Papa Johns International (NASDAQ:PZZA) Reaches New 52-Week Low on Analyst Downgrade

Papa Johns International, Inc. (NASDAQ:PZZA - Get Free Report)'s share price hit a new 52-week low on Monday after Benchmark lowered their price target on the stock from $65.00 to $50.00. Benchmark currently has a buy rating on the stock. Papa Johns International traded as low as $30.18 and last traded at $30.68, with a volume of 98241 shares traded. The stock had previously closed at $31.16.

Other analysts have also issued reports about the stock. Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, February 28th. Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Stephens restated an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price objective on Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, Loop Capital dropped their target price on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $53.00.

Institutional Investors Weigh In On Papa Johns International

Several hedge funds have recently modified their holdings of PZZA. Earnest Partners LLC lifted its stake in shares of Papa Johns International by 1.1% in the 4th quarter. Earnest Partners LLC now owns 2,589,991 shares of the company's stock worth $106,371,000 after acquiring an additional 27,912 shares during the period. Irth Capital Management LP purchased a new stake in Papa Johns International in the 4th quarter valued at approximately $66,883,000. Sei Investments Co. raised its stake in shares of Papa Johns International by 7.3% during the 4th quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after buying an additional 102,128 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Papa Johns International by 14.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company's stock valued at $55,812,000 after buying an additional 173,316 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Papa Johns International by 6.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,156,705 shares of the company's stock valued at $47,506,000 after buying an additional 64,972 shares in the last quarter.

Papa Johns International Stock Down 1.8 %

The company has a market cap of $1.07 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 2.41 and a beta of 1.25. The business has a fifty day simple moving average of $40.83 and a 200 day simple moving average of $43.99.

About Papa Johns International

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.