Global to a “positive” rating in a research report issued on Thursday, The Fly reports.
Several other equities analysts also recently weighed in on PZZA. Oppenheimer reaffirmed a “buy” rating and issued a $140.00 target price on shares of Papa John’s International in a research report on Friday, April 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Papa John’s International from $109.00 to $92.00 in a research note on Monday. Credit Suisse Group reduced their price objective on Papa John’s International from $154.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, April 4th. BTIG Research cut their price target on Papa John’s International from $155.00 to $125.00 in a research note on Tuesday, May 3rd. Finally, KeyCorp cut their price target on Papa John’s International from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.36.
Papa John’s International Stock Performance
Papa John’s International stock opened at $87.19 on Thursday. The company’s fifty day moving average price is $84.07 and its 200 day moving average price is $99.53. Papa John’s International has a 1 year low of $74.46 and a 1 year high of $140.68. The stock has a market capitalization of $3.12 billion, a P/E ratio of -158.53, a P/E/G ratio of 1.73 and a beta of 1.02.
Papa John’s International (NASDAQ:PZZA – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Papa John’s International had a negative return on equity of 75.29% and a net margin of 4.60%. The company had revenue of $542.69 million for the quarter, compared to analyst estimates of $540.38 million. During the same quarter last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts predict that Papa John’s International will post 3.32 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Papa John’s International in the 4th quarter valued at about $100,365,000. Invesco Ltd. grew its stake in shares of Papa John’s International by 94.5% during the fourth quarter. Invesco Ltd. now owns 1,079,046 shares of the company’s stock worth $144,019,000 after buying an additional 524,219 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Papa John’s International by 123.5% during the first quarter. 1832 Asset Management L.P. now owns 295,978 shares of the company’s stock worth $30,732,000 after purchasing an additional 163,522 shares during the period. Eaton Vance Management lifted its holdings in shares of Papa John’s International by 9,772.9% during the first quarter. Eaton Vance Management now owns 157,473 shares of the company’s stock worth $16,578,000 after purchasing an additional 155,878 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Papa John’s International by 32.2% in the fourth quarter. Principal Financial Group Inc. now owns 490,477 shares of the company’s stock valued at $65,173,000 after buying an additional 119,373 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.
About Papa John’s International
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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
