Papa Johns International (NASDAQ:PZZA) Sets New 52-Week Low After Analyst Downgrade

Papa Johns International, Inc. (NASDAQ:PZZA)’s stock price hit a new 52-week low during trading on Thursday after Jefferies Financial Group lowered their price target on the stock from $55.00 to $42.00. Jefferies Financial Group currently has a hold rating on the stock. Papa Johns International traded as low as $35.92 and last traded at $35.94, with a volume of 93123 shares traded. The stock had previously closed at $36.85.

A number of other analysts have also recently commented on PZZA. UBS Group cut their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Monday, January 13th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Wednesday. Finally, 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 research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.33.

Institutional Investors Weigh In On Papa Johns International

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in shares of 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 in the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International in the third quarter valued at $42,000. US Bancorp DE grew its stake in Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares during the last quarter. CWM LLC increased its stake in shares of 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. Finally, nVerses Capital LLC purchased a new position in Papa Johns International during the third quarter worth $156,000.

Papa Johns International Stock Performance

The business has a 50-day moving average of $44.28 and a 200 day moving average of $46.77. The stock has a market cap of $1.18 billion, a PE ratio of 12.55, a PEG ratio of 1.72 and a beta of 1.19.

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

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 5.11%. Papa Johns International’s dividend payout ratio is presently 64.11%.

Papa Johns International Company Profile

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.