Papa Johns International (NASDAQ:PZZA) Price Target Raised to $71.00 at Bank of America

Papa Johns International (NASDAQ:PZZA) had its target price upped by Bank of America from $66.00 to $71.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 35.60% from the stock’s previous close.

Several other research firms also recently commented on PZZA. Stifel Nicolaus reduced their price objective on Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. KeyCorp decreased their price target on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday, August 8th. Finally, UBS Group lowered their target price on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Papa Johns International has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Papa Johns International Stock Performance

Shares of PZZA traded down $2.11 during trading hours on Tuesday, hitting $52.36. The stock had a trading volume of 331,516 shares, compared to its average volume of 982,946. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 3.36 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 has a 50-day moving average price of $49.57 and a 200 day moving average price of $49.97.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. During the same quarter last year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, analysts predict that Papa Johns International will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PZZA. Signaturefd LLC lifted its holdings in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Papa Johns International during the third quarter worth $42,000. CWM LLC boosted its position in shares of Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after buying an additional 525 shares during the period. nVerses Capital LLC purchased a new position in shares of Papa Johns International during the third quarter worth $156,000. Finally, Blue Trust Inc. grew its stake in shares of Papa Johns International by 16.8% in the second quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock valued at $170,000 after buying an additional 520 shares in the last quarter.

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.