Papa Johns International (NASDAQ:PZZA) Given New $45.00 Price Target at UBS Group

Papa Johns International (NASDAQ:PZZA) had its price target lowered by UBS Group from $56.00 to $45.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. Bank of America upped their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, December 13th. Finally, Stephens reissued an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a report on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.82.

Papa Johns International Trading Down 5.6 %

Shares of PZZA stock opened at $39.94 on Tuesday. Papa Johns International has a 1 year low of $38.25 and a 1 year high of $78.67. The firm’s fifty day simple moving average is $47.15 and its 200 day simple moving average is $47.32. The firm has a market capitalization of $1.30 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

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

Papa Johns International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 4.61%. Papa Johns International’s payout ratio is presently 64.11%.

Hedge Funds Weigh In On Papa Johns International

Several hedge funds have recently added to or reduced their stakes in PZZA. Signaturefd LLC increased its stake in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Papa Johns International in the third quarter valued at approximately $42,000. US Bancorp DE raised its holdings in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares during the period. CWM LLC boosted its position in shares of Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after purchasing an additional 365 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Papa Johns International in the 3rd quarter valued at $156,000.

Papa Johns International Company Profile

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.