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

Papa Johns International (NASDAQ:PZZA - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities research analysts at Stephens in a research report issued on Friday,Benzinga reports. They presently have a $60.00 price objective on the stock. Stephens' target price would indicate a potential upside of 17.46% from the company's current price.

A number of other equities research analysts also recently issued reports on PZZA. KeyCorp downgraded Papa Johns International from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. UBS Group lowered their price objective 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. Loop Capital lowered their price objective on Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Bank of America increased their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Wedbush reiterated an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $55.67.

Papa Johns International Price Performance

Shares of Papa Johns International stock traded up $2.04 during trading hours on Friday, reaching $51.08. The company had a trading volume of 1,927,111 shares, compared to its average volume of 1,968,021. Papa Johns International has a one year low of $35.28 and a one year high of $76.91. The business has a fifty day simple moving average of $40.67 and a 200 day simple moving average of $46.50. The firm has a market cap of $1.67 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Papa Johns International by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,056 shares of the company's stock valued at $2,549,000 after buying an additional 7,784 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Papa Johns International by 8.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,117,238 shares of the company's stock valued at $45,885,000 after buying an additional 85,236 shares during the last quarter. Twinbeech Capital LP bought a new position in shares of Papa Johns International during the fourth quarter valued at about $2,988,000. Two Sigma Investments LP grew its stake in shares of Papa Johns International by 247.0% during the fourth quarter. Two Sigma Investments LP now owns 163,720 shares of the company's stock valued at $6,724,000 after buying an additional 116,538 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Papa Johns International during the fourth quarter valued at about $87,000.

Papa Johns International Company Profile

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.