Papa John’s International, Inc. (PZZA) Given Average Rating of “Hold” by Analysts
Papa John’s International, Inc. (NASDAQ:PZZA) has been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $86.57.
A number of analysts have weighed in on PZZA shares. BidaskClub cut Papa John’s International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Papa John’s International in a research report on Tuesday, August 29th. Stifel Nicolaus started coverage on Papa John’s International in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price target on the stock. Stephens reiterated an “overweight” rating and issued a $90.00 price target (down from $100.00) on shares of Papa John’s International in a research report on Monday, June 26th. Finally, Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd.
In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the transaction, the senior vice president now owns 35,650 shares of the company’s stock, valued at $2,676,602. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.70% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Papa John’s International by 13,761.9% in the first quarter. BlackRock Inc. now owns 3,080,947 shares of the company’s stock worth $246,601,000 after purchasing an additional 3,058,721 shares in the last quarter. Karp Capital Management Corp acquired a new position in Papa John’s International in the first quarter worth $738,000. Massachusetts Financial Services Co. MA acquired a new position in Papa John’s International in the first quarter worth $850,000. JPMorgan Chase & Co. boosted its stake in Papa John’s International by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 1,411,257 shares of the company’s stock worth $101,272,000 after purchasing an additional 110,440 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Papa John’s International by 117.7% in the first quarter. AQR Capital Management LLC now owns 30,037 shares of the company’s stock worth $2,404,000 after purchasing an additional 16,237 shares in the last quarter. 83.77% of the stock is currently owned by institutional investors.
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Shares of Papa John’s International (NASDAQ:PZZA) traded up 1.48% during trading on Wednesday, reaching $71.49. The company had a trading volume of 141,252 shares. The firm has a market capitalization of $2.60 billion, a PE ratio of 24.91 and a beta of 0.50. Papa John’s International has a 12 month low of $68.68 and a 12 month high of $90.49. The stock has a 50 day moving average price of $73.49 and a 200 day moving average price of $76.84.
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, beating analysts’ consensus estimates 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 analysts’ expectations of $438.51 million. During the same period in the prior year, the business posted $0.61 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Papa John’s International will post $2.85 EPS for the current year.
Papa John’s International declared that its board has approved a share repurchase program on Tuesday, August 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 198% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
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.
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