Stock analysts at Deutsche Bank started coverage on shares of Papa John's Int'l (NASDAQ:PZZA) in a report released on Monday, Marketbeat reports. The brokerage set a “hold” rating and a $63.00 price target on the stock. Deutsche Bank’s target price suggests a potential upside of 9.17% from the stock’s current price.
PZZA has been the topic of a number of other reports. BTIG Research reissued a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Papa John's Int'l in a report on Tuesday, October 24th. Stephens reduced their target price on shares of Papa John's Int'l from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of Papa John's Int'l from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. TheStreet lowered shares of Papa John's Int'l from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Finally, Citigroup assumed coverage on shares of Papa John's Int'l in a research note on Monday, September 18th. They issued a “buy” rating and a $90.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $77.90.
Papa John's Int'l (NASDAQ:PZZA) traded up $0.86 on Monday, reaching $57.71. 997,138 shares of the company’s stock were exchanged, compared to its average volume of 630,174. Papa John's Int'l has a 52-week low of $55.05 and a 52-week high of $90.49. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26. The company has a market cap of $2,020.00, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.60 and a beta of 0.40.
In other news, Director Wayne Kent Taylor acquired 8,860 shares of Papa John's Int'l stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $57.53 per share, with a total value of $509,715.80. Following the purchase, the director now owns 30,822 shares in the company, valued at approximately $1,773,189.66. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 27.70% of the company’s stock.
Several large investors have recently bought and sold shares of PZZA. BlackRock Inc. boosted its stake in shares of Papa John's Int'l by 12.4% in the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after purchasing an additional 383,459 shares during the last quarter. Prudential Financial Inc. boosted its stake in Papa John's Int'l by 275.1% during the second quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock worth $30,147,000 after acquiring an additional 308,110 shares in the last quarter. Koch Industries Inc. boosted its stake in Papa John's Int'l by 6,732.0% during 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. Marshall Wace North America L.P. boosted its stake in Papa John's Int'l by 391.8% during the second quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock worth $17,607,000 after acquiring an additional 194,804 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Papa John's Int'l by 25.0% during the third quarter. American Century Companies Inc. now owns 765,305 shares of the company’s stock worth $55,921,000 after acquiring an additional 152,845 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors.
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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.
