Wedbush Reiterates “Outperform” Rating for Papa Johns International (NASDAQ:PZZA)

Wedbush restated their outperform rating on shares of Papa Johns International (NASDAQ:PZZAFree Report) in a research report released on Wednesday, Marketbeat reports. Wedbush currently has a $60.00 price target on the stock. Wedbush also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $2.10 EPS and Q1 2025 earnings at $0.60 EPS.

Several other equities research analysts also recently weighed in on the company. UBS Group decreased their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Bank of America upped their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a research report on Monday. Finally, KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Papa Johns International currently has a consensus rating of “Hold” and an average price target of $58.33.

View Our Latest Stock Analysis on Papa Johns International

Papa Johns International Price Performance

NASDAQ PZZA opened at $36.85 on Wednesday. The firm’s fifty day moving average price is $45.04 and its 200 day moving average price is $46.91. Papa Johns International has a 12 month low of $36.25 and a 12 month high of $78.67. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZAGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter last year, the company posted $0.53 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Papa Johns International will post 2.21 earnings per share for the current year.

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.99%. The ex-dividend date was Monday, November 18th. Papa Johns International’s payout ratio is 64.11%.

Institutional Trading of Papa Johns International

Several hedge funds have recently modified their holdings of the business. Moody National Bank Trust Division raised its position in Papa Johns International by 142.3% in the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company’s stock worth $930,000 after acquiring an additional 13,297 shares in the last quarter. Atlas Brown Inc. increased its holdings in shares of Papa Johns International by 5.5% in the 4th quarter. Atlas Brown Inc. now owns 10,453 shares of the company’s stock valued at $429,000 after purchasing an additional 546 shares in the last quarter. Irth Capital Management LP acquired a new stake in shares of Papa Johns International in the fourth quarter valued at about $66,883,000. Optimist Retirement Group LLC purchased a new stake in Papa Johns International during the third quarter worth about $286,000. Finally, Sanctuary Advisors LLC grew its position in Papa Johns International by 4.9% during the third quarter. Sanctuary Advisors LLC now owns 29,673 shares of the company’s stock worth $1,481,000 after buying an additional 1,389 shares during the period.

About Papa Johns International

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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.

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Analyst Recommendations for Papa Johns International (NASDAQ:PZZA)

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