Papa John’s International Inc. Reaches New 12-Month High at $47.30 (PZZA)
Shares of Papa John’s International (NASDAQ:PZZA) hit a new 52-week high during trading on Monday, Stock Ratings Network reports. The stock traded as high as $47.30 and last traded at $46.44, with a volume of 237,981 shares trading hands. The stock had previously closed at $46.66.
A number of analysts have recently weighed in on PZZA shares. Analysts at KeyCorp upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $53.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Papa John’s International in a research note to investors on Tuesday, December 10th. They set a “hold” rating and a $86.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Papa John’s International in a research note to investors on Wednesday, November 6th. They now have a $85.00 price target on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Papa John’s International currently has a consensus rating of “Buy” and a consensus target price of $73.20.
Papa John’s International has a 1-year low of $24.94 and a 1-year high of $46.90. The stock’s 50-day moving average is $44.12 and its 200-day moving average is $37.53. The company has a market cap of $2.007 billion and a price-to-earnings ratio of 30.98.
Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.65 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.65. The company had revenue of $346.34 million for the quarter, compared to the consensus estimate of $347.85 million. During the same quarter last year, the company posted $0.55 earnings per share. Papa John’s International’s revenue was up 6.4% compared to the same quarter last year. Analysts expect that Papa John’s International will post $1.54 EPS for the current fiscal year.
Papa John’s International, Inc (NASDAQ:PZZA) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and restaurant-based delivery restaurants under the trademark Papa John’s.
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