Papa John’s International (NASDAQ:PZZA) was upgraded by equities researchers at Janney Montgomery Scott to a “buy” rating in a research report issued on Wednesday, Stock Ratings Network reports.
A number of other firms have also recently commented on PZZA. Analysts at Feltl & Co. raised their price target on shares of Papa John’s International from $64.00 to $70.00 in a research note to investors on Wednesday, August 7th. They now have a “hold” rating on the stock. Analysts at KeyCorp downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 1st. They now have a $70.00 price target on the stock. They noted that the move was a valuation call.
Shares of Papa John’s International (NASDAQ:PZZA) opened at 72.70 on Wednesday. Papa John’s International has a 52-week low of $46.42 and a 52-week high of $71.72. The stock’s 50-day moving average is $68.86 and its 200-day moving average is $64.91. The company has a market cap of $1.580 billion and a price-to-earnings ratio of 25.04.
Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.08. The company had revenue of $349.20 million for the quarter, compared to the consensus estimate of $348.14 million. During the same quarter last year, the company posted $0.61 earnings per share. Papa John’s International’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Papa John’s International will post $3.02 earnings per share for the current fiscal year.
Papa John’s International, Inc (NASDAQ:PZZA) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and restaurant-based delivery restaurants under the trademark Papa John’s.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.