Jefferies Financial Group Issues Pessimistic Forecast for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA) had its target price cut by Jefferies Financial Group from $55.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 11.14% from the stock’s current price.

Several other research firms also recently commented on PZZA. UBS Group reduced their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Monday. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Bank of America raised their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $58.33.

Papa Johns International Stock Up 0.2 %

Shares of PZZA stock traded up $0.07 during mid-day trading on Wednesday, hitting $37.79. 540,272 shares of the stock were exchanged, compared to its average volume of 1,500,575. Papa Johns International has a 52-week low of $36.25 and a 52-week high of $78.67. The company has a market cap of $1.23 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The firm has a fifty day moving average of $45.47 and a 200 day moving average of $46.98.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. Equities analysts predict that Papa Johns International will post 2.21 EPS for the current year.

Hedge Funds Weigh In On Papa Johns International

Several institutional investors have recently bought and sold shares of PZZA. Signaturefd LLC grew its holdings in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new position in shares of Papa Johns International in the third quarter worth $42,000. US Bancorp DE increased its position in shares of Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after acquiring an additional 922 shares during the period. CWM LLC raised its stake in shares of Papa Johns International by 27.5% in the third quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after acquiring an additional 365 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Papa Johns International in the third quarter valued at $156,000.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.