Papa Johns International (NASDAQ:PZZA) Price Target Raised to $71.00 at Bank of America

Papa Johns International (NASDAQ:PZZA) had its price objective raised by equities research analysts at Bank of America from $66.00 to $71.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 37.68% from the stock’s previous close.

A number of other analysts have also recently weighed in on PZZA. BMO Capital Markets decreased their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus dropped their target price on Papa Johns International from $55.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Piper Sandler decreased their price target on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, KeyCorp lowered their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.00.

Papa Johns International Price Performance

NASDAQ PZZA opened at $51.57 on Tuesday. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67. The firm has a market capitalization of $1.68 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.36 and a beta of 1.20. The business’s 50-day simple moving average is $49.81 and its 200-day simple moving average is $49.90.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The firm had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. During the same period in the previous year, the company posted $0.59 earnings per share. Papa Johns International’s revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Papa Johns International will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Papa Johns International

A number of hedge funds have recently bought and sold shares of PZZA. Seven Eight Capital LP raised its stake in Papa Johns International by 396.0% during the first quarter. Seven Eight Capital LP now owns 16,591 shares of the company’s stock valued at $1,105,000 after buying an additional 13,246 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Papa Johns International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock valued at $1,877,000 after acquiring an additional 356 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after acquiring an additional 166,246 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Papa Johns International by 4.3% during the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after purchasing an additional 40,996 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares during the last quarter.

Papa Johns International Company Profile

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.