Papa Johns International (NASDAQ:PZZA) Cut to Sector Weight at KeyCorp

KeyCorp downgraded shares of Papa Johns International (NASDAQ:PZZA) from an overweight rating to a sector weight rating in a research report sent to investors on Thursday, Marketbeat.com reports. KeyCorp also issued estimates for Papa Johns International’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.38 EPS.

PZZA has been the subject of several other reports. Bank of America increased their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, November 8th. Finally, BMO Capital Markets dropped their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Trading Down 3.7 %

PZZA opened at $47.32 on Thursday. The stock has a 50-day moving average price of $51.77 and a 200-day moving average price of $48.73. Papa Johns International has a 12-month low of $39.90 and a 12-month high of $78.67. The stock has a market capitalization of $1.54 billion, a P/E ratio of 16.49, a PEG ratio of 2.37 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. Papa Johns International’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. On average, equities research analysts predict that Papa Johns International will post 2.23 EPS for the current year.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PZZA. 1832 Asset Management L.P. bought a new position in Papa Johns International during the 2nd quarter valued at approximately $93,586,000. River Road Asset Management LLC increased its position in Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after buying an additional 1,070,485 shares in the last quarter. Cowen AND Company LLC bought a new position in Papa Johns International during the 2nd quarter valued at approximately $32,736,000. Earnest Partners LLC increased its position in Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after buying an additional 446,477 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Papa Johns International during the 3rd quarter valued at approximately $15,845,000.

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.