Papa Johns International (NASDAQ:PZZA - Free Report) had its target price cut by Jefferies Financial Group from $55.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.
Other research analysts also recently issued research reports about the company. UBS Group dropped their price target on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stephens reiterated an "overweight" rating and issued a $62.00 target price on shares of Papa Johns International in a report on Monday. KeyCorp cut shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Bank of America boosted their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $58.33.
Get Our Latest Stock Report on Papa Johns International
Papa Johns International Stock Down 2.3 %
Shares of Papa Johns International stock traded down $0.87 during trading on Wednesday, hitting $36.85. The stock had a trading volume of 1,288,635 shares, compared to its average volume of 1,586,253. Papa Johns International has a 1 year low of $36.25 and a 1 year high of $78.67. The stock has a 50 day simple moving average of $45.04 and a 200 day simple moving average of $46.91. The company has a market capitalization of $1.20 billion, a PE ratio of 12.84, a P/E/G ratio of 2.27 and a beta of 1.19.
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. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. During the same quarter last year, the business posted $0.53 EPS. The company's revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Papa Johns International will post 2.21 earnings per share for the current fiscal year.
Papa Johns International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, November 18th. Papa Johns International's dividend payout ratio is 64.11%.
Institutional Investors Weigh In On Papa Johns International
Hedge funds and other institutional investors have recently made changes to their positions in the business. 1832 Asset Management L.P. bought a new position in Papa Johns International in the 2nd quarter worth approximately $93,586,000. Irth Capital Management LP bought a new position in Papa Johns International during the fourth quarter worth $66,883,000. River Road Asset Management LLC raised its stake 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 last quarter. Earnest Partners LLC boosted its holdings in Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company's stock valued at $101,991,000 after purchasing an additional 446,477 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Papa Johns International in the 3rd quarter worth $15,845,000.
Papa Johns International Company Profile
(
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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.
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