Brokerages Set Papa Johns International, Inc. (NASDAQ:PZZA) Price Target at $59.82

Papa Johns International, Inc. (NASDAQ:PZZA) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $58.33.

A number of equities research analysts have recently commented on the company. Stephens reissued an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a research note on Monday, January 13th. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Wednesday, January 15th. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Jefferies Financial Group reduced their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, 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.

Institutional Investors Weigh In On Papa Johns International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its holdings in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Papa Johns International in the third quarter worth $42,000. US Bancorp DE raised 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 valued at $72,000 after purchasing an additional 922 shares during the period. CWM LLC lifted its stake 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 valued at $91,000 after buying an additional 365 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Papa Johns International in the 3rd quarter worth $156,000.

Papa Johns International Price Performance

Shares of Papa Johns International stock opened at $36.01 on Monday. Papa Johns International has a 1 year low of $35.28 and a 1 year high of $78.67. The company has a 50-day moving average of $44.28 and a 200 day moving average of $46.79. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.72 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. On average, equities analysts anticipate that Papa Johns International will post 2.21 EPS for the current year.

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 5.11%. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

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.