Papa John’s International (NASDAQ:PZZA) Rating Reiterated by Wedbush

Wedbush reiterated their outperform rating on shares of Papa John’s International (NASDAQ:PZZAFree Report) in a research note published on Friday, Benzinga reports. The firm currently has a $87.00 target price on the stock. Wedbush also issued estimates for Papa John’s International’s Q1 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $3.12 EPS.

A number of other equities analysts have also issued reports on PZZA. StockNews.com lowered Papa John’s International from a buy rating to a hold rating in a report on Wednesday, February 28th. Oppenheimer reissued a market perform rating on shares of Papa John’s International in a report on Friday, January 5th. KeyCorp increased their price target on Papa John’s International from $75.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, January 11th. Stephens decreased their price target on Papa John’s International from $90.00 to $75.00 and set an overweight rating for the company in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a sell rating and set a $65.00 price target on shares of Papa John’s International in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $83.89.

Read Our Latest Research Report on PZZA

Papa John’s International Stock Up 2.0 %

Shares of NASDAQ PZZA opened at $71.35 on Friday. The stock’s 50 day moving average price is $73.65 and its two-hundred day moving average price is $71.28. Papa John’s International has a 52-week low of $60.66 and a 52-week high of $87.72. The stock has a market capitalization of $2.34 billion, a P/E ratio of 29.00, a PEG ratio of 2.69 and a beta of 1.16.

Papa John’s International (NASDAQ:PZZAGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $571.32 million for the quarter, compared to analysts’ expectations of $578.15 million. Papa John’s International had a negative return on equity of 19.46% and a net margin of 3.84%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, analysts anticipate that Papa John’s International will post 2.73 EPS for the current year.

Papa John’s International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, February 9th. This represents a $1.84 annualized dividend and a dividend yield of 2.58%. Papa John’s International’s dividend payout ratio is 74.80%.

Hedge Funds Weigh In On Papa John’s International

Several institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in Papa John’s International by 731.9% during the third quarter. Hsbc Holdings PLC now owns 62,457 shares of the company’s stock worth $4,263,000 after purchasing an additional 54,949 shares during the period. Fox Run Management L.L.C. bought a new position in Papa John’s International during the third quarter worth about $257,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Papa John’s International by 52.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,886 shares of the company’s stock worth $1,493,000 after purchasing an additional 7,521 shares during the period. K.J. Harrison & Partners Inc bought a new position in Papa John’s International during the third quarter worth about $1,364,000. Finally, Algert Global LLC lifted its stake in Papa John’s International by 165.5% during the third quarter. Algert Global LLC now owns 23,968 shares of the company’s stock worth $1,635,000 after purchasing an additional 14,940 shares during the period.

Papa John’s International Company Profile

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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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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Analyst Recommendations for Papa John's International (NASDAQ:PZZA)

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