Loop Capital Has Lowered Expectations for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA) had its price target decreased by research analysts at Loop Capital from $73.00 to $60.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective would indicate a potential upside of 58.77% from the stock’s current price.

Other equities analysts have also issued reports about the company. Bank of America increased 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. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a report on Monday, January 13th. Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Wednesday, January 15th. Finally, UBS Group cut their target price on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Papa Johns International has a consensus rating of “Hold” and an average target price of $55.83.

Papa Johns International Stock Up 1.3 %

Shares of NASDAQ PZZA opened at $37.79 on Tuesday. The stock has a market cap of $1.23 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.68 and a beta of 1.19. The firm’s 50-day simple moving average is $43.40 and its 200 day simple moving average is $46.63. Papa Johns International has a fifty-two week low of $35.28 and a fifty-two week high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, sell-side analysts anticipate that Papa Johns International will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Signaturefd LLC grew its stake in Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Papa Johns International in the 3rd quarter valued at approximately $42,000. US Bancorp DE lifted its position in Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after buying an additional 922 shares in the last quarter. CWM LLC boosted its stake in shares of Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after buying an additional 365 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Papa Johns International during the 3rd quarter valued at $156,000.

About Papa Johns 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.