Loop Capital Cuts Papa Johns International (NASDAQ:PZZA) Price Target to $60.00

Papa Johns International (NASDAQ:PZZA) had its price target reduced by Loop Capital from $73.00 to $60.00 in a research note published on Tuesday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group lowered their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Bank of America raised their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. UBS Group cut their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a report on Wednesday, January 15th. Finally, Stephens restated an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research note on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.83.

Papa Johns International Stock Up 5.5 %

Papa Johns International stock opened at $39.88 on Tuesday. The firm has a market cap of $1.30 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.74 and a beta of 1.19. The business has a fifty day moving average of $43.40 and a two-hundred day moving average of $46.63. Papa Johns International has a twelve month low of $35.28 and a twelve month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $497.28 million. During the same period in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Papa Johns International will post 2.2 earnings per share for the current year.

Papa Johns International Dividend Announcement

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

Hedge Funds Weigh In On Papa Johns International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 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 raised its holdings in shares of Papa Johns International by 25.9% during the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after purchasing an additional 446,477 shares during the last quarter. Irth Capital Management LP purchased a new position in shares of Papa Johns International during the fourth quarter worth $66,883,000. Stephens Investment Management Group LLC lifted its position in Papa Johns International by 19.3% during the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after purchasing an additional 176,470 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Papa Johns International by 55.9% in the second quarter. Deprince Race & Zollo Inc. now owns 516,046 shares of the company’s stock valued at $24,244,000 after purchasing an additional 185,036 shares during the last quarter.

Papa Johns International Company Profile

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.