Papa John’s International, Inc. (NASDAQ:PZZA) had its target price reduced by stock analysts at Stephens from $95.00 to $85.00 in a report released on Wednesday. The firm presently has an “overweight” rating on the stock. Stephens’ price target suggests a potential upside of 18.73% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Papa John’s International from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, September 21st. Citigroup Inc. initiated coverage on shares of Papa John’s International in a report on Monday, September 18th. They set a “buy” rating and a $90.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of Papa John’s International in a report on Tuesday, August 29th. KeyCorp reissued an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $83.00 price objective on shares of Papa John’s International in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Papa John’s International presently has a consensus rating of “Hold” and an average target price of $84.75.

Shares of Papa John’s International (PZZA) traded up 1.62% during mid-day trading on Wednesday, reaching $71.59. 932,235 shares of the company’s stock were exchanged. The company’s 50 day moving average is $73.49 and its 200 day moving average is $76.84. Papa John’s International has a 1-year low of $68.68 and a 1-year high of $90.49. The stock has a market capitalization of $2.61 billion, a PE ratio of 24.94 and a beta of 0.50.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The company had revenue of $434.78 million for the quarter, compared to analysts’ expectations of $438.51 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Papa John’s International will post $2.85 EPS for the current fiscal year.

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

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

Several institutional investors have recently made changes to their positions in the company. Charter Trust Co. increased its holdings in shares of Papa John’s International by 1.5% in the 2nd quarter. Charter Trust Co. now owns 3,466 shares of the company’s stock valued at $249,000 after acquiring an additional 50 shares during the period. State Treasurer State of Michigan increased its holdings in shares of Papa John’s International by 0.9% in the 2nd quarter. State Treasurer State of Michigan now owns 10,900 shares of the company’s stock valued at $782,000 after acquiring an additional 100 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Papa John’s International by 0.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,227 shares of the company’s stock valued at $1,308,000 after acquiring an additional 128 shares during the period. Texas Permanent School Fund increased its holdings in shares of Papa John’s International by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 19,327 shares of the company’s stock valued at $1,387,000 after acquiring an additional 166 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Papa John’s International by 4.9% in the 2nd quarter. Amalgamated Bank now owns 3,908 shares of the company’s stock valued at $280,000 after acquiring an additional 183 shares during the period. 83.77% of the stock is currently owned by institutional investors and hedge funds.

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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