Papa Johns International, Inc. (NASDAQ:PZZA) Given Consensus Rating of “Hold” by Analysts

Papa Johns International, Inc. (NASDAQ:PZZA) has been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $60.82.

Several analysts have recently commented on PZZA shares. UBS Group upped their price objective on shares of Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Bank of America upped their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets dropped their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a research note on Thursday, November 7th. Finally, Piper Sandler decreased their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Papa Johns International Stock Up 1.1 %

Shares of Papa Johns International stock opened at $49.76 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 17.34, a PEG ratio of 2.51 and a beta of 1.19. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The firm’s 50 day moving average price is $51.58 and its 200-day moving average price is $48.24.

Papa Johns International (NASDAQ:PZZA) last released its earnings results 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. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, equities research analysts forecast that Papa Johns International will post 2.23 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.70%. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently bought and sold shares of the company. 1832 Asset Management L.P. purchased a new stake in shares of Papa Johns International during the 2nd quarter worth $93,586,000. River Road Asset Management LLC raised its stake in shares of Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after buying an additional 1,070,485 shares during the last quarter. Cowen AND Company LLC purchased a new stake in shares of Papa Johns International in the 2nd quarter worth about $32,736,000. Earnest Partners LLC boosted its position in shares of Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after buying an additional 446,477 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Papa Johns International during the 3rd quarter valued at about $15,845,000.

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.