Papa Johns International (NASDAQ:PZZA) Downgraded to "Sector Weight" Rating by KeyCorp

Papa Johns International (NASDAQ:PZZA - Get Free Report) was downgraded by equities researchers at KeyCorp from an "overweight" rating to a "sector weight" rating in a research report issued on Thursday, MarketBeat reports.

A number of other research firms have also recently commented on PZZA. Piper Sandler lowered their price target on Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Stephens reissued an "overweight" rating and set a $62.00 price target on shares of Papa Johns International in a report on Thursday, November 7th. Wedbush restated an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, November 8th. Bank of America boosted their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective 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. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.82.

Papa Johns International Trading Down 5.9 %

Shares of NASDAQ:PZZA traded down $3.00 on Thursday, hitting $47.79. The company had a trading volume of 1,125,863 shares, compared to its average volume of 997,239. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 2.55 and a beta of 1.19. The stock has a 50 day moving average price of $51.73 and a 200 day moving average price of $48.92. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million for 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 revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Sell-side analysts anticipate that Papa Johns International will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PZZA. Signaturefd LLC increased its holdings in Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock worth $35,000 after purchasing an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in Papa Johns International in the 3rd quarter valued at $42,000. CWM LLC lifted its stake in 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 acquiring an additional 525 shares in the last quarter. US Bancorp DE boosted its holdings in Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after acquiring an additional 922 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Papa Johns International in the third 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.