Papa John’s International, Inc. (NASDAQ:PZZA) Receives Average Rating of “Buy” from Brokerages

Shares of Papa John’s International, Inc. (NASDAQ:PZZAGet Rating) have been assigned a consensus rating of “Buy” from the seventeen analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $139.33.

Several research firms have commented on PZZA. Wedbush dropped their price objective on shares of Papa John’s International from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, February 11th. Oppenheimer restated a “buy” rating and set a $140.00 price target on shares of Papa John’s International in a report on Friday, April 1st. Stephens reduced their price objective on Papa John’s International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, February 25th. StockNews.com downgraded Papa John’s International from a “buy” rating to a “hold” rating in a research note on Saturday, April 2nd. Finally, KeyCorp reduced their price objective on Papa John’s International from $155.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd.

NASDAQ PZZA opened at $101.83 on Tuesday. Papa John’s International has a 12 month low of $91.53 and a 12 month high of $140.68. The stock has a market cap of $3.67 billion, a PE ratio of -5,091.50, a P/E/G ratio of 1.84 and a beta of 1.02. The stock’s 50 day moving average is $105.14 and its 200 day moving average is $118.72.

Papa John’s International (NASDAQ:PZZAGet Rating) last released its earnings results on Thursday, February 24th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $528.89 million for the quarter, compared to the consensus estimate of $524.71 million. Papa John’s International had a net margin of 5.80% and a negative return on equity of 73.09%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. As a group, sell-side analysts predict that Papa John’s International will post 3.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Monday, February 7th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 4th. Papa John’s International’s dividend payout ratio is currently -7,000.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Papa John’s International by 4.4% in the 1st quarter. Nordea Investment Management AB now owns 73,970 shares of the company’s stock valued at $7,891,000 after acquiring an additional 3,104 shares during the last quarter. Okabena Investment Services Inc. bought a new position in Papa John’s International in the 4th quarter valued at $110,000. American Trust bought a new position in Papa John’s International in the 4th quarter valued at $218,000. Norges Bank bought a new position in Papa John’s International in the 4th quarter valued at $43,663,000. Finally, Westwood Holdings Group Inc. grew its position in Papa John’s International by 31.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 243,903 shares of the company’s stock valued at $32,554,000 after acquiring an additional 58,002 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

About Papa John’s International (Get Rating)

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.

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Analyst Recommendations for Papa John's International (NASDAQ:PZZA)

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