Brokerages Set Papa Johns International, Inc. (NASDAQ:PZZA) Target Price at $60.82

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) have earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $60.82.

PZZA has been the topic of several research reports. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a research note on Friday, December 13th. UBS Group increased their price objective on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research note on Friday, December 13th. Finally, Bank of America boosted their price target on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its position in shares of Papa Johns International by 47.3% during the 2nd quarter. Raymond James & Associates now owns 90,131 shares of the company’s stock worth $4,234,000 after purchasing an additional 28,957 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Papa Johns International by 21.6% in the second quarter. Fifth Third Bancorp now owns 39,207 shares of the company’s stock valued at $1,842,000 after acquiring an additional 6,954 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Papa Johns International by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the company’s stock worth $780,000 after acquiring an additional 400 shares during the last quarter. Peregrine Capital Management LLC increased its position in Papa Johns International by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 130,066 shares of the company’s stock worth $6,111,000 after acquiring an additional 1,691 shares during the period. Finally, Natixis Advisors LLC raised its stake in Papa Johns International by 36.0% during the 2nd quarter. Natixis Advisors LLC now owns 102,236 shares of the company’s stock valued at $4,803,000 after purchasing an additional 27,059 shares during the last quarter.

Papa Johns International Stock Down 2.5 %

Shares of Papa Johns International stock opened at $38.91 on Thursday. Papa Johns International has a 12 month low of $38.80 and a 12 month high of $78.67. The stock has a market cap of $1.27 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.16. The business has a fifty day simple moving average of $49.94 and a 200-day simple moving average of $47.89.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. Analysts expect that Papa Johns International will post 2.21 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

About Papa Johns International

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.