Papa Johns International (NASDAQ:PZZA) Sets New 12-Month Low Following Analyst Downgrade

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report)'s share price reached a new 52-week low on Monday after Benchmark lowered their price target on the stock from $65.00 to $50.00. Benchmark currently has a buy rating on the stock. Papa Johns International traded as low as $30.18 and last traded at $30.68, with a volume of 98241 shares. The stock had previously closed at $31.16.

Several other brokerages have also recently weighed in on PZZA. UBS Group reduced their price target on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group lowered their price target on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Finally, Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Papa Johns International currently has an average rating of "Hold" and a consensus target price of $53.00.

Institutional Trading of Papa Johns International

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its position in shares of Papa Johns International by 117.4% during 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 during the last quarter. Bessemer Group Inc. lifted its stake in Papa Johns International by 2,758.7% during the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company's stock valued at $88,000 after acquiring an additional 2,069 shares during the period. Janney Montgomery Scott LLC bought a new position in Papa Johns International during the 1st quarter valued at about $509,000. Exchange Traded Concepts LLC bought a new stake in shares of Papa Johns International in the first quarter worth approximately $230,000. Finally, GAMMA Investing LLC grew its stake in shares of Papa Johns International by 506.3% in the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock worth $87,000 after acquiring an additional 1,772 shares during the period.

Papa Johns International Stock Up 0.9 %

The stock has a market capitalization of $1.10 billion, a PE ratio of 11.67, a PEG ratio of 2.41 and a beta of 1.25. The firm's fifty day moving average price is $40.47 and its two-hundred day moving average price is $43.85.

Papa Johns 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.