UBS Group Cuts Papa Johns International (NASDAQ:PZZA) Price Target to $45.00

Papa Johns International (NASDAQ:PZZA) had its price target decreased by equities researchers at UBS Group from $56.00 to $45.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 6.31% from the company’s current price.

PZZA has been the topic of a number of other reports. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Bank of America increased their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Friday, December 13th. Finally, Stephens restated an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a research report on Friday, December 13th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Papa Johns International presently has a consensus rating of “Hold” and an average price target of $59.82.

Papa Johns International Stock Performance

NASDAQ PZZA opened at $42.33 on Tuesday. The stock has a 50-day simple moving average of $47.40 and a 200 day simple moving average of $47.37. The stock has a market capitalization of $1.38 billion, a PE ratio of 14.75, a P/E/G ratio of 2.27 and a beta of 1.19. Papa Johns International has a twelve month low of $38.25 and a twelve month high of $78.67.

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, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. As a group, equities research analysts forecast that Papa Johns International will post 2.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in Papa Johns International by 1.4% in the second quarter. Rhumbline Advisers now owns 103,726 shares of the company’s stock worth $4,873,000 after acquiring an additional 1,410 shares in the last quarter. Quest Partners LLC grew its stake in shares of Papa Johns International by 12.2% in the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock worth $177,000 after acquiring an additional 410 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Papa Johns International by 211.2% during the second quarter. Headlands Technologies LLC now owns 12,138 shares of the company’s stock valued at $570,000 after purchasing an additional 8,238 shares in the last quarter. American Century Companies Inc. boosted its holdings in Papa Johns International by 18.1% during the second quarter. American Century Companies Inc. now owns 5,386 shares of the company’s stock worth $253,000 after purchasing an additional 827 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. grew its position in Papa Johns International by 242.4% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 138,428 shares of the company’s stock worth $6,503,000 after purchasing an additional 98,005 shares in the last quarter.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.