Papa Johns International, Inc. (NASDAQ:PZZA) Receives $55.25 Average Price Target from Brokerages

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) have earned an average rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $55.25.

PZZA has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their target price on Papa Johns International from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 26th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. UBS Group decreased their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. Finally, Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th.

Papa Johns International Stock Up 3.1 %

NASDAQ PZZA opened at $41.08 on Friday. Papa Johns International has a twelve month low of $35.28 and a twelve month high of $68.66. The business has a 50-day moving average price of $43.70 and a 200-day moving average price of $46.33. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.48%. Papa Johns International’s payout ratio is currently 73.02%.

Institutional Investors Weigh In On Papa Johns International

Several hedge funds have recently bought and sold shares of PZZA. Wilmington Savings Fund Society FSB grew its position in shares of Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in Papa Johns International during the 4th quarter valued at about $30,000. Jones Financial Companies Lllp lifted its position in Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after buying an additional 717 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Papa Johns International in the fourth quarter valued at about $58,000. Finally, State of Wyoming purchased a new stake in shares of Papa Johns International during the 4th quarter valued at approximately $87,000.

Papa Johns International Company Profile

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.