KeyCorp Downgrades Papa Johns International (NASDAQ:PZZA) to Sector Weight

Papa Johns International (NASDAQ:PZZA) was downgraded by KeyCorp from an “overweight” rating to a “sector weight” rating in a report released on Thursday,Briefing.com Automated Import reports.

A number of other research analysts have also weighed in on PZZA. Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. UBS Group raised their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Bank of America raised their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.82.

Papa Johns International Price Performance

Shares of NASDAQ:PZZA opened at $50.79 on Thursday. Papa Johns International has a 1 year low of $39.90 and a 1 year high of $78.67. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The business’s 50 day moving average price is $51.73 and its 200-day moving average price is $48.92.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results 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 negative return on equity of 19.61% and a net margin of 4.51%. The firm had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that Papa Johns International will post 2.23 earnings per share for the current year.

Institutional Trading of Papa Johns International

A number of hedge funds and other institutional investors have recently modified their holdings of PZZA. Seven Eight Capital LP increased its position in shares of Papa Johns International by 396.0% during the 1st quarter. Seven Eight Capital LP now owns 16,591 shares of the company’s stock worth $1,105,000 after purchasing an additional 13,246 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after purchasing an additional 166,246 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Papa Johns International by 19.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after purchasing an additional 176,470 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Papa Johns International by 4.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after purchasing an additional 40,996 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Papa Johns International by 30.2% during the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares during the last quarter.

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.