Stifel Nicolaus Issues Pessimistic Forecast for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA - Get Free Report) had its price target dropped by research analysts at Stifel Nicolaus from $45.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 0.40% from the company's current price.

Several other analysts have also commented on the stock. UBS Group lowered their price objective on shares of 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 $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday, February 28th. Loop Capital lowered their target price on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Finally, Jefferies Financial Group dropped their target price on Papa Johns International from $55.00 to $42.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Seven investment 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 has an average rating of "Hold" and a consensus target price of $55.25.

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Papa Johns International Stock Down 2.9 %

PZZA stock traded down $1.18 during midday trading on Wednesday, hitting $39.84. The company's stock had a trading volume of 826,741 shares, compared to its average volume of 1,212,833. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 2.41 and a beta of 1.16. The stock's 50-day moving average price is $43.60 and its 200 day moving average price is $46.40. Papa Johns International has a 1 year low of $35.28 and a 1 year high of $68.66.

Institutional Investors Weigh In On Papa Johns International

Several hedge funds have recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP lifted its position in Papa Johns International by 2.5% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock worth $647,000 after buying an additional 388 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after acquiring an additional 450 shares in the last quarter. Atlas Brown Inc. lifted its holdings in shares of Papa Johns International by 5.5% in the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company's stock worth $429,000 after acquiring an additional 546 shares during the last quarter. KBC Group NV boosted its stake in shares of Papa Johns International by 9.1% in the 4th quarter. KBC Group NV now owns 6,639 shares of the company's stock valued at $273,000 after purchasing an additional 551 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Papa Johns International by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock valued at $776,000 after purchasing an additional 658 shares during the last quarter.

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.