UBS Group Lowers Papa Johns International (NASDAQ:PZZA) Price Target to $45.00

Papa Johns International (NASDAQ:PZZA) had its price target cut by investment analysts at UBS Group from $56.00 to $45.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 18.55% from the stock’s current price.

PZZA has been the topic of a number of other reports. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a report on Friday, December 13th. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Bank of America upped their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.82.

Papa Johns International Price Performance

Shares of PZZA stock opened at $37.96 on Tuesday. The firm has a 50-day moving average of $47.15 and a 200-day moving average of $47.32. Papa Johns International has a one year low of $37.70 and a one year high of $78.67. The company has a market cap of $1.24 billion, a P/E ratio of 13.23, a P/E/G ratio of 2.27 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, research analysts expect that Papa Johns International will post 2.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Papa Johns International

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in Papa Johns International in the third quarter valued at approximately $42,000. US Bancorp DE lifted its position in Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the last quarter. CWM LLC grew its stake in Papa Johns International by 27.5% in the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after buying an additional 365 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International in the 3rd quarter worth $156,000.

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.