Papa Johns International (NASDAQ:PZZA) Receives Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of Papa Johns International (NASDAQ:PZZA - Free Report) in a research report released on Thursday,Benzinga reports. The firm currently has a $62.00 target price on the stock.

PZZA has been the topic of a number of other reports. BMO Capital Markets reduced their price target on shares of Papa Johns International from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Piper Sandler lowered their price target on Papa Johns International from $61.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. KeyCorp cut their price objective on Papa Johns International from $64.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Wedbush reaffirmed an "outperform" rating and set a $51.00 target price on shares of Papa Johns International in a report on Friday, August 23rd. Finally, UBS Group reduced their price objective on shares of Papa Johns International from $58.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.18.

Papa Johns International Price Performance

NASDAQ:PZZA traded down $3.41 during mid-day trading on Thursday, reaching $54.80. The stock had a trading volume of 1,105,579 shares, compared to its average volume of 985,776. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 3.53 and a beta of 1.19. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67. The stock's 50 day simple moving average is $51.20 and its two-hundred day simple moving average is $49.29.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.08. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business had revenue of $507.89 million during the quarter, compared to the consensus estimate of $520.13 million. During the same period in the previous year, the business earned $0.59 EPS. The business's quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Papa Johns International will post 2.29 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.36%. Papa Johns International's payout ratio is 88.46%.

Institutional Trading of Papa Johns International

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its position 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 last quarter. Copeland Capital Management LLC bought a new position in Papa Johns International during the third quarter valued at approximately $42,000. CWM LLC lifted its stake in Papa Johns International by 65.6% in the second 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 grew its position in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after acquiring 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 $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.