Brokerages Set Papa John’s International, Inc. (NASDAQ:PZZA) PT at $38.50

Papa John’s International, Inc. (NASDAQ:PZZA) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $38.50.

A number of analysts recently commented on the company. Piper Sandler reduced their price objective on Papa John’s International from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Papa John’s International from $45.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Stephens restated an “overweight” rating and issued a $40.00 price target on shares of Papa John’s International in a research report on Thursday, May 14th. Benchmark reduced their price target on Papa John’s International from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings cut Papa John’s International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th.

Institutional Trading of Papa John’s International

A number of hedge funds and other institutional investors have recently bought and sold shares of PZZA. Irenic Capital Management LP purchased a new stake in shares of Papa John’s International during the third quarter worth about $51,699,000. Great Hill Capital LLC purchased a new stake in shares of Papa John’s International during the fourth quarter worth about $5,843,000. Willis Investment Counsel purchased a new stake in shares of Papa John’s International during the fourth quarter worth about $1,336,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Papa John’s International during the third quarter worth about $12,374,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Papa John’s International during the third quarter worth about $3,105,000.

Papa John’s International Stock Performance

Papa John’s International stock opened at $31.86 on Thursday. The stock has a market cap of $1.05 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15. Papa John’s International has a one year low of $29.55 and a one year high of $55.74. The stock has a fifty day moving average of $34.42 and a 200 day moving average of $36.14.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $478.61 million for the quarter, compared to analysts’ expectations of $485.51 million. Papa John’s International had a net margin of 1.37% and a negative return on equity of 10.71%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. As a group, sell-side analysts predict that Papa John’s International will post 1.51 EPS for the current fiscal year.

Papa John’s International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.46 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.84 dividend on an annualized basis and a yield of 5.8%. Papa John’s International’s dividend payout ratio is presently 221.69%.

About Papa John’s International

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.