Papa Johns International (NASDAQ:PZZA) Price Target Lowered to $45.00 at UBS Group

Papa Johns International (NASDAQ:PZZA - Free Report) had its target price reduced by UBS Group from $56.00 to $45.00 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other analysts have also issued reports about the stock. KeyCorp lowered shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Stephens reiterated an "overweight" rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Friday, December 13th. Bank of America raised their price target on Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $59.82.

Papa Johns International Stock Down 5.6 %

NASDAQ:PZZA traded down $2.39 during mid-day trading on Tuesday, reaching $39.94. The company's stock had a trading volume of 1,393,241 shares, compared to its average volume of 1,342,658. Papa Johns International has a 1 year low of $38.25 and a 1 year high of $78.67. The stock has a fifty day moving average of $47.40 and a 200-day moving average of $47.37. The firm has a market capitalization of $1.30 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. During the same quarter in the prior year, the company earned $0.53 EPS. Papa Johns International's quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts expect that Papa Johns International will post 2.21 earnings per share for the current year.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.61%. The ex-dividend date was Monday, November 18th. Papa Johns International's dividend payout ratio (DPR) is presently 64.11%.

Institutional Trading of Papa Johns International

Several hedge funds have recently modified their holdings of PZZA. Signaturefd LLC lifted its position in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International in the 3rd quarter worth about $42,000. US Bancorp DE grew its position in shares of Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after purchasing an additional 922 shares in the last quarter. CWM LLC lifted its holdings in shares of Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company's stock worth $91,000 after acquiring an additional 365 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Papa Johns International during the 3rd quarter worth approximately $156,000.

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.