Papa Johns International's (PZZA) Outperform Rating Reaffirmed at Wedbush

Papa Johns International (NASDAQ:PZZA - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Wedbush in a report issued on Friday,Benzinga reports. They currently have a $60.00 target price on the stock. Wedbush's price objective suggests a potential upside of 33.96% from the company's current price.

Other equities analysts have also issued reports about the company. Stephens reiterated an "overweight" rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Thursday, November 7th. UBS Group upped their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Bank of America raised their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, KeyCorp lowered shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Papa Johns International has a consensus rating of "Hold" and a consensus price target of $60.82.

Papa Johns International Stock Down 4.8 %

Shares of Papa Johns International stock traded down $2.25 during trading on Friday, reaching $44.79. 1,031,379 shares of the company were exchanged, compared to its average volume of 1,003,321. The business has a 50-day moving average price of $50.94 and a 200-day moving average price of $48.14. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.38 and a beta of 1.16. Papa Johns International has a twelve month low of $39.90 and a twelve month high of $78.67.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last posted its 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 company had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. During the same period in the previous year, the company earned $0.53 EPS. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Papa Johns International will post 2.21 EPS for the current fiscal year.

Institutional Trading of Papa Johns International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in shares of Papa Johns International in the second quarter valued at approximately $93,586,000. River Road Asset Management LLC lifted its holdings 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. Cowen AND Company LLC bought a new position in Papa Johns International during the second quarter worth $32,736,000. Earnest Partners LLC increased its holdings in shares of Papa Johns International by 25.9% in the second 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 last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Papa Johns International in the third quarter valued at about $15,845,000.

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.