Papa John’s Int’l (PZZA) Upgraded by Stifel Nicolaus to “Hold”

Papa John’s Int’l (NASDAQ:PZZA) was upgraded by equities research analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a research report issued on Wednesday, March 27th, MarketBeat reports. The firm presently has a $45.00 price target on the stock, up from their previous price target of $35.00. Stifel Nicolaus’ target price would indicate a potential downside of 8.65% from the company’s previous close.

Other analysts have also issued reports about the company. BidaskClub raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Citigroup reduced their target price on Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating for the company in a report on Friday, March 8th. ValuEngine lowered Papa John’s Int’l from a “buy” rating to a “hold” rating in a report on Friday, December 28th. Finally, Zacks Investment Research downgraded Papa John’s Int’l from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.17.

PZZA traded up $1.31 during midday trading on Wednesday, hitting $49.26. 604,962 shares of the company were exchanged, compared to its average volume of 935,711. The company has a market capitalization of $1.57 billion, a PE ratio of 36.76, a PEG ratio of 3.58 and a beta of 0.54. Papa John’s Int’l has a 1-year low of $38.05 and a 1-year high of $64.18.

Papa John’s Int’l (NASDAQ:PZZA) last issued its earnings results on Tuesday, February 26th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Papa John’s Int’l had a net margin of 0.10% and a negative return on equity of 16.11%. The firm had revenue of $373.98 million during the quarter, compared to the consensus estimate of $393.05 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was down 20.0% on a year-over-year basis. Equities research analysts forecast that Papa John’s Int’l will post 1.1 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Deprince Race & Zollo Inc. lifted its position in shares of Papa John’s Int’l by 6.6% during the first quarter. Deprince Race & Zollo Inc. now owns 688,073 shares of the company’s stock worth $36,433,000 after acquiring an additional 42,546 shares in the last quarter. Huber Financial Advisors LLC increased its holdings in shares of Papa John’s Int’l by 27.1% in the first quarter. Huber Financial Advisors LLC now owns 11,586 shares of the company’s stock worth $613,000 after purchasing an additional 2,468 shares during the period. St. Johns Investment Management Company LLC bought a new position in shares of Papa John’s Int’l in the first quarter worth $61,000. Meeder Asset Management Inc. increased its holdings in shares of Papa John’s Int’l by 78.9% in the first quarter. Meeder Asset Management Inc. now owns 16,528 shares of the company’s stock worth $875,000 after purchasing an additional 7,289 shares during the period. Finally, Massey Quick Simon & CO. LLC bought a new position in shares of Papa John’s Int’l in the first quarter worth $32,000. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Papa John’s Int’l Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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