Papa Johns International’s (PZZA) Outperform Rating Reaffirmed at Wedbush

Papa Johns International (NASDAQ:PZZA)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $60.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 27.96% from the company’s current price.

PZZA has been the topic of a number of other research reports. UBS Group lowered their target price on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Loop Capital cut their target price on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Jefferies Financial Group decreased their price target on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Papa Johns International presently has a consensus rating of “Hold” and a consensus target price of $55.67.

Papa Johns International Price Performance

PZZA opened at $46.89 on Friday. Papa Johns International has a fifty-two week low of $35.28 and a fifty-two week high of $76.91. The company has a market capitalization of $1.53 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.41 and a beta of 1.19. The firm’s fifty day moving average price is $41.40 and its two-hundred day moving average price is $46.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PZZA. Earnest Partners LLC raised its position in shares of Papa Johns International by 1.1% during the fourth quarter. Earnest Partners LLC now owns 2,589,991 shares of the company’s stock worth $106,371,000 after acquiring an additional 27,912 shares during the last quarter. River Road Asset Management LLC lifted its position in Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after purchasing an additional 1,070,485 shares during the period. Irth Capital Management LP acquired a new stake in shares of Papa Johns International during the 4th quarter worth approximately $66,883,000. Sei Investments Co. raised its stake in shares of Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company’s stock worth $61,635,000 after buying an additional 102,128 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in Papa Johns International by 14.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company’s stock valued at $55,812,000 after buying an additional 173,316 shares during the period.

Papa Johns International Company Profile

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.