Papa Johns International (NASDAQ:PZZA) Sets New 1-Year Low – What’s Next?

Papa Johns International, Inc. (NASDAQ:PZZA) hit a new 52-week low during trading on Thursday . The company traded as low as $39.81 and last traded at $39.90, with a volume of 1149211 shares. The stock had previously closed at $40.42.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research note on Friday, December 13th. UBS Group lifted their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Friday, December 13th. Finally, KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.82.

Papa Johns International Trading Down 1.3 %

The stock has a market capitalization of $1.30 billion, a P/E ratio of 13.90, a PEG ratio of 2.27 and a beta of 1.16. The company has a fifty day simple moving average of $50.37 and a two-hundred day simple moving average of $48.01.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, analysts forecast that Papa Johns International, Inc. will post 2.21 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.46 per share. The ex-dividend date was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.61%. Papa Johns International’s dividend payout ratio is 64.11%.

Institutional Investors Weigh In On Papa Johns International

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC bought a new stake in Papa Johns International in the 3rd quarter valued at approximately $42,000. US Bancorp DE lifted its stake in Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares in the last quarter. CWM LLC boosted its position in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after acquiring an additional 365 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Papa Johns International in the third quarter valued at approximately $156,000.

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.