Papa Johns International (NASDAQ:PZZA) Earns Outperform Rating from Wedbush

Papa Johns International (NASDAQ:PZZA)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $60.00 target price on the stock. Wedbush’s price objective points to a potential upside of 33.96% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Bank of America boosted their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. UBS Group lifted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.82.

Papa Johns International Trading Down 4.8 %

Shares of PZZA stock opened at $44.79 on Friday. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The firm’s 50 day moving average is $50.80 and its 200-day moving average is $48.12. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.38 and a beta of 1.16.

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

Institutional Trading of Papa Johns International

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after buying an additional 259 shares during the period. CWM LLC increased its holdings in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after purchasing an additional 365 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Papa Johns International by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the company’s stock valued at $780,000 after purchasing an additional 400 shares during the period. Quest Partners LLC lifted its holdings in shares of Papa Johns International by 12.2% in the second quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock valued at $177,000 after purchasing an additional 410 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Papa Johns International by 16.8% in the second quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock valued at $170,000 after purchasing an additional 520 shares in the last quarter.

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.