Stephens Reiterates Overweight Rating for Papa Johns International (NASDAQ:PZZA)

Papa Johns International (NASDAQ:PZZA)‘s stock had its “overweight” rating reissued by equities researchers at Stephens in a research report issued on Monday,Benzinga reports. They presently have a $62.00 price objective on the stock. Stephens’ target price suggests a potential upside of 64.37% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Bank of America increased their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, December 13th. Finally, UBS Group reduced their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Papa Johns International currently has an average rating of “Hold” and an average price target of $59.82.

Papa Johns International Trading Up 0.1 %

NASDAQ PZZA opened at $37.72 on Monday. Papa Johns International has a 12-month low of $36.25 and a 12-month high of $78.67. The company has a fifty day simple moving average of $45.86 and a two-hundred day simple moving average of $47.04. The stock has a market cap of $1.23 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.27 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $506.80 million during 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 firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that Papa Johns International will post 2.21 earnings per share for the current year.

Institutional Trading of Papa Johns International

A number of institutional investors and hedge funds have recently made changes to their positions in PZZA. Rhumbline Advisers grew its stake in Papa Johns International by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 103,726 shares of the company’s stock valued at $4,873,000 after acquiring an additional 1,410 shares during the period. Quest Partners LLC grew its position 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 during the period. American Century Companies Inc. grew its position in shares of Papa Johns International by 18.1% in the second quarter. American Century Companies Inc. now owns 5,386 shares of the company’s stock valued at $253,000 after purchasing an additional 827 shares during the period. Savoir Faire Capital Management L.P. increased its stake in shares of Papa Johns International by 242.4% during the second quarter. Savoir Faire Capital Management L.P. now owns 138,428 shares of the company’s stock worth $6,503,000 after purchasing an additional 98,005 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Papa Johns International by 115.0% during the 2nd quarter. Hsbc Holdings PLC now owns 85,440 shares of the company’s stock worth $3,988,000 after purchasing an additional 45,707 shares during the last quarter.

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.