Papa John’s International (NASDAQ:PZZA) Given a $42.00 Price Target by Stifel Nicolaus Analysts

Papa John’s International (NASDAQ:PZZA) received a $42.00 price target from investment analysts at Stifel Nicolaus in a research report issued on Friday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 11.71% from the stock’s current price.

A number of other research analysts have also commented on PZZA. Benchmark reaffirmed a “buy” rating and set a $60.00 price target (up previously from $50.00) on shares of Papa John’s International in a research report on Monday, August 11th. Stephens reaffirmed an “overweight” rating and set a $52.00 price target (up previously from $50.00) on shares of Papa John’s International in a research report on Friday, August 8th. UBS Group reaffirmed a “neutral” rating and set a $42.00 price target (up previously from $38.00) on shares of Papa John’s International in a research report on Monday, August 4th. Loop Capital lowered their price target on Papa John’s International from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.33.

Papa John’s International Stock Down 0.1%

Shares of PZZA stock opened at $47.57 on Friday. The business has a 50-day moving average price of $46.53 and a two-hundred day moving average price of $42.83. Papa John’s International has a 12-month low of $30.16 and a 12-month high of $60.75. The firm has a market cap of $1.56 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.64 and a beta of 1.13.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Papa John’s International had a negative return on equity of 14.42% and a net margin of 3.58%. The company had revenue of $529.17 million during the quarter, compared to analyst estimates of $515.48 million. During the same quarter in the previous year, the company posted $0.61 EPS. Papa John’s International’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts expect that Papa John’s International will post 2.19 EPS for the current fiscal year.

Institutional Trading of Papa John’s International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board grew its stake in shares of Papa John’s International by 7.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 111,617 shares of the company’s stock worth $5,463,000 after buying an additional 8,140 shares during the last quarter. Headlands Technologies LLC boosted its stake in Papa John’s International by 9.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,170 shares of the company’s stock valued at $400,000 after purchasing an additional 733 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Papa John’s International during the 2nd quarter valued at $235,000. State of Tennessee Department of Treasury boosted its stake in Papa John’s International by 32.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 10,406 shares of the company’s stock valued at $509,000 after purchasing an additional 2,521 shares during the last quarter. Finally, Monimus Capital Management LP boosted its stake in Papa John’s International by 62.3% during the 2nd quarter. Monimus Capital Management LP now owns 115,729 shares of the company’s stock valued at $5,664,000 after purchasing an additional 44,440 shares during the last quarter.

About Papa John’s International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.