UBS Group Raises Papa Johns International (NASDAQ:PZZA) Price Target to $56.00

Papa Johns International (NASDAQ:PZZA) had its price target boosted by stock analysts at UBS Group from $47.00 to $56.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 1.71% from the stock’s current price.

A number of other research firms have also recently weighed in on PZZA. Piper Sandler decreased their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. BMO Capital Markets dropped their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday. KeyCorp reduced their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.82.

Papa Johns International Trading Down 0.8 %

NASDAQ PZZA traded down $0.47 during midday trading on Friday, hitting $55.06. The company had a trading volume of 308,150 shares, compared to its average volume of 986,249. The company has a market capitalization of $1.80 billion, a PE ratio of 26.55, a P/E/G ratio of 3.53 and a beta of 1.19. Papa Johns International has a twelve month low of $39.90 and a twelve month high of $78.67. The firm has a 50-day moving average price of $51.37 and a 200-day moving average price of $49.33.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. During the same period last year, the firm posted $0.53 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Papa Johns International will post 2.29 EPS for the current year.

Institutional Investors Weigh In On Papa Johns International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Seven Eight Capital LP raised its stake in shares of Papa Johns International by 396.0% during the first quarter. Seven Eight Capital LP now owns 16,591 shares of the company’s stock valued at $1,105,000 after acquiring an additional 13,246 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Papa Johns International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock worth $1,877,000 after buying an additional 356 shares during the period. Vanguard Group Inc. increased its stake in shares of Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after buying an additional 166,246 shares during the period. Stephens Investment Management Group LLC raised its holdings in shares of Papa Johns International by 19.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after acquiring an additional 176,470 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in Papa Johns International by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after acquiring an additional 40,996 shares during the period.

Papa Johns 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.