Papa John’s International, Inc. (NASDAQ:PZZA)‘s stock had its “hold” rating restated by analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $83.00 price target on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 10.04% from the company’s current price.

Several other analysts also recently commented on PZZA. Zacks Investment Research raised Papa John’s International from a “strong sell” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub downgraded Papa John’s International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Stephens reaffirmed an “overweight” rating and set a $90.00 price objective (down from $100.00) on shares of Papa John’s International in a research note on Monday, June 26th. KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a research note on Tuesday, June 20th. Finally, Longbow Research reaffirmed a “buy” rating and set a $95.00 price objective on shares of Papa John’s International in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Papa John’s International currently has a consensus rating of “Hold” and an average target price of $88.00.

Shares of Papa John’s International (NASDAQ PZZA) traded up 0.59% on Friday, reaching $75.43. The company had a trading volume of 405,136 shares. The firm has a market capitalization of $2.77 billion, a P/E ratio of 26.75 and a beta of 0.52. The company’s 50-day moving average price is $78.84 and its 200 day moving average price is $81.03. Papa John’s International has a 52 week low of $67.32 and a 52 week high of $90.49.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $449.27 million during the quarter, compared to the consensus estimate of $435.47 million. Papa John’s International had a return on equity of 11,469.18% and a net margin of 6.09%. During the same period in the prior year, the business earned $0.69 EPS. On average, analysts expect that Papa John’s International will post $2.86 EPS for the current year.

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In other news, insider Steve M. Ritchie sold 10,396 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $80.00, for a total transaction of $831,680.00. Following the completion of the transaction, the insider now directly owns 37,601 shares of the company’s stock, valued at approximately $3,008,080. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Timothy C. Ohern sold 6,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $81.79, for a total value of $490,740.00. Following the transaction, the senior vice president now directly owns 36,020 shares of the company’s stock, valued at $2,946,075.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,447 shares of company stock valued at $1,656,182. Company insiders own 27.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA acquired a new position in shares of Papa John’s International during the fourth quarter worth about $1,194,000. AQR Capital Management LLC increased its position in shares of Papa John’s International by 117.8% in the fourth quarter. AQR Capital Management LLC now owns 13,800 shares of the company’s stock worth $1,181,000 after buying an additional 7,463 shares during the period. Norges Bank acquired a new position in shares of Papa John’s International during the fourth quarter worth about $19,911,000. Teachers Advisors LLC increased its position in shares of Papa John’s International by 55.2% in the fourth quarter. Teachers Advisors LLC now owns 79,152 shares of the company’s stock worth $6,774,000 after buying an additional 28,155 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Papa John’s International during the fourth quarter worth about $270,000. 78.86% of the stock is owned by institutional investors and hedge funds.

About Papa John’s International

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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

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