Papa John’s International (NASDAQ:PZZA) Stock Rating Upgraded by Mizuho

Papa John’s International (NASDAQ:PZZA) was upgraded by equities research analysts at Mizuho to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Stifel Nicolaus increased their price target on Papa John’s International from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, August 15th. Stephens set a $50.00 price target on Papa John’s International in a research note on Monday, October 13th. Zacks Research cut Papa John’s International from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Finally, Benchmark reiterated a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of Papa John’s International in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.60.

Papa John’s International Trading Up 1.0%

Shares of NASDAQ:PZZA opened at $52.46 on Tuesday. The company has a market capitalization of $1.72 billion, a PE ratio of 23.21, a P/E/G ratio of 4.41 and a beta of 1.10. The business’s fifty day simple moving average is $48.49 and its 200-day simple moving average is $44.92. Papa John’s International has a 12-month low of $30.16 and a 12-month high of $60.75.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PZZA. Caitong International Asset Management Co. Ltd lifted its stake in Papa John’s International by 4,646.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company’s stock worth $29,000 after acquiring an additional 697 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Papa John’s International by 937.8% in the first quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $34,000 after buying an additional 769 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Papa John’s International by 181.8% in the second quarter. Farther Finance Advisors LLC now owns 947 shares of the company’s stock valued at $46,000 after buying an additional 611 shares during the last quarter. Investors Research Corp purchased a new position in Papa John’s International in the second quarter valued at $49,000. Finally, Huntington National Bank increased its holdings in Papa John’s International by 7,600.0% in the second quarter. Huntington National Bank now owns 1,001 shares of the company’s stock valued at $49,000 after buying an additional 988 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.