Papa Johns International’s (PZZA) Overweight Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of Papa Johns International (NASDAQ:PZZA) in a report released on Friday,Benzinga reports. Stephens currently has a $62.00 price target on the stock.

PZZA has been the subject of a number of other reports. Bank of America raised their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. UBS Group boosted their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Friday. Finally, KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Price Performance

NASDAQ:PZZA 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 stock’s fifty day moving average price is $50.80 and its two-hundred day moving average price is $48.13. The company has a market cap of $1.46 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.27 and a beta of 1.16.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data 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 business had revenue of $506.80 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.53 EPS. On average, analysts expect that Papa Johns International will post 2.21 earnings per share for the current fiscal year.

Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 4.11%. Papa Johns International’s dividend payout ratio is currently 64.11%.

Institutional Investors Weigh In On Papa Johns International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of Papa Johns International during the 3rd quarter valued at $42,000. CWM LLC grew its holdings in shares of Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares during the period. US Bancorp DE boosted its holdings in shares of Papa Johns International by 225.4% in 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 last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Papa Johns International during the 3rd quarter valued at $156,000.

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.