Papa John’s Int’l (NASDAQ:PZZA) Earns Outperform Rating from Analysts at Wedbush

Wedbush assumed coverage on shares of Papa John’s Int’l (NASDAQ:PZZA) in a research report sent to investors on Tuesday morning, AnalystRatings.com reports. The brokerage issued an outperform rating and a $95.00 target price on the stock. Wedbush also issued estimates for Papa John’s Int’l’s Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.46 EPS, FY2020 earnings at $1.37 EPS, Q1 2021 earnings at $0.65 EPS, Q2 2021 earnings at $0.42 EPS, Q3 2021 earnings at $0.50 EPS, Q4 2021 earnings at $0.57 EPS, FY2021 earnings at $2.14 EPS, Q1 2022 earnings at $0.77 EPS, Q2 2022 earnings at $0.52 EPS and FY2022 earnings at $2.52 EPS.

PZZA has been the subject of several other reports. Credit Suisse Group raised their target price on Papa John’s Int’l from $84.00 to $90.00 and gave the company an outperform rating in a research report on Monday, June 1st. Oppenheimer reiterated a hold rating on shares of Papa John’s Int’l in a research note on Thursday, May 7th. UBS Group increased their price target on Papa John’s Int’l from $67.00 to $78.00 and gave the stock a neutral rating in a research note on Thursday, May 7th. Deutsche Bank increased their price target on Papa John’s Int’l from $59.00 to $67.00 and gave the stock a hold rating in a research note on Wednesday, May 6th. Finally, BidaskClub downgraded Papa John’s Int’l from a buy rating to a hold rating in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $81.07.

Shares of Papa John’s Int’l stock opened at $83.66 on Tuesday. Papa John’s Int’l has a 1 year low of $28.55 and a 1 year high of $85.00. The firm has a market cap of $2.69 billion, a PE ratio of 4,183.00, a P/E/G ratio of 8.23 and a beta of 0.95. The stock has a fifty day moving average price of $79.75 and a 200-day moving average price of $66.99.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.25). Papa John’s Int’l had a net margin of 0.92% and a negative return on equity of 14.40%. The business had revenue of $409.86 million for the quarter, compared to analysts’ expectations of $413.61 million. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Papa John’s Int’l will post 1.26 EPS for the current fiscal year.

In other Papa John’s Int’l news, COO Jack H. Swaysland sold 1,420 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $82.07, for a total value of $116,539.40. Following the sale, the chief operating officer now owns 20,030 shares of the company’s stock, valued at approximately $1,643,862.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 17.58% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its holdings in shares of Papa John’s Int’l by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 3,557,867 shares of the company’s stock valued at $189,883,000 after acquiring an additional 134,291 shares in the last quarter. Jackson Square Partners LLC raised its holdings in shares of Papa John’s Int’l by 7.0% during the 4th quarter. Jackson Square Partners LLC now owns 2,587,767 shares of the company’s stock valued at $163,417,000 after buying an additional 169,793 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Papa John’s Int’l by 70.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 838,896 shares of the company’s stock valued at $52,976,000 after buying an additional 347,476 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Papa John’s Int’l by 47.3% during the 1st quarter. Bank of New York Mellon Corp now owns 506,510 shares of the company’s stock valued at $27,031,000 after buying an additional 162,723 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Papa John’s Int’l by 65.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 492,841 shares of the company’s stock valued at $31,123,000 after buying an additional 194,116 shares in the last quarter.

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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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

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