Stifel Nicolaus Lowers Papa Johns International (NASDAQ:PZZA) Price Target to $40.00

Papa Johns International (NASDAQ:PZZA) had its target price dropped by investment analysts at Stifel Nicolaus from $45.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 2.49% from the stock’s current price.

A number of other research firms also recently weighed in on PZZA. Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Loop Capital cut their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research note on Monday, March 3rd. Jefferies Financial Group dropped their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Papa Johns International presently has a consensus rating of “Hold” and an average target price of $55.25.

Papa Johns International Trading Up 0.6 %

NASDAQ PZZA opened at $41.02 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 2.41 and a beta of 1.16. The company has a 50 day moving average of $43.52 and a 200-day moving average of $46.46. Papa Johns International has a 1-year low of $35.28 and a 1-year high of $68.66.

Institutional Investors Weigh In On Papa Johns International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brevan Howard Capital Management LP lifted its stake in shares of Papa Johns International by 2.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company’s stock worth $647,000 after acquiring an additional 388 shares during the period. Wilmington Savings Fund Society FSB increased its position in Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 450 shares during the period. Atlas Brown Inc. raised its holdings in Papa Johns International by 5.5% during the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock worth $429,000 after purchasing an additional 546 shares during the last quarter. KBC Group NV lifted its position in shares of Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company’s stock worth $273,000 after purchasing an additional 551 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Papa Johns International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company’s stock valued at $776,000 after purchasing an additional 658 shares during the last quarter.

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.