Papa John’s International (NASDAQ:PZZA) Price Target Lowered to $125.00 at BTIG Research

Papa John’s International (NASDAQ:PZZA – Get Rating) had its price target decreased by investment analysts at BTIG Research from $155.00 to $125.00 in a report released on Tuesday, The Fly reports. BTIG Research’s price objective suggests a potential upside of 35.90% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Oppenheimer reiterated a “buy” rating and set a $140.00 price objective on shares of Papa John’s International in a research report on Friday, April 1st. Wedbush lowered their price objective on Papa John’s International from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, February 11th. MKM Partners lowered their price objective on Papa John’s International from $135.00 to $120.00 in a research report on Friday, February 25th. KeyCorp lowered 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 report on Tuesday, February 22nd. Finally, Northcoast Research upgraded Papa John’s International from a “neutral” rating to a “buy” rating and set a $147.00 price objective on the stock in a research report on Wednesday, February 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $138.67.

PZZA opened at $91.98 on Tuesday. Papa John’s International has a 1-year low of $89.77 and a 1-year high of $140.68. The stock’s fifty day simple moving average is $101.75 and its 200 day simple moving average is $116.83. The stock has a market cap of $3.31 billion, a PE ratio of -4,599.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05.

Papa John’s International (NASDAQ:PZZA – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Papa John’s International had a negative return on equity of 73.09% and a net margin of 5.80%. The business had revenue of $528.89 million for the quarter, compared to analysts’ expectations of $524.71 million. During the same quarter in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts predict that Papa John’s International will post 3.64 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in PZZA. CWM LLC acquired a new stake in shares of Papa John’s International during the fourth quarter valued at about $97,000. Okabena Investment Services Inc. acquired a new stake in shares of Papa John’s International during the fourth quarter valued at about $110,000. Gladius Capital Management LP acquired a new stake in shares of Papa John’s International during the fourth quarter valued at about $168,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Papa John’s International by 110.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,275 shares of the company’s stock valued at $171,000 after purchasing an additional 670 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Papa John’s International by 20.2% during the third quarter. US Bancorp DE now owns 1,328 shares of the company’s stock valued at $169,000 after purchasing an additional 223 shares in the last quarter. 98.48% of the stock is currently owned by institutional investors and hedge funds.

Papa John’s International Company Profile (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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