Papa John’s International (NASDAQ:PZZA) PT Lowered to $69.00

Papa John’s International (NASDAQ:PZZA) had its target price cut by Bank of America from $78.00 to $69.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. KeyCorp dropped their price objective on shares of Papa John’s International from $78.00 to $64.00 and set an overweight rating for the company in a research note on Friday, May 10th. Wedbush dropped their price objective on shares of Papa John’s International from $76.00 to $65.00 and set an outperform rating for the company in a research note on Friday, May 10th. Stifel Nicolaus dropped their price objective on shares of Papa John’s International from $55.00 to $45.00 and set a hold rating for the company in a research note on Wednesday, June 26th. BTIG Research downgraded shares of Papa John’s International from a buy rating to a neutral rating in a research note on Friday, March 22nd. Finally, Stephens reaffirmed an overweight rating and set a $75.00 price objective on shares of Papa John’s International in a research note on Thursday, May 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Papa John’s International presently has an average rating of Moderate Buy and an average target price of $71.10.

Papa John’s International Trading Down 3.0 %

Shares of PZZA stock opened at $41.40 on Wednesday. The firm has a 50-day moving average price of $46.89 and a 200 day moving average price of $61.10. Papa John’s International has a twelve month low of $40.56 and a twelve month high of $86.38. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.82 and a beta of 1.16.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, May 9th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. Papa John’s International had a net margin of 3.50% and a negative return on equity of 19.46%. The firm had revenue of $513.90 million during the quarter, compared to the consensus estimate of $544.46 million. During the same quarter in the previous year, the company posted $0.68 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts predict that Papa John’s International will post 2.4 earnings per share for the current year.

Papa John’s International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Friday, May 17th. Papa John’s International’s dividend payout ratio is presently 81.78%.

Insiders Place Their Bets

In related news, CEO Ravi Thanawala purchased 1,900 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $52.41 per share, for a total transaction of $99,579.00. Following the acquisition, the chief executive officer now directly owns 38,920 shares in the company, valued at $2,039,797.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Papa John’s International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of Papa John’s International by 23.5% during the 4th quarter. CWM LLC now owns 819 shares of the company’s stock valued at $62,000 after buying an additional 156 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Papa John’s International by 5.6% during the 1st quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock valued at $304,000 after buying an additional 240 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Papa John’s International by 6.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock valued at $265,000 after buying an additional 250 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Papa John’s International by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,501 shares of the company’s stock valued at $191,000 after buying an additional 323 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Papa John’s 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 during the last quarter.

Papa John’s 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.