Shares of Papa John’s International, Inc. (NASDAQ:PZZA) have been assigned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $89.00.

Several brokerages have weighed in on PZZA. 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 research report on Friday, August 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.00 price target on shares of Papa John’s International in a research report on Friday, July 14th. Stephens increased their price target on Papa John’s International from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Instinet reaffirmed a “neutral” rating and set a $78.00 price target (down from $84.00) on shares of Papa John’s International in a research report on Monday, July 31st. Finally, Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Papa John’s International in a research report on Monday, May 22nd.

Shares of Papa John’s International (NASDAQ PZZA) traded up 0.69% during mid-day trading on Friday, hitting $72.65. The company had a trading volume of 589,550 shares. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 25.30 and a beta of 0.51. The company has a 50-day moving average price of $75.90 and a 200-day moving average price of $77.37. Papa John’s International has a 1-year low of $70.73 and a 1-year high of $90.49.

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

Papa John’s International announced that its board has approved a share buyback plan on Tuesday, August 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 198% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.24%. Papa John’s International’s dividend payout ratio (DPR) is 31.36%.

In other news, SVP Timothy C. Ohern sold 9,218 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $75.08, for a total transaction of $692,087.44. Following the sale, the senior vice president now directly owns 35,650 shares in the company, valued at approximately $2,676,602. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC grew its position in shares of Papa John’s International by 20.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock valued at $114,000 after acquiring an additional 242 shares during the period. Flinton Capital Management LLC grew its position in shares of Papa John’s International by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock valued at $132,000 after acquiring an additional 800 shares during the period. Glen Harbor Capital Management LLC grew its position in shares of Papa John’s International by 20.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock valued at $146,000 after acquiring an additional 308 shares during the period. Fifth Third Bancorp grew its position in shares of Papa John’s International by 11.3% during the 1st quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock valued at $169,000 after acquiring an additional 215 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Papa John’s International by 55.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock valued at $175,000 after acquiring an additional 776 shares during the period. Hedge funds and other institutional investors own 83.77% of the company’s stock.

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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)

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