Papa John's International (NASDAQ:PZZA) Given a $42.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target for Papa John's International from $38.00 to $42.00, maintaining a "hold" rating, which suggests a potential downside in the stock price.
• Other brokerages, including Loop Capital and UBS Group, have differing price targets, with some maintaining "buy" ratings, while the average price target across analysts is $52.33.
• Papa John's reported $0.41 earnings per share for the last quarter, exceeding expectations and marking a 4.2% revenue increase year-over-year.

Papa John's International (NASDAQ:PZZA - Get Free Report) has been assigned a $42.00 price target by analysts at Stifel Nicolaus in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' target price would suggest a potential downside of 11.71% from the company's current price.

A number of other research analysts have also weighed in on the stock. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target (up previously from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. UBS Group reaffirmed a "neutral" rating and issued a $42.00 price target (up previously from $38.00) on shares of Papa John's International in a research note on Monday, August 4th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price target (up previously from $50.00) on shares of Papa John's International in a research note on Monday, August 11th. Loop Capital dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Papa John's International from $40.00 to $46.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $52.33.

Papa John's International Trading Down 0.1%

PZZA traded down $0.03 on Friday, hitting $47.57. 1,269,748 shares of the company's stock were exchanged, compared to its average volume of 963,769. Papa John's International has a twelve month low of $30.16 and a twelve month high of $60.75. The firm has a market cap of $1.56 billion, a PE ratio of 21.05, a P/E/G ratio of 2.64 and a beta of 1.13. The stock has a fifty day moving average of $46.53 and a two-hundred day moving average of $42.83.

Papa John's International (NASDAQ:PZZA - Get Free Report) last issued 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. 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 analysts' expectations of $515.48 million. During the same period last year, the firm posted $0.61 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts predict that Papa John's International will post 2.19 EPS for the current year.

Institutional Investors Weigh In On Papa John's International

A number of large investors have recently modified their holdings of PZZA. Caitong International Asset Management Co. Ltd boosted its position in Papa John's International by 4,646.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company's stock valued at $29,000 after buying an additional 697 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Papa John's International by 937.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $34,000 after purchasing an additional 769 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Papa John's International by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 947 shares of the company's stock worth $46,000 after purchasing an additional 611 shares in the last quarter. Investors Research Corp purchased a new stake in Papa John's International during the second quarter worth $49,000. Finally, Huntington National Bank boosted its position in Papa John's International by 7,600.0% during the second quarter. Huntington National Bank now owns 1,001 shares of the company's stock worth $49,000 after purchasing an additional 988 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.