Analysts Set Papa Johns International, Inc. (NASDAQ:PZZA) PT at $58.82

Papa Johns International, Inc. (NASDAQ:PZZA) has received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.82.

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Benchmark lowered their price target on Papa Johns International from $87.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Loop Capital dropped their price objective on Papa Johns International from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, May 10th. Wedbush reissued an “outperform” rating and set a $51.00 target price on shares of Papa Johns International in a research note on Friday, August 9th. Finally, Bank of America dropped their price target on Papa Johns International from $78.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PZZA. CWM LLC boosted its stake in Papa Johns International by 23.5% during the fourth quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after acquiring an additional 156 shares in the last quarter. Texas Yale Capital Corp. boosted its position in shares of Papa Johns International by 5.6% in the 1st quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock worth $304,000 after purchasing an additional 240 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Papa Johns International by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock worth $265,000 after buying an additional 250 shares during the last quarter. Inspire Investing LLC increased its position in Papa Johns International by 6.6% during the 1st quarter. Inspire Investing LLC now owns 5,366 shares of the company’s stock valued at $357,000 after buying an additional 333 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in Papa Johns International by 396.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the last quarter.

Papa Johns International Price Performance

PZZA opened at $46.58 on Friday. The stock’s 50 day simple moving average is $44.68 and its 200 day simple moving average is $56.28. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.74 and a beta of 1.16. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $79.40.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Papa Johns International will post 2.29 EPS for the current year.

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Monday, August 19th. Papa Johns International’s dividend payout ratio (DPR) is presently 81.78%.

About Papa Johns International

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.