Papa Johns International (NASDAQ:PZZA) Given “Overweight” Rating at Stephens

Papa Johns International (NASDAQ:PZZA)‘s stock had its “overweight” rating restated by equities research analysts at Stephens in a report issued on Thursday, Benzinga reports. They presently have a $62.00 target price on the stock. Stephens’ target price suggests a potential upside of 6.51% from the stock’s previous close.

PZZA has been the subject of a number of other research reports. BMO Capital Markets cut their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Bank of America lifted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Wedbush restated an “outperform” rating and issued a $51.00 price objective on shares of Papa Johns International in a research report on Friday, August 23rd. Finally, KeyCorp dropped their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.18.

Papa Johns International Trading Up 1.6 %

NASDAQ:PZZA opened at $58.21 on Thursday. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The firm has a 50 day moving average of $51.20 and a 200-day moving average of $49.29. The stock has a market capitalization of $1.90 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 3.53 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The company had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. Papa Johns International’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, analysts forecast that Papa Johns International will post 2.29 EPS for the current fiscal year.

Institutional Trading of Papa Johns International

Institutional investors and hedge funds have recently made changes to their positions in the business. Seven Eight Capital LP raised its position in shares of Papa Johns International by 396.0% during the 1st quarter. Seven Eight Capital LP now owns 16,591 shares of the company’s stock valued at $1,105,000 after acquiring an additional 13,246 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Papa Johns International by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock valued at $1,877,000 after acquiring an additional 356 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after acquiring an additional 166,246 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Papa Johns International by 4.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock valued at $46,280,000 after acquiring an additional 40,996 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Papa Johns International by 19.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after buying an additional 176,470 shares during the period.

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.