Papa John's International (NASDAQ:PZZA) Given New $42.00 Price Target 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) had its price objective increased by UBS Group from $38.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price target would indicate a potential upside of 4.99% from the company's current price.

PZZA has been the subject of a number of other research reports. Benchmark restated a "buy" rating and set a $50.00 target price on shares of Papa John's International in a research report on Monday, May 12th. Loop Capital cut their target price on shares of Papa John's International from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus dropped their price target on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, Stephens reiterated an "overweight" rating and issued a $50.00 price objective on shares of Papa John's International in a report on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.58.

Papa John's International Stock Down 4.3%

Shares of Papa John's International stock opened at $40.00 on Monday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 3.61 and a beta of 1.13. Papa John's International has a 12-month low of $30.16 and a 12-month high of $60.75. The company has a 50-day simple moving average of $46.84 and a 200 day simple moving average of $42.45.

Papa John's International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. The business had revenue of $518.31 million for the quarter, compared to the consensus estimate of $512.48 million. During the same quarter in the prior year, the company earned $0.67 EPS. The firm's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Papa John's International will post 2.19 earnings per share for the current year.

Hedge Funds Weigh In On Papa John's International

A number of large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Papa John's International during the fourth quarter worth $17,328,000. NewEdge Wealth LLC acquired a new stake in shares of Papa John's International in the first quarter valued at about $14,348,000. Boothbay Fund Management LLC raised its holdings in Papa John's International by 124.8% during the fourth quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company's stock worth $22,206,000 after acquiring an additional 300,138 shares in the last quarter. Woodline Partners LP acquired a new position in Papa John's International during the first quarter valued at approximately $10,115,000. Finally, Segall Bryant & Hamill LLC grew its stake in Papa John's International by 34.7% in the first quarter. Segall Bryant & Hamill LLC now owns 776,169 shares of the company's stock valued at $31,885,000 after purchasing an additional 199,840 shares in the last quarter.

About Papa John's 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.

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