Papa John's International's (PZZA) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Papa John's International's stock has been assigned a "hold" rating by Weiss Ratings, which reflects a consensus rating for the stock.
• Analysts have varied price targets, with Stephens setting it at $52.00 and Deutsche Bank at $46.00, contributing to an overall consensus price target of $50.00.
• The company's most recent quarterly earnings report showed an EPS of $0.41, exceeding estimates and indicating a 4.2% increase in revenue year-over-year.

Papa John's International (NASDAQ:PZZA - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

PZZA has been the subject of a number of other reports. Stephens reiterated an "overweight" rating and issued a $52.00 price target (up from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Papa John's International from $40.00 to $46.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Benchmark reiterated a "buy" rating and issued a $60.00 price target (up from $50.00) on shares of Papa John's International in a research note on Monday, August 11th. UBS Group restated a "neutral" rating and set a $42.00 target price (up from $38.00) on shares of Papa John's International in a research report on Monday, August 4th. Finally, Bank of America restated a "neutral" rating and set a $50.00 target price (down from $62.00) on shares of Papa John's International in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $50.00.

Papa John's International Stock Down 2.9%

Shares of PZZA stock opened at $43.23 on Wednesday. The company has a 50 day moving average price of $46.54 and a 200-day moving average price of $43.47. Papa John's International has a 52 week low of $30.16 and a 52 week high of $60.75. The firm has a market capitalization of $1.42 billion, a PE ratio of 19.13, a P/E/G ratio of 3.78 and a beta of 1.10.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Papa John's International had a net margin of 3.58% and a negative return on equity of 14.42%. The firm had revenue of $529.17 million during the quarter, compared to analyst estimates of $515.48 million. During the same period in the previous year, the business posted $0.61 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. 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 hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Papa John's International by 10.5% in the second quarter. Bank of America Corp DE now owns 1,700,062 shares of the company's stock worth $83,201,000 after purchasing an additional 161,906 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Papa John's International by 18.9% in the second quarter. Segall Bryant & Hamill LLC now owns 922,809 shares of the company's stock worth $45,162,000 after purchasing an additional 146,640 shares during the period. Geode Capital Management LLC boosted its position in shares of Papa John's International by 0.6% in the second quarter. Geode Capital Management LLC now owns 805,492 shares of the company's stock worth $39,426,000 after purchasing an additional 5,071 shares during the period. Brandes Investment Partners LP boosted its position in shares of Papa John's International by 271.6% in the second quarter. Brandes Investment Partners LP now owns 690,299 shares of the company's stock worth $33,783,000 after purchasing an additional 504,514 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Papa John's International by 31.3% in the first quarter. Russell Investments Group Ltd. now owns 428,961 shares of the company's stock worth $17,622,000 after purchasing an additional 102,137 shares during the period.

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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