Benchmark Lowers Papa Johns International (NASDAQ:PZZA) Price Target to $50.00

Papa Johns International (NASDAQ:PZZA - Get Free Report) had its target price lowered by Benchmark from $65.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Benchmark's price target indicates a potential upside of 49.34% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Northcoast Research upgraded Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Stifel Nicolaus cut their target price on Papa Johns International from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Loop Capital decreased their price target on shares of 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. Stephens restated an "overweight" rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Finally, Jefferies Financial Group reduced their price objective on shares of 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. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $53.00.

Papa Johns International Price Performance

Papa Johns International stock traded up $0.29 during midday trading on Monday, hitting $33.48. 764,414 shares of the stock were exchanged, compared to its average volume of 1,245,431. Papa Johns International has a 1 year low of $30.16 and a 1 year high of $64.15. The firm has a market cap of $1.10 billion, a P/E ratio of 11.67, a P/E/G ratio of 2.41 and a beta of 1.25. The company has a 50 day moving average price of $40.47 and a two-hundred day moving average price of $43.88.

Institutional Trading of Papa Johns International

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Papa Johns International by 117.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company's stock worth $2,040,000 after buying an additional 26,505 shares during the period. Bessemer Group Inc. boosted its position in Papa Johns International by 2,758.7% during the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company's stock worth $88,000 after acquiring an additional 2,069 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Papa Johns International in the first quarter worth $509,000. Exchange Traded Concepts LLC bought a new position in shares of Papa Johns International in the first quarter worth $230,000. Finally, GAMMA Investing LLC raised its holdings in Papa Johns International by 506.3% during the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock worth $87,000 after purchasing an additional 1,772 shares in the last quarter.

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.