Papa John’s Int’l (PZZA) Sees Unusually-High Trading Volume

Papa John’s Int’l, Inc. (NASDAQ:PZZA) saw an uptick in trading volume on Wednesday . 9,315,100 shares changed hands during mid-day trading, an increase of 596% from the previous session’s volume of 1,338,602 shares.The stock last traded at $50.14 and had previously closed at $46.21.

Several brokerages have commented on PZZA. ValuEngine cut shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Bank of America upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 27th. Citigroup decreased their price target on shares of Papa John’s Int’l from $62.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, August 22nd. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating and boosted their price target for the stock from $35.00 to $38.00 in a research note on Wednesday, August 15th. Finally, Longbow Research upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research report on Monday, August 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $59.56.

The company has a debt-to-equity ratio of -2.22, a quick ratio of 0.90 and a current ratio of 1.08. The stock has a market cap of $1.46 billion, a PE ratio of 17.71, a PEG ratio of 2.45 and a beta of 0.46.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Tuesday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). The business had revenue of $407.96 million for the quarter, compared to analysts’ expectations of $418.30 million. Papa John’s Int’l had a net margin of 4.54% and a negative return on equity of 47.37%. analysts forecast that Papa John’s Int’l, Inc. will post 1.51 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its stake in shares of Papa John’s Int’l by 7.3% in the second quarter. California Public Employees Retirement System now owns 91,072 shares of the company’s stock worth $4,619,000 after acquiring an additional 6,172 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Papa John’s Int’l by 121.5% in the second quarter. Point72 Asset Management L.P. now owns 294,043 shares of the company’s stock worth $14,914,000 after acquiring an additional 161,302 shares during the period. Epoch Investment Partners Inc. increased its stake in shares of Papa John’s Int’l by 7.1% in the second quarter. Epoch Investment Partners Inc. now owns 717,777 shares of the company’s stock worth $36,406,000 after acquiring an additional 47,448 shares during the period. CSat Investment Advisory L.P. acquired a new stake in shares of Papa John’s Int’l in the second quarter worth $335,000. Finally, OppenheimerFunds Inc. increased its stake in shares of Papa John’s Int’l by 16.5% in the second quarter. OppenheimerFunds Inc. now owns 10,348 shares of the company’s stock worth $525,000 after acquiring an additional 1,468 shares during the period. Hedge funds and other institutional investors own 82.64% of the company’s stock.

Papa John’s Int’l Company Profile (NASDAQ:PZZA)

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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