Papa Johns International (NASDAQ:PZZA) Earns Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Papa Johns International (NASDAQ:PZZA - Free Report) in a research report released on Friday,Benzinga reports. They currently have a $60.00 price target on the stock.

Several other equities analysts have also issued reports on the stock. KeyCorp cut their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Piper Sandler cut their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, August 9th. BMO Capital Markets decreased their target price on Papa Johns International from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft cut their target price on Papa Johns International from $58.00 to $45.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Finally, Stephens restated an "overweight" rating and issued a $62.00 target price on shares of Papa Johns International in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Papa Johns International presently has an average rating of "Moderate Buy" and an average price target of $60.82.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA traded down $0.43 during midday trading on Friday, hitting $55.10. 1,193,561 shares of the company's stock traded hands, compared to its average volume of 990,329. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The firm has a fifty day moving average of $51.37 and a 200 day moving average of $49.33. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.66 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business's revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Papa Johns International will post 2.29 earnings per share for the current year.

Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.34%. Papa Johns International's payout ratio is currently 88.46%.

Institutional Investors Weigh In On Papa Johns International

A number of hedge funds and other institutional investors have recently modified their holdings of PZZA. Signaturefd LLC raised its position in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company's stock worth $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC acquired a new stake in Papa Johns International in the third quarter valued at approximately $42,000. CWM LLC boosted its stake in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock worth $62,000 after acquiring an additional 525 shares in the last quarter. US Bancorp DE boosted its holdings 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 buying an additional 922 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Papa Johns International during the 3rd quarter worth about $156,000.

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.