Papa John’s International, Inc. (NASDAQ:PZZA)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research note issued on Friday. They presently have a $60.00 target price on the stock. Stifel Nicolaus’ price objective suggests a potential downside of 2.36% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $65.00 price objective on shares of Papa John’s International in a research note on Friday. TheStreet cut Papa John’s International from a “b” rating to a “c+” rating in a research note on Tuesday. BTIG Research lowered Papa John’s International from a “buy” rating to a “neutral” rating in a report on Wednesday. Nomura reduced their target price on Papa John’s International from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Finally, Stephens reduced their target price on Papa John’s International from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Papa John’s International presently has a consensus rating of “Hold” and an average price target of $79.56.

Papa John’s International (PZZA) traded down $0.79 during mid-day trading on Friday, hitting $61.47. 832,741 shares of the company’s stock were exchanged, compared to its average volume of 874,744. The company has a market cap of $2,208.35, a P/E ratio of 23.25 and a beta of 0.47.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for the quarter, compared to analysts’ expectations of $427.23 million. Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. equities analysts anticipate that Papa John’s International will post 2.73 earnings per share for the current fiscal year.

Papa John’s International announced that its Board of Directors has approved a stock buyback program on Tuesday, August 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 198% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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In related news, SVP Timothy C. Ohern sold 9,218 shares of Papa John’s International 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 completion of the sale, the senior vice president now owns 35,650 shares of the company’s stock, valued at $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.

Institutional investors and hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC grew its holdings 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 acquiring an additional 800 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Papa John’s International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock worth $185,000 after acquiring an additional 386 shares during the period. Trexquant Investment LP bought a new stake in shares of Papa John’s International in the second quarter worth $201,000. Riverhead Capital Management LLC grew its holdings in shares of Papa John’s International by 87.3% in the second quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock worth $215,000 after acquiring an additional 1,396 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in shares of Papa John’s International by 11.5% in the second quarter. LS Investment Advisors LLC now owns 3,047 shares of the company’s stock worth $219,000 after acquiring an additional 315 shares during the period. 84.18% of the stock is 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)

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