Papa Johns International (NASDAQ:PZZA) Price Target Cut to $50.00 by Analysts at Benchmark

Papa Johns International (NASDAQ:PZZA) had its price target reduced by analysts at Benchmark from $65.00 to $50.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 58.28% from the company’s current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group cut their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Loop Capital cut their price target on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Northcoast Research raised shares of Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Stephens restated an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price target on Papa Johns International from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Papa Johns International currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Papa Johns International Price Performance

Shares of PZZA stock opened at $31.59 on Monday. Papa Johns International has a 12 month low of $30.16 and a 12 month high of $64.67. The company’s fifty day moving average price is $41.47 and its two-hundred day moving average price is $44.18. The firm has a market capitalization of $1.03 billion, a P/E ratio of 11.01, a P/E/G ratio of 2.41 and a beta of 1.25.

Institutional Trading of Papa Johns International

Several hedge funds have recently bought and sold shares of the company. Brevan Howard Capital Management LP increased its stake in shares of Papa Johns International by 2.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company’s stock valued at $647,000 after purchasing an additional 388 shares during the period. Wilmington Savings Fund Society FSB increased its position in Papa Johns International by 300.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares during the period. Atlas Brown Inc. raised its stake in Papa Johns International by 5.5% during the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock valued at $429,000 after acquiring an additional 546 shares in the last quarter. KBC Group NV boosted its position in Papa Johns International by 9.1% during the 4th quarter. KBC Group NV now owns 6,639 shares of the company’s stock worth $273,000 after acquiring an additional 551 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Papa Johns International by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company’s stock worth $776,000 after purchasing an additional 658 shares in the last quarter.

Papa Johns International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.