Papa John’s International, Inc. (NASDAQ:PZZA) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $87.67.

PZZA has been the topic of a number of research reports. Zacks Investment Research raised Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday. Longbow Research reissued a “buy” rating and set a $95.00 price target on shares of Papa John’s International in a report on Monday, May 22nd. KeyCorp reissued an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and set a $83.00 price target on shares of Papa John’s International in a report on Friday, July 14th. Finally, Instinet raised their price target on Papa John’s International from $76.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 3rd.

Papa John’s International (NASDAQ:PZZA) traded up 1.56% during mid-day trading on Tuesday, reaching $79.85. The company’s stock had a trading volume of 67,233 shares. The stock’s 50 day moving average is $75.81 and its 200 day moving average is $78.34. Papa John’s International has a one year low of $70.73 and a one year high of $90.49. The firm has a market cap of $2.91 billion, a PE ratio of 27.81 and a beta of 0.51.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. The firm had revenue of $434.78 million for the quarter, compared to analyst estimates of $438.51 million. During the same quarter last year, the company posted $0.61 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, analysts anticipate that Papa John’s International will post $2.86 EPS for the current year.

Papa John’s International announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 198% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, August 3rd. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.20. Papa John’s International’s payout ratio is currently 31.36%.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/22/papa-johns-international-inc-pzza-receives-consensus-rating-of-hold-from-analysts-2.html.

In other Papa John’s International news, insider Steve M. Ritchie sold 10,396 shares of Papa John’s International stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $80.00, for a total value of $831,680.00. Following the sale, the insider now owns 37,601 shares of the company’s stock, valued at approximately $3,008,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of Papa John’s International stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $81.79, for a total value of $490,740.00. Following the completion of the sale, the senior vice president now directly owns 36,020 shares in the company, valued at approximately $2,946,075.80. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC raised its stake in shares of Papa John’s International by 20.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock worth $114,000 after buying an additional 242 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Papa John’s International by 76.9% in the second quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock worth $132,000 after buying an additional 800 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Papa John’s International by 20.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock worth $146,000 after buying an additional 308 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Papa John’s International by 11.3% in the first quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock worth $169,000 after buying an additional 215 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Papa John’s International by 55.0% in the first quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock worth $175,000 after buying an additional 776 shares in the last quarter. 80.47% of the stock is currently owned by institutional investors.

Papa John’s International Company Profile

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)

Receive News & Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.