Papa Johns International, Inc. (NASDAQ:PZZA) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $59.00.

A number of analysts recently issued reports on PZZA shares. Piper Sandler cut their price objective on Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Bank of America boosted their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. BMO Capital Markets lowered their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. KeyCorp cut their target price on Papa Johns International from $64.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Papa Johns International from $58.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, August 9th.

Institutional Investors Weigh In On Papa Johns International

A number of hedge funds and other institutional investors have recently modified their holdings of PZZA. SeaCrest Wealth Management LLC raised its stake in Papa Johns International by 6.7% in the first quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company's stock valued at $265,000 after buying an additional 250 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Papa Johns International by 18.2% during the 1st quarter. BNP Paribas Financial Markets now owns 30,935 shares of the company's stock worth $2,060,000 after acquiring an additional 4,770 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Papa Johns International by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company's stock worth $1,877,000 after purchasing an additional 356 shares during the last quarter. Duality Advisers LP acquired a new position in Papa Johns International in the first quarter valued at approximately $2,711,000. Finally, Quantbot Technologies LP purchased a new position in Papa Johns International in the first quarter valued at approximately $571,000.

Papa Johns International Trading Down 1.7 %

PZZA stock traded down $0.91 during trading on Wednesday, reaching $51.45. 533,061 shares of the stock were exchanged, compared to its average volume of 975,259. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 3.23 and a beta of 1.20. The business has a 50 day moving average price of $50.23 and a 200-day moving average price of $49.48. 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 released its quarterly earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The firm had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. On average, research analysts anticipate that Papa Johns International will post 2.27 EPS for the current year.

Papa Johns International Announces Dividend

The company 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. This represents a $1.84 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, November 18th. Papa Johns International's dividend payout ratio (DPR) is presently 81.78%.

About Papa Johns International

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.