Papa Johns International (NASDAQ:PZZA) Given New $42.00 Price Target at Jefferies Financial Group

Papa Johns International (NASDAQ:PZZA) had its price objective reduced by investment analysts at Jefferies Financial Group from $55.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 11.14% from the stock’s current price.

Other analysts have also issued research reports about the company. Stephens restated an “overweight” rating and set a $62.00 price target on shares of Papa Johns International in a report on Monday. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Bank of America lifted their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group reduced their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $58.33.

Papa Johns International Stock Performance

NASDAQ:PZZA traded up $0.07 during trading hours on Wednesday, reaching $37.79. The stock had a trading volume of 540,272 shares, compared to its average volume of 1,500,575. The stock has a market capitalization of $1.23 billion, a PE ratio of 13.17, a PEG ratio of 2.27 and a beta of 1.19. Papa Johns International has a 52 week low of $36.25 and a 52 week high of $78.67. The company has a 50 day moving average price of $45.47 and a two-hundred day moving average price of $46.98.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts predict that Papa Johns International will post 2.21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. 1832 Asset Management L.P. purchased a new position in shares of Papa Johns International in the second quarter worth about $93,586,000. Irth Capital Management LP purchased a new position in Papa Johns International during the 4th quarter worth approximately $66,883,000. River Road Asset Management LLC lifted its stake in Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after acquiring an additional 1,070,485 shares during the period. Earnest Partners LLC boosted its holdings in shares of Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after acquiring an additional 446,477 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Papa Johns International in the 3rd quarter valued at $15,845,000.

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.