Papa Johns International’s (PZZA) Overweight Rating Reaffirmed at Stephens

Papa Johns International (NASDAQ:PZZA)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a note issued to investors on Friday,Benzinga reports. They presently have a $62.00 price objective on the stock. Stephens’ target price indicates a potential upside of 31.80% from the stock’s current price.

A number of other brokerages also recently issued reports on PZZA. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Bank of America increased their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday. Finally, UBS Group raised their price objective on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Papa Johns International has an average rating of “Hold” and an average target price of $60.82.

Papa Johns International Stock Performance

Shares of PZZA stock opened at $47.04 on Friday. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The company has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $48.14. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.38 and a beta of 1.16.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $497.28 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Papa Johns International will post 2.21 EPS for the current fiscal year.

Institutional Trading of Papa Johns International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC grew its holdings in shares of Papa Johns International by 85.9% during the 3rd quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock valued at $10,237,000 after purchasing an additional 87,801 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Papa Johns International by 19.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after acquiring an additional 176,470 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Papa Johns International by 4.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after acquiring an additional 40,996 shares during the last quarter. Sei Investments Co. grew its holdings in Papa Johns International by 30.2% in the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after acquiring an additional 281,399 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Papa Johns International by 366.5% during the 2nd quarter. Millennium Management LLC now owns 228,665 shares of the company’s stock valued at $10,743,000 after purchasing an additional 179,653 shares in the last quarter.

Papa Johns 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.