Papa John’s International (NASDAQ:PZZA) PT Lowered to $51.00

Papa John’s International (NASDAQ:PZZA) had its price target lowered by Wedbush from $65.00 to $51.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price target indicates a potential upside of 16.95% from the company’s previous close.

A number of other brokerages also recently issued reports on PZZA. KeyCorp cut their price target on shares of Papa John’s International from $78.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa John’s International from $77.00 to $58.00 and set a “hold” rating for the company in a report on Friday, May 10th. Stifel Nicolaus cut their price target on shares of Papa John’s International from $55.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Benchmark lowered their price objective on shares of Papa John’s International from $87.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, Bank of America lowered their price objective on shares of Papa John’s International from $78.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.70.

Papa John’s International Trading Up 4.0 %

Shares of NASDAQ:PZZA traded up $1.66 on Tuesday, hitting $43.61. 796,500 shares of the company were exchanged, compared to its average volume of 960,591. Papa John’s International has a 1-year low of $39.90 and a 1-year high of $84.68. The firm has a market capitalization of $1.44 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The stock’s 50 day moving average price is $45.62 and its 200 day moving average price is $59.73.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $513.90 million during the quarter, compared to the consensus estimate of $544.46 million. Papa John’s International had a net margin of 3.50% and a negative return on equity of 19.46%. Papa John’s International’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, equities analysts predict that Papa John’s International will post 2.37 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ravi Thanawala purchased 1,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $52.41 per share, for a total transaction of $99,579.00. Following the purchase, the chief executive officer now directly owns 38,920 shares of the company’s stock, valued at $2,039,797.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Papa John’s International

Several hedge funds and other institutional investors have recently bought and sold shares of PZZA. Cutler Group LLC CA acquired a new stake in Papa John’s International during the 4th quarter worth $32,000. Blue Trust Inc. raised its stake in Papa John’s International by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,501 shares of the company’s stock worth $191,000 after acquiring an additional 323 shares in the last quarter. Fifth Third Bancorp raised its stake in Papa John’s International by 5.4% during the 4th quarter. Fifth Third Bancorp now owns 31,074 shares of the company’s stock worth $2,369,000 after acquiring an additional 1,590 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Papa John’s International in the fourth quarter valued at $114,000. Finally, United Capital Management of KS Inc. increased its stake in Papa John’s International by 9.1% in the fourth quarter. United Capital Management of KS Inc. now owns 10,283 shares of the company’s stock valued at $784,000 after purchasing an additional 855 shares during the period.

Papa John’s International 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.