Papa Johns International (NASDAQ:PZZA) Receives Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of Papa Johns International (NASDAQ:PZZA) in a report published on Thursday morning,Benzinga reports. They currently have a $62.00 price objective on the stock.

A number of other analysts also recently commented on PZZA. Deutsche Bank Aktiengesellschaft lowered their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. KeyCorp lowered their target price on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. 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 note on Tuesday, October 22nd. Wedbush restated an “outperform” rating and issued a $51.00 target price on shares of Papa Johns International in a research note on Friday, August 23rd. Finally, BMO Capital Markets lowered their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.82.

Papa Johns International Price Performance

Papa Johns International stock traded down $0.44 during trading hours on Thursday, hitting $55.09. 1,193,651 shares of the stock traded hands, compared to its average volume of 990,330. The firm’s 50 day moving average price is $51.37 and its 200-day moving average price is $49.33. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.66 and a beta of 1.19. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Research analysts forecast that Papa Johns International will post 2.29 earnings per share for the current fiscal year.

Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.34%. Papa Johns International’s payout ratio is 88.46%.

Hedge Funds Weigh In On Papa Johns International

A number of large investors have recently bought and sold shares of PZZA. Texas Yale Capital Corp. raised its holdings in shares of Papa Johns International by 5.6% during the first quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock valued at $304,000 after acquiring an additional 240 shares during the last quarter. Signaturefd LLC raised 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 valued at $35,000 after acquiring an additional 259 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Papa Johns International by 6.6% during the first quarter. Inspire Investing LLC now owns 5,366 shares of the company’s stock valued at $357,000 after acquiring an additional 333 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Papa Johns International by 1.3% during the first 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. Finally, CWM LLC raised its holdings in shares of Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after acquiring an additional 365 shares during the last quarter.

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.