Papa Johns International, Inc. (NASDAQ:PZZA) Given Average Rating of "Hold" by Brokerages

Shares of Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report) have earned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $60.82.

PZZA has been the subject of several analyst reports. UBS Group raised their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Bank of America boosted their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Wedbush reiterated an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, November 8th. KeyCorp cut shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Finally, Piper Sandler reduced their price target on shares of Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, August 9th.

Institutional Investors Weigh In On Papa Johns International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock worth $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC purchased a new position in Papa Johns International during the third quarter valued at $42,000. CWM LLC increased its holdings in Papa Johns International by 65.6% in 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 during the last quarter. US Bancorp DE lifted its stake in Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after purchasing an additional 922 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International during the 3rd quarter valued at about $156,000.

Papa Johns International Trading Up 4.3 %

NASDAQ:PZZA traded up $2.06 during trading hours on Friday, reaching $49.92. 1,184,884 shares of the company traded hands, compared to its average volume of 1,218,127. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The stock has a market capitalization of $1.63 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.40 and a beta of 1.19. The business's 50-day moving average price is $51.71 and its two-hundred day moving average price is $48.41.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the previous year, the firm earned $0.53 EPS. Papa Johns International's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Papa Johns International will post 2.23 EPS for the current year.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.69%. Papa Johns International's dividend payout ratio (DPR) is presently 64.11%.

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.