Papa Johns International (NASDAQ:PZZA) Given Overweight Rating at Stephens

Stephens reaffirmed their overweight rating on shares of Papa Johns International (NASDAQ:PZZA) in a research report released on Thursday morning,Benzinga reports. They currently have a $50.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Loop Capital cut their price target on Papa Johns International from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. UBS Group cut their price target on Papa Johns International from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, Stifel Nicolaus cut 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Papa Johns International has an average rating of “Hold” and a consensus target price of $51.25.

Papa Johns International Stock Down 0.4%

Shares of NASDAQ:PZZA opened at $50.42 on Thursday. Papa Johns International has a 12-month low of $30.16 and a 12-month high of $60.75. The stock has a market cap of $1.65 billion, a PE ratio of 17.57, a P/E/G ratio of 2.41 and a beta of 1.18. The business has a 50 day moving average of $39.03 and a 200-day moving average of $41.48.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company had revenue of $518.31 million during the quarter, compared to analysts’ expectations of $512.48 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Papa Johns International will post 2.19 earnings per share for the current year.

Papa Johns International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, May 19th. Papa Johns International’s payout ratio is 78.30%.

Institutional Trading of Papa Johns International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC increased its holdings in Papa Johns International by 4.6% in the first quarter. Beverly Hills Private Wealth LLC now owns 6,842 shares of the company’s stock valued at $281,000 after purchasing an additional 299 shares during the period. CWM LLC increased its holdings in Papa Johns International by 27.2% in the first quarter. CWM LLC now owns 1,610 shares of the company’s stock valued at $66,000 after purchasing an additional 344 shares during the period. Brevan Howard Capital Management LP increased its holdings in 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 boosted its position in Papa Johns International by 300.0% during the fourth 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Papa Johns International by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company’s stock valued at $776,000 after acquiring an additional 658 shares during the last quarter.

About Papa Johns International

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.