Papa Johns International, Inc. (NASDAQ:PZZA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $58.82.

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. UBS Group dropped their price target on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. KeyCorp reduced their price target on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Piper Sandler dropped their price objective on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Bank of America reduced their target price 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PZZA. Vanguard Group Inc. boosted its stake in Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after purchasing an additional 166,246 shares during the period. Earnest Partners LLC boosted its position in shares of Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after purchasing an additional 446,477 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in Papa Johns International in the second quarter worth approximately $93,586,000. Wellington Management Group LLP grew its holdings in shares of Papa Johns International by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 1,698,833 shares of the company’s stock worth $129,502,000 after acquiring an additional 192,149 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Papa Johns International by 30.2% in the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares in the last quarter.

Papa Johns International Trading Up 1.2 %

Shares of Papa Johns International stock opened at $49.60 on Tuesday. Papa Johns International has a twelve month low of $39.90 and a twelve month high of $78.74. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The company has a fifty day moving average price of $44.97 and a 200 day moving average price of $53.40.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. The company had revenue of $507.89 million during the quarter, compared to the consensus estimate of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. Analysts forecast that Papa Johns International will post 2.27 earnings per share for the current year.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, August 19th. This represents a $1.84 annualized dividend and a yield of 3.71%. Papa Johns International’s dividend payout ratio (DPR) is 81.78%.

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.