Stifel Nicolaus Boosts Papa John’s Int’l (PZZA) Price Target to $48.00

Papa John’s Int’l (NASDAQ:PZZA) had its target price upped by investment analysts at Stifel Nicolaus from $38.00 to $48.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 9.28% from the company’s current price.

PZZA has been the topic of several other reports. BidaskClub upgraded Papa John’s Int’l from a “strong sell” rating to a “sell” rating in a report on Saturday, September 29th. ValuEngine upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Stephens reiterated a “buy” rating and issued a $60.00 price target on shares of Papa John’s Int’l in a report on Tuesday, August 7th. Longbow Research upgraded Papa John’s Int’l from a “neutral” rating to a “buy” rating in a report on Monday, August 13th. Finally, Jefferies Financial Group upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Papa John’s Int’l presently has an average rating of “Hold” and a consensus price target of $60.67.

Shares of NASDAQ PZZA traded up $0.49 during midday trading on Thursday, hitting $52.91. The company’s stock had a trading volume of 1,361,263 shares, compared to its average volume of 1,339,368. The company has a debt-to-equity ratio of -2.22, a quick ratio of 0.90 and a current ratio of 1.08. Papa John’s Int’l has a 12-month low of $38.05 and a 12-month high of $71.28. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.72 and a beta of 0.44.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). Papa John’s Int’l had a negative return on equity of 47.37% and a net margin of 4.54%. The business had revenue of $407.96 million during the quarter, compared to analysts’ expectations of $418.30 million. Sell-side analysts predict that Papa John’s Int’l will post 1.51 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PZZA. Point72 Asset Management L.P. increased its holdings in Papa John’s Int’l by 121.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 294,043 shares of the company’s stock worth $14,914,000 after purchasing an additional 161,302 shares during the period. Bank of Montreal Can increased its holdings in Papa John’s Int’l by 2,058.5% during the 2nd quarter. Bank of Montreal Can now owns 87,462 shares of the company’s stock worth $4,435,000 after purchasing an additional 83,410 shares during the period. Garnet Equity Capital Holdings Inc. purchased a new position in Papa John’s Int’l during the 3rd quarter worth $3,846,000. Canada Pension Plan Investment Board purchased a new position in Papa John’s Int’l during the 2nd quarter worth $3,408,000. Finally, Epoch Investment Partners Inc. increased its holdings in Papa John’s Int’l by 7.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 717,777 shares of the company’s stock worth $36,406,000 after purchasing an additional 47,448 shares during the period. Institutional investors own 82.64% of the company’s stock.

Papa John’s Int’l Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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