Papa John’s Int’l, Inc. (NASDAQ:PZZA) Receives $54.00 Average Target Price from Brokerages

Shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) have received an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $54.00.

A number of research firms recently issued reports on PZZA. Credit Suisse Group began coverage on Papa John’s Int’l in a research note on Tuesday, June 25th. They set a “neutral” rating and a $45.00 price objective on the stock. ValuEngine cut Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Stephens boosted their target price on Papa John’s Int’l from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Finally, MKM Partners started coverage on Papa John’s Int’l in a research report on Tuesday, August 13th. They set a “buy” rating and a $55.00 target price for the company.

In related news, major shareholder John H. Schnatter sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $42.80, for a total transaction of $4,280,000.00. Following the completion of the transaction, the insider now directly owns 5,409,583 shares in the company, valued at $231,530,152.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 43.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. KG&L Capital Management LLC boosted its holdings in shares of Papa John’s Int’l by 20.0% in the 2nd quarter. KG&L Capital Management LLC now owns 6,001 shares of the company’s stock worth $268,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC purchased a new position in shares of Papa John’s Int’l in the 1st quarter worth about $26,000. AE Wealth Management LLC purchased a new position in shares of Papa John’s Int’l in the 2nd quarter worth about $219,000. TD Asset Management Inc. boosted its holdings in shares of Papa John’s Int’l by 51.0% in the 1st quarter. TD Asset Management Inc. now owns 29,017 shares of the company’s stock worth $1,536,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in shares of Papa John’s Int’l by 34.2% in the 1st quarter. Dupont Capital Management Corp now owns 3,532 shares of the company’s stock worth $187,000 after purchasing an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Shares of PZZA traded down $1.78 during mid-day trading on Friday, hitting $43.06. The stock had a trading volume of 919,938 shares, compared to its average volume of 1,039,293. The firm has a market cap of $1.43 billion, a P/E ratio of 32.13, a PEG ratio of 3.19 and a beta of 0.43. The business has a fifty day moving average price of $45.07 and a 200-day moving average price of $47.08. Papa John’s Int’l has a 52 week low of $38.29 and a 52 week high of $60.56.

Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The company had revenue of $399.62 million for the quarter, compared to analyst estimates of $394.39 million. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts predict that Papa John’s Int’l will post 1.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, August 9th. Papa John’s Int’l’s payout ratio is 67.16%.

About Papa John’s Int’l

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.

Further Reading: When can a hold rating present a buying opportunity?

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

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