Papa Johns International (NASDAQ:PZZA) Rating Lowered to Sector Weight at KeyCorp

KeyCorp cut shares of Papa Johns International (NASDAQ:PZZA) from an overweight rating to a sector weight rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. KeyCorp also issued estimates for Papa Johns International’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.38 EPS.

A number of other research firms also recently issued reports on PZZA. Piper Sandler dropped their price target on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Thursday, November 7th. Bank of America raised their price target 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. 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 report on Friday, August 9th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Papa Johns International presently has a consensus rating of “Hold” and an average price target of $60.82.

Papa Johns International Trading Down 3.7 %

Papa Johns International stock opened at $47.32 on Thursday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.37 and a beta of 1.19. The stock has a fifty day simple moving average of $51.77 and a two-hundred day simple moving average of $48.73. Papa Johns International has a 12 month low of $39.90 and a 12 month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts forecast that Papa Johns International will post 2.23 EPS 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. Shareholders of record on Monday, November 18th will be issued a dividend of $0.46 per share. 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 3.89%. Papa Johns International’s dividend payout ratio is presently 64.11%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Papa Johns International by 66.9% during the 3rd 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. Copeland Capital Management LLC bought a new stake in shares of Papa Johns International in the 3rd quarter worth about $42,000. CWM LLC raised its position in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after buying an additional 525 shares in the last quarter. US Bancorp DE lifted its holdings in shares of 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 acquiring an additional 922 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International in the 3rd quarter valued at about $156,000.

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.