Papa Johns International’s (PZZA) “Outperform” Rating Reiterated at Wedbush

Papa Johns International (NASDAQ:PZZAGet Free Report)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $60.00 target price on the stock. Wedbush’s target price points to a potential upside of 59.07% from the stock’s current price.

A number of other equities research analysts have also recently commented on PZZA. UBS Group decreased their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stephens restated an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research report on Monday. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Bank of America boosted their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.82.

Read Our Latest Stock Analysis on PZZA

Papa Johns International Stock Performance

Shares of PZZA opened at $37.72 on Wednesday. The business’s fifty day moving average price is $45.47 and its two-hundred day moving average price is $46.98. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 2.27 and a beta of 1.19. Papa Johns International has a 52 week low of $36.25 and a 52 week high of $78.67.

Papa Johns International (NASDAQ:PZZAGet Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. During the same period in the previous year, the firm posted $0.53 earnings per share. Papa Johns International’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts forecast that Papa Johns International will post 2.21 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares during the period. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the 3rd quarter worth approximately $42,000. US Bancorp DE boosted its stake in Papa Johns International by 225.4% in 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 period. CWM LLC grew 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 buying an additional 365 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Papa Johns International during the third quarter worth $156,000.

About Papa Johns International

(Get Free Report)

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.

Read More

Analyst Recommendations for Papa Johns International (NASDAQ:PZZA)

Receive News & Ratings for Papa Johns International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa Johns International and related companies with MarketBeat.com's FREE daily email newsletter.