter.

Papa John's 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.