Papa John’s International, Inc. (NASDAQ:PZZA) Receives $74.80 Consensus PT from Brokerages

Shares of Papa John’s International, Inc. (NASDAQ:PZZA) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $74.80.

A number of brokerages have recently issued reports on PZZA. KeyCorp cut their target price on Papa John’s International from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Stifel Nicolaus cut their target price on Papa John’s International from $55.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft cut their target price on Papa John’s International from $77.00 to $58.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. BTIG Research lowered Papa John’s International from a “buy” rating to a “neutral” rating in a research report on Friday, March 22nd. Finally, Wedbush dropped their price target on Papa John’s International from $76.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th.

Insider Transactions at Papa John’s International

In related news, CEO Ravi Thanawala purchased 1,900 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of $52.41 per share, for a total transaction of $99,579.00. Following the purchase, the chief executive officer now owns 38,920 shares in the company, valued at approximately $2,039,797.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Papa John’s International

Several hedge funds have recently added to or reduced their stakes in PZZA. Janney Montgomery Scott LLC boosted its stake in Papa John’s International by 8.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,058 shares of the company’s stock valued at $345,000 after purchasing an additional 400 shares during the period. PNC Financial Services Group Inc. boosted its stake in Papa John’s International by 6.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,482 shares of the company’s stock valued at $374,000 after purchasing an additional 345 shares during the period. Envestnet Asset Management Inc. boosted its stake in Papa John’s International by 175.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 201,063 shares of the company’s stock valued at $13,717,000 after purchasing an additional 128,016 shares during the period. Invesco Ltd. boosted its stake in Papa John’s International by 4.9% during the 3rd quarter. Invesco Ltd. now owns 556,511 shares of the company’s stock valued at $37,965,000 after purchasing an additional 25,991 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Papa John’s International by 731.9% during the 3rd quarter. Hsbc Holdings PLC now owns 62,457 shares of the company’s stock valued at $4,263,000 after purchasing an additional 54,949 shares during the period.

Papa John’s International Stock Down 1.4 %

Shares of Papa John’s International stock opened at $44.61 on Thursday. The business has a fifty day simple moving average of $50.73 and a 200-day simple moving average of $63.79. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. Papa John’s International has a fifty-two week low of $44.23 and a fifty-two week high of $86.38.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, May 9th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $513.90 million for the quarter, compared to analyst estimates of $544.46 million. Papa John’s International had a negative return on equity of 19.46% and a net margin of 3.50%. Papa John’s International’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Analysts anticipate that Papa John’s International will post 2.4 earnings per share for the current fiscal year.

Papa John’s International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.84 annualized dividend and a dividend yield of 4.12%. Papa John’s International’s dividend payout ratio (DPR) is presently 81.78%.

About Papa John’s 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.