Papa Johns International’s (PZZA) Overweight Rating Reaffirmed at Stephens

Papa Johns International (NASDAQ:PZZAGet Free Report)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report released on Friday,Benzinga reports. They currently have a $62.00 price target on the stock. Stephens’ target price points to a potential upside of 31.80% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Bank of America boosted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. UBS Group upped their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.82.

Read Our Latest Report on Papa Johns International

Papa Johns International Stock Performance

Shares of Papa Johns International stock opened at $47.04 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The company has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $48.14.

Papa Johns International (NASDAQ:PZZAGet Free Report) last released its quarterly earnings data 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 firm had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, equities research analysts forecast that Papa Johns International will post 2.21 EPS for the current fiscal year.

Institutional Trading of Papa Johns International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. River Road Asset Management LLC increased its stake in Papa Johns International by 88.1% during the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after purchasing an additional 1,070,485 shares during the period. Earnest Partners LLC increased its stake in Papa Johns International by 25.9% during the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after purchasing an additional 446,477 shares during the period. 1832 Asset Management L.P. purchased a new stake in Papa Johns International during the second quarter worth about $93,586,000. Sei Investments Co. increased its stake in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in Papa Johns International by 19.3% during the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after purchasing an additional 176,470 shares during the period.

About Papa Johns International

(Get Free Report)

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.

See Also

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.