Papa Johns International (NASDAQ:PZZA) Price Target Lowered to $40.00 at Stifel Nicolaus

Papa Johns International (NASDAQ:PZZA) had its price objective decreased by stock analysts at Stifel Nicolaus from $45.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 0.50% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a report on Thursday, February 27th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, February 28th. Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Northcoast Research upgraded Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Finally, UBS Group reduced their target price 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.25.

Papa Johns International Trading Down 0.9 %

PZZA stock traded down $0.38 during mid-day trading on Wednesday, hitting $40.20. The stock had a trading volume of 497,702 shares, compared to its average volume of 1,180,415. The firm has a fifty day simple moving average of $43.35 and a 200 day simple moving average of $46.54. The firm has a market capitalization of $1.31 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.41 and a beta of 1.16. Papa Johns International has a 52 week low of $35.28 and a 52 week high of $68.66.

Hedge Funds Weigh In On Papa Johns International

Several institutional investors have recently added to or reduced their stakes in PZZA. Intech Investment Management LLC purchased a new position in shares of Papa Johns International during the 3rd quarter valued at $411,000. Charles Schwab Investment Management Inc. lifted its stake in Papa Johns International by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company’s stock worth $20,399,000 after purchasing an additional 28,883 shares in the last quarter. FMR LLC boosted its holdings in Papa Johns International by 89.2% in the 3rd quarter. FMR LLC now owns 6,150 shares of the company’s stock valued at $331,000 after purchasing an additional 2,900 shares during the period. BNP Paribas Financial Markets grew its position in shares of Papa Johns International by 19.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,130 shares of the company’s stock valued at $1,192,000 after purchasing an additional 3,659 shares in the last quarter. Finally, Isthmus Partners LLC increased its holdings in shares of Papa Johns International by 264.4% in the third quarter. Isthmus Partners LLC now owns 35,759 shares of the company’s stock worth $1,926,000 after purchasing an additional 25,947 shares during the period.

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.