Analysts Set Papa Johns International, Inc. (NASDAQ:PZZA) PT at $58.82

Papa Johns International, Inc. (NASDAQ:PZZA) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $58.82.

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus cut their target price on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Wedbush reissued an “outperform” rating and issued a $51.00 price target on shares of Papa Johns International in a research note on Friday, August 23rd. Bank of America lowered their price objective on shares of Papa Johns International from $78.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Piper Sandler reduced their target price on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. bought a new position in shares of Papa Johns International during the second quarter valued at $93,586,000. Cowen AND Company LLC purchased a new stake in Papa Johns International during the 2nd quarter valued at about $32,736,000. Earnest Partners LLC increased its stake in Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after purchasing an additional 446,477 shares in the last quarter. Norges Bank purchased a new position in Papa Johns International in the fourth quarter worth about $29,204,000. Finally, Sei Investments Co. lifted its stake in shares of Papa Johns International by 30.2% in the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after buying an additional 281,399 shares in the last quarter.

Papa Johns International Trading Up 0.6 %

Papa Johns International stock opened at $49.00 on Tuesday. The firm has a market cap of $1.62 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.88 and a beta of 1.19. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.74. The firm has a 50-day moving average of $44.77 and a 200-day moving average of $53.59.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. During the same quarter last year, the business posted $0.59 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Research analysts forecast that Papa Johns International will post 2.28 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s dividend payout ratio (DPR) is presently 81.78%.

About Papa Johns International

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.