Papa Johns International (NASDAQ:PZZA) Given New $42.00 Price Target at Jefferies Financial Group

Papa Johns International (NASDAQ:PZZA) had its price target lowered by analysts at Jefferies Financial Group from $55.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.72% from the company’s current price.

A number of other brokerages also recently commented on PZZA. Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Monday. Bank of America raised their price target 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. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Wednesday. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Finally, UBS Group decreased their target price 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. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.33.

Papa Johns International Price Performance

Shares of NASDAQ PZZA opened at $36.61 on Wednesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. The stock’s 50-day moving average is $44.66 and its two-hundred day moving average is $46.84. Papa Johns International has a 1-year low of $35.50 and a 1-year high of $78.67.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million during 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 business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Equities research analysts anticipate that Papa Johns International will post 2.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Papa Johns International

A number of institutional investors have recently modified their holdings of PZZA. Signaturefd LLC boosted its stake in Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC purchased a new stake in shares of Papa Johns International in the third quarter valued at about $42,000. US Bancorp DE boosted its stake in shares of Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after buying an additional 922 shares during the period. CWM LLC grew its holdings in shares of Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after buying an additional 365 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Papa Johns International in the 3rd quarter valued at about $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.