Papa Johns International, Inc. (NASDAQ:PZZA) Receives $55.25 Consensus Target Price from Analysts

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.25.

Several research firms have recently weighed in on PZZA. Northcoast Research upgraded shares of Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. UBS Group dropped their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, February 27th. Finally, Jefferies Financial Group cut their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th.

Papa Johns International Stock Down 11.4 %

Shares of PZZA stock opened at $36.33 on Friday. The stock has a 50-day simple moving average of $43.83 and a 200 day simple moving average of $46.10. The stock has a market capitalization of $1.19 billion, a P/E ratio of 12.66, a P/E/G ratio of 2.41 and a beta of 1.25. Papa Johns International has a fifty-two week low of $35.28 and a fifty-two week high of $64.67.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.46 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.84 dividend on an annualized basis and a yield of 5.06%. Papa Johns International’s dividend payout ratio (DPR) is currently 73.02%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Irth Capital Management LP bought a new stake in Papa Johns International in the fourth quarter worth approximately $66,883,000. Moody National Bank Trust Division increased its position in Papa Johns International by 142.3% during the fourth quarter. Moody National Bank Trust Division now owns 22,644 shares of the company’s stock worth $930,000 after buying an additional 13,297 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Papa Johns International during the fourth quarter valued at about $559,000. Raymond James Financial Inc. acquired a new stake in shares of Papa Johns International in the fourth quarter worth about $5,647,000. Finally, Sei Investments Co. lifted its position in shares of Papa Johns International by 7.3% in the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company’s stock worth $61,635,000 after buying an additional 102,128 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.