Wedbush began coverage on shares of Papa John’s Int’l (NASDAQ:PZZA) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $95.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 19.63% from the company’s previous close.
PZZA has been the topic of several other research reports. Jefferies Financial Group upped their price target on Papa John’s Int’l from $67.00 to $83.00 and gave the company a “hold” rating in a report on Thursday, May 7th. BTIG Research upped their target price on Papa John’s Int’l from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday. Northcoast Research raised Papa John’s Int’l from a “neutral” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Friday, May 29th. Deutsche Bank boosted their price objective on Papa John’s Int’l from $59.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price on shares of Papa John’s Int’l in a report on Monday, June 15th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Papa John’s Int’l presently has a consensus rating of “Buy” and an average price target of $81.07.
NASDAQ:PZZA opened at $79.41 on Tuesday. The business’s 50-day moving average price is $79.83 and its 200 day moving average price is $66.78. Papa John’s Int’l has a 52-week low of $28.55 and a 52-week high of $85.00. The firm has a market cap of $2.54 billion, a P/E ratio of 3,970.50, a PEG ratio of 7.80 and a beta of 0.92.
Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.25). Papa John’s Int’l had a negative return on equity of 14.40% and a net margin of 0.92%. The business had revenue of $409.86 million during the quarter, compared to analyst estimates of $413.61 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Papa John’s Int’l will post 1.26 earnings per share for the current fiscal year.
In other news, COO Jack H. Swaysland sold 1,420 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $82.07, for a total value of $116,539.40. Following the transaction, the chief operating officer now directly owns 20,030 shares of the company’s stock, valued at $1,643,862.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.58% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in PZZA. Verus Capital Partners LLC acquired a new position in shares of Papa John’s Int’l during the 4th quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Papa John’s Int’l by 28.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,655 shares of the company’s stock worth $88,000 after buying an additional 362 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Papa John’s Int’l during the 4th quarter worth about $139,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Papa John’s Int’l in the 1st quarter valued at about $138,000. Finally, ARGI Investment Services LLC bought a new position in shares of Papa John’s Int’l in the fourth quarter worth about $203,000.
About Papa John’s Int’l
Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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