Benchmark Cuts Papa John’s International (NASDAQ:PZZA) Price Target to $50.00

Papa John’s International (NASDAQ:PZZAGet Free Report) had its price objective cut by Benchmark from $60.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 63.12% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Stephens reduced their price objective on Papa John’s International from $49.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday. Mizuho cut their target price on Papa John’s International from $40.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Zacks Research raised shares of Papa John’s International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Papa John’s International in a research note on Monday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $42.00 target price on shares of Papa John’s International in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.67.

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Papa John’s International Price Performance

PZZA stock traded down $0.26 during midday trading on Friday, reaching $30.65. The company had a trading volume of 1,174,878 shares, compared to its average volume of 1,155,467. The firm has a 50-day moving average price of $36.19 and a 200-day moving average price of $42.50. The company has a market capitalization of $1.01 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.77 and a beta of 1.20. Papa John’s International has a 1 year low of $30.16 and a 1 year high of $55.74.

Papa John’s International (NASDAQ:PZZAGet Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $498.18 million for the quarter, compared to analysts’ expectations of $517.25 million. Papa John’s International had a net margin of 1.79% and a negative return on equity of 13.54%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. On average, equities analysts predict that Papa John’s International will post 2.19 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Papa John’s International by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,507 shares of the company’s stock valued at $290,000 after acquiring an additional 206 shares in the last quarter. Farther Finance Advisors LLC increased its position in Papa John’s International by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,157 shares of the company’s stock valued at $56,000 after purchasing an additional 210 shares during the period. Financial Advocates Investment Management raised its holdings in Papa John’s International by 3.1% in the 2nd quarter. Financial Advocates Investment Management now owns 7,623 shares of the company’s stock worth $373,000 after purchasing an additional 226 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of Papa John’s International by 0.4% in the 2nd quarter. Isthmus Partners LLC now owns 74,589 shares of the company’s stock worth $3,650,000 after purchasing an additional 271 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Papa John’s International by 6.2% during the 3rd quarter. Blue Trust Inc. now owns 5,176 shares of the company’s stock valued at $249,000 after purchasing an additional 304 shares in the last quarter.

Key Stories Impacting Papa John’s International

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Papa John’s International Company Profile

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Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.

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