Shares of Papa John’s International, Inc. (NASDAQ:PZZA – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $23.14 and last traded at $23.14, with a volume of 1084963 shares. The stock had previously closed at $24.26.
Analyst Upgrades and Downgrades
PZZA has been the subject of a number of research analyst reports. Zacks Research cut Papa John’s International from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Benchmark cut Papa John’s International from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Stephens reissued an “equal weight” rating and issued a $24.00 price objective (down from $38.00) on shares of Papa John’s International in a research note on Friday, August 7th. Weiss Ratings lowered Papa John’s International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 7th. Finally, Mizuho lowered their target price on shares of Papa John’s International from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $32.00.
Read Our Latest Analysis on Papa John’s International
Papa John’s International Trading Down 4.1%
Papa John’s International (NASDAQ:PZZA – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $482.40 million for the quarter, compared to analyst estimates of $481.25 million. Papa John’s International had a negative return on equity of 10.98% and a net margin of 1.34%.The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, equities analysts predict that Papa John’s International, Inc. will post 1.25 EPS for the current fiscal year.
Institutional Trading of Papa John’s International
Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in Papa John’s International during the second quarter worth $83,186,000. Bluefin Capital Management LLC acquired a new stake in shares of Papa John’s International in the second quarter valued at $368,000. Freestone Grove Partners LP acquired a new stake in shares of Papa John’s International in the second quarter valued at $394,000. Man Group plc purchased a new stake in shares of Papa John’s International in the 2nd quarter valued at $3,333,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Papa John’s International in the 2nd quarter valued at $574,000.
About Papa John’s International
Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.
The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.
Read More
- Five stocks we like better than Papa John’s International
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Papa John's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International and related companies with MarketBeat.com's FREE daily email newsletter.
