Papa Johns International (NASDAQ:PZZA) Trading 3.9% Higher

Papa Johns International, Inc. (NASDAQ:PZZA)’s share price shot up 3.9% during mid-day trading on Monday . The stock traded as high as $46.83 and last traded at $46.59. 108,588 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 991,366 shares. The stock had previously closed at $44.86.

Analysts Set New Price Targets

PZZA has been the subject of a number of recent analyst reports. KeyCorp lowered their price target on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Bank of America reduced their price target on Papa Johns International from $78.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Loop Capital reduced their target price on Papa Johns International from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Benchmark dropped their price target on Papa Johns International from $87.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Papa Johns International has a consensus rating of “Moderate Buy” and an average price target of $58.82.

Papa Johns International Trading Up 0.8 %

The company has a market capitalization of $1.51 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The company’s 50 day moving average is $44.77 and its 200-day moving average is $57.30.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business had revenue of $507.89 million during the quarter, compared to the consensus estimate of $520.13 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts predict that Papa Johns International, Inc. will post 2.3 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Monday, August 19th. Papa Johns International’s payout ratio is 81.78%.

Hedge Funds Weigh In On Papa Johns International

Several institutional investors and hedge funds have recently modified their holdings of PZZA. DekaBank Deutsche Girozentrale purchased a new stake in Papa Johns International during the 4th quarter valued at about $114,000. Louisiana State Employees Retirement System purchased a new position in Papa Johns International in the 4th quarter worth approximately $1,250,000. Everence Capital Management Inc. lifted its position in Papa Johns International by 42.6% in the 4th quarter. Everence Capital Management Inc. now owns 5,490 shares of the company’s stock valued at $419,000 after acquiring an additional 1,640 shares in the last quarter. Dupree Financial Group LLC purchased a new stake in Papa Johns International during the 4th quarter valued at $323,000. Finally, CWM LLC increased its holdings in shares of Papa Johns International by 23.5% in the 4th quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after purchasing an additional 156 shares in the last quarter.

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.