Papa John’s Int’l (PZZA) PT Raised to $48.00 at Stifel Nicolaus

Papa John’s Int’l (NASDAQ:PZZA) had its price target upped by stock analysts at Stifel Nicolaus from $38.00 to $48.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 11.13% from the stock’s current price.

A number of other research analysts have also recently commented on the company. BidaskClub raised Papa John’s Int’l from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Papa John’s Int’l from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Bank of America raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 27th. Citigroup reduced their price objective on 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. Finally, Longbow Research raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $60.67.

PZZA opened at $54.01 on Thursday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 20.61, a PEG ratio of 2.72 and a beta of 0.44. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of -2.22. Papa John’s Int’l has a 52 week low of $38.05 and a 52 week high of $72.14.

Papa John’s Int’l (NASDAQ:PZZA) last released its earnings results on Tuesday, August 7th. The company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.05). The firm had revenue of $407.96 million during the quarter, compared to the consensus estimate 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%. As a group, sell-side analysts anticipate that Papa John’s Int’l will post 1.51 earnings per share for the current fiscal year.

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

Papa John’s Int’l 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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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