BidaskClub Lowers Papa John’s Int’l (NASDAQ:PZZA) to Hold

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BidaskClub cut shares of Papa John’s Int’l (NASDAQ:PZZA) from a buy rating to a hold rating in a report issued on Friday morning, BidAskClub reports.

Other analysts have also issued reports about the stock. BTIG Research lifted their price target on shares of Papa John’s Int’l to $67.00 and gave the stock a positive rating in a research note on Thursday, November 7th. Northcoast Research restated a buy rating on shares of Papa John’s Int’l in a report on Thursday, October 24th. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a hold rating to a buy rating and raised their target price for the stock from $42.00 to $60.00 in a report on Wednesday, August 28th. CL King assumed coverage on shares of Papa John’s Int’l in a research report on Wednesday, October 23rd. They issued a buy rating and a $65.00 target price for the company. Finally, Jefferies Financial Group lowered shares of Papa John’s Int’l from a buy rating to a hold rating and set a $58.00 target price for the company. in a research note on Monday, November 4th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Papa John’s Int’l has an average rating of Buy and an average target price of $61.56.

Papa John’s Int’l stock opened at $60.46 on Friday. Papa John’s Int’l has a one year low of $38.29 and a one year high of $64.06. The business’s fifty day moving average is $59.75 and its 200 day moving average is $50.88. The stock has a market capitalization of $1.93 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 6.10 and a beta of 0.40.

Papa John’s Int’l (NASDAQ:PZZA) last issued its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The business had revenue of $403.71 million during the quarter, compared to analysts’ expectations of $384.54 million. Papa John’s Int’l had a negative return on equity of 12.34% and a negative net margin of 0.43%. Papa John’s Int’l’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. As a group, research analysts anticipate that Papa John’s Int’l will post 1.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, November 7th. Papa John’s Int’l’s payout ratio is 67.16%.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 100,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $57.58, for a total transaction of $5,758,000.00. Following the completion of the transaction, the insider now owns 4,789,682 shares of the company’s stock, valued at approximately $275,789,889.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John H. Schnatter sold 1,900,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.60, for a total value of $107,540,000.00. The disclosure for this sale can be found here. Insiders sold 2,200,552 shares of company stock worth $125,434,817 in the last ninety days. Corporate insiders own 43.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Private Capital Group LLC bought a new position in Papa John’s Int’l during the second quarter valued at approximately $34,000. Covington Capital Management grew its holdings in shares of Papa John’s Int’l by 560.6% in the third quarter. Covington Capital Management now owns 1,156 shares of the company’s stock valued at $61,000 after purchasing an additional 981 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of Papa John’s Int’l in the third quarter valued at $64,000. Oppenheimer Asset Management Inc. bought a new stake in Papa John’s Int’l in the third quarter worth $67,000. Finally, FNY Investment Advisers LLC bought a new stake in Papa John’s Int’l in the third quarter worth $71,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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