Papa Johns International (NASDAQ:PZZA) Receives Outperform Rating from Wedbush

Papa Johns International (NASDAQ:PZZA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $60.00 price objective on the stock. Wedbush’s price target suggests a potential upside of 27.55% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Bank of America raised their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. UBS Group raised their target price on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 8th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Stephens restated an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a report on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.82.

Papa Johns International Trading Up 0.1 %

PZZA opened at $47.04 on Friday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.38 and a beta of 1.16. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The stock has a fifty day moving average price of $50.94 and a 200 day moving average price of $48.14.

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

Hedge Funds Weigh In On Papa Johns International

Institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC increased its stake in shares of Papa Johns International by 85.9% in the third quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock worth $10,237,000 after purchasing an additional 87,801 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of Papa Johns International by 19.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after purchasing an additional 176,470 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Papa Johns International by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after purchasing an additional 40,996 shares during the period. Sei Investments Co. increased its stake in shares of Papa Johns International by 30.2% in the second 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 during the period. Finally, Millennium Management LLC increased its stake in shares of Papa Johns International by 366.5% in the second quarter. Millennium Management LLC now owns 228,665 shares of the company’s stock worth $10,743,000 after purchasing an additional 179,653 shares during the period.

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.