Papa John's Int'l (PZZA) Rating Lowered to Strong Sell at BidaskClub

Papa John's Int'l (NASDAQ:PZZA) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

Other research analysts have also issued reports about the stock. BTIG Research reissued a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Papa John's Int'l in a research note on Tuesday, October 24th. TheStreet downgraded shares of Papa John's Int'l from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Papa John's Int'l from a “strong sell” rating to a “hold” rating in a report on Friday, January 5th. Nomura restated a “hold” rating and set a $58.00 price target on shares of Papa John's Int'l in a report on Friday, December 22nd. Finally, Deutsche Bank initiated coverage on shares of Papa John's Int'l in a report on Monday, December 18th. They set a “hold” rating and a $63.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $76.60.

Papa John's Int'l (NASDAQ:PZZA) traded up $1.00 on Thursday, reaching $57.11. 1,275,516 shares of the company’s stock were exchanged, compared to its average volume of 1,231,464. The company has a debt-to-equity ratio of -8.26, a current ratio of 1.21 and a quick ratio of 1.01. Papa John's Int'l has a twelve month low of $55.05 and a twelve month high of $86.99. The stock has a market cap of $2,001.25, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53.

Large investors have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in shares of Papa John's Int'l by 15.4% in the third quarter. Legal & General Group Plc now owns 23,912 shares of the company’s stock worth $1,748,000 after acquiring an additional 3,198 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Papa John's Int'l by 13.6% in the third quarter. Allianz Asset Management GmbH now owns 66,057 shares of the company’s stock worth $4,827,000 after acquiring an additional 7,889 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Papa John's Int'l by 18.1% in the third quarter. Nordea Investment Management AB now owns 27,012 shares of the company’s stock worth $1,974,000 after acquiring an additional 4,139 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Papa John's Int'l by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 1,458,205 shares of the company’s stock worth $107,411,000 after acquiring an additional 46,948 shares in the last quarter. Finally, Koch Industries Inc. grew its stake in shares of Papa John's Int'l by 6,732.0% in the second quarter. Koch Industries Inc. now owns 297,807 shares of the company’s stock worth $294,000 after acquiring an additional 293,448 shares in the last quarter. Institutional investors and hedge funds own 83.99% of the company’s stock.

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About Papa John's Int'l

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 Int'l (NASDAQ:PZZA)

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