Papa Johns International, Inc. (NASDAQ:PZZA) Receives Average Rating of “Hold” from Brokerages

Papa Johns International, Inc. (NASDAQ:PZZA) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $60.82.

Several equities analysts have recently commented on PZZA shares. Stephens restated an “overweight” rating and set a $62.00 price target on shares of Papa Johns International in a report on Friday, December 13th. UBS Group lifted their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Bank of America upped their target price on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, December 13th.

Institutional Inflows and Outflows

Several 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% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares during the period. Copeland Capital Management LLC bought a new position in Papa Johns International during the third quarter worth $42,000. US Bancorp DE raised its stake in Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the last quarter. CWM LLC boosted its holdings in Papa Johns International by 27.5% in the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after purchasing an additional 365 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Papa Johns International in the 3rd quarter worth $156,000.

Papa Johns International Stock Down 3.7 %

Shares of NASDAQ PZZA opened at $40.42 on Thursday. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 2.27 and a beta of 1.16. The stock’s fifty day simple moving average is $50.52 and its 200 day simple moving average is $48.07.

Papa Johns International (NASDAQ:PZZA) last posted 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 firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company’s 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, analysts anticipate that Papa Johns International will post 2.21 earnings per share for the current year.

Papa Johns International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

About Papa Johns International

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.