Papa Johns International (NASDAQ:PZZA - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $50.00 price target on the stock. Stephens' price target would suggest a potential downside of 0.83% from the company's current price.
Several other brokerages have also issued reports on PZZA. Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Benchmark restated a "buy" rating and set a $50.00 target price on shares of Papa Johns International in a report on Monday, May 12th. Stifel Nicolaus decreased their target price on 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. UBS Group decreased their target price on Papa Johns International from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Loop Capital decreased their target price on Papa Johns International from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.25.
Read Our Latest Stock Analysis on Papa Johns International
Papa Johns International Stock Down 0.4%
Shares of Papa Johns International stock traded down $0.21 during midday trading on Thursday, hitting $50.42. The company's stock had a trading volume of 1,078,969 shares, compared to its average volume of 1,256,731. The firm has a market capitalization of $1.65 billion, a P/E ratio of 17.57, a PEG ratio of 2.41 and a beta of 1.18. The stock has a 50-day simple moving average of $39.03 and a 200-day simple moving average of $41.43. Papa Johns International has a 1-year low of $30.16 and a 1-year high of $60.75.
Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $518.31 million during the quarter, compared to analysts' expectations of $512.48 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. Papa Johns International's revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. As a group, sell-side analysts predict that Papa Johns International will post 2.19 earnings per share for the current year.
Institutional Trading of Papa Johns International
Several hedge funds have recently added to or reduced their stakes in PZZA. Arrowstreet Capital Limited Partnership raised its stake in Papa Johns International by 117.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company's stock worth $45,933,000 after buying an additional 603,650 shares during the period. Point72 Asset Management L.P. bought a new position in Papa Johns International during the 4th quarter worth about $17,328,000. NewEdge Wealth LLC bought a new position in Papa Johns International during the 1st quarter worth about $14,348,000. Segall Bryant & Hamill LLC increased its holdings in Papa Johns International by 131.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock worth $23,670,000 after purchasing an additional 327,300 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in Papa Johns International by 124.8% during the 4th quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company's stock worth $22,206,000 after purchasing an additional 300,138 shares in the last quarter.
Papa Johns International Company Profile
(
Get Free Report)
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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