Papa Johns International, Inc. (NASDAQ:PZZA) Given Average Rating of “Moderate Buy” by Brokerages

Papa Johns International, Inc. (NASDAQ:PZZA) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $58.82.

A number of equities research analysts have issued reports on PZZA shares. Wedbush reaffirmed an “outperform” rating and issued a $51.00 price target on shares of Papa Johns International in a research report on Friday, August 23rd. BMO Capital Markets decreased their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. UBS Group dropped their price objective on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Piper Sandler decreased their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, KeyCorp lowered their target price on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, August 9th.

Institutional Trading of Papa Johns International

Institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV lifted its stake in Papa Johns International by 8.0% in the fourth quarter. KBC Group NV now owns 5,714 shares of the company’s stock valued at $436,000 after buying an additional 424 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Papa Johns International by 6.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 922,911 shares of the company’s stock worth $70,354,000 after purchasing an additional 55,227 shares during the period. Sei Investments Co. grew its position in Papa Johns International by 35.3% during the 4th quarter. Sei Investments Co. now owns 889,918 shares of the company’s stock worth $67,838,000 after purchasing an additional 232,177 shares during the last quarter. Nebula Research & Development LLC acquired a new position in Papa Johns International in the fourth quarter valued at $1,047,000. Finally, Congress Asset Management Co. MA raised its holdings in shares of Papa Johns International by 30.3% in the fourth quarter. Congress Asset Management Co. MA now owns 51,750 shares of the company’s stock valued at $3,945,000 after buying an additional 12,037 shares during the last quarter.

Papa Johns International Stock Up 1.9 %

Shares of PZZA opened at $50.53 on Friday. The company has a market cap of $1.65 billion, a P/E ratio of 24.29, a PEG ratio of 2.97 and a beta of 1.20. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The firm’s 50 day moving average price is $48.41 and its 200 day moving average price is $50.74.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. Research analysts forecast that Papa Johns International will post 2.27 earnings per share for the current year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Monday, August 19th. Papa Johns International’s payout ratio is 88.46%.

About Papa Johns International

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.