Papa John’s International (NASDAQ:PZZA) Given Equal Weight Rating at Stephens

Stephens restated their equal weight rating on shares of Papa John’s International (NASDAQ:PZZA – Free Report) in a report published on Thursday morning,Benzinga reports. Stephens currently has a $19.00 target price on the stock.

Other research analysts have also issued reports about the company. Mizuho dropped their price objective on Papa John’s International from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Piper Sandler reduced their target price on shares of Papa John’s International from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. UBS Group reduced their target price on shares of Papa John’s International from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday. Wall Street Zen raised shares of Papa John’s International from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Benchmark cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $28.57.

Get Our Latest Report on PZZA

Papa John’s International Trading Down 0.5%

PZZA stock opened at $19.89 on Thursday. Papa John’s International has a 1-year low of $17.69 and a 1-year high of $48.83. The firm has a market cap of $654.78 million, a P/E ratio of 13.88, a P/E/G ratio of 2.81 and a beta of 1.17. The business’s 50 day moving average is $20.14 and its 200-day moving average is $29.72.

Papa John’s International (NASDAQ:PZZA – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $454.84 million during the quarter, compared to the consensus estimate of $459.48 million. Papa John’s International had a negative return on equity of 10.98% and a net margin of 1.34%. Papa John’s International’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS. Sell-side analysts forecast that Papa John’s International will post 1.12 EPS for the current year.

Hedge Funds Weigh In On Papa John’s International

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Papa John’s International during the 2nd quarter worth about $29,000. Persistent Asset Partners Ltd acquired a new stake in Papa John’s International in the 2nd quarter valued at about $33,000. Versant Capital Management Inc raised its stake in shares of Papa John’s International by 656.7% in the third quarter. Versant Capital Management Inc now owns 2,081 shares of the company’s stock worth $41,000 after acquiring an additional 1,806 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Papa John’s International by 42.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,230 shares of the company’s stock worth $72,000 after acquiring an additional 670 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Papa John’s International during the third quarter worth approximately $73,000.

Papa John’s International News Summary

Here are the key news stories impacting Papa John’s International this week:

About Papa John’s International

(Get Free Report)

Papa John’s International, Inc operates and franchises restaurants under the Papa Johns brand. The company specializes in pizza and related food products, serving customers primarily through delivery, carryout and dine-in locations, as well as online and mobile ordering platforms.

Its menu includes a variety of pizzas with different crusts and toppings, along with sides such as breadsticks, chicken products and desserts. Papa Johns also offers soft drinks, dipping sauces and other complementary items, with menus and promotions adapted to local markets.

Founded in 1984 by John Schnatter, Papa Johns has grown into an international restaurant system with locations across North America and various markets in Europe, the Middle East, Latin America and other regions.

Further Reading

Analyst Recommendations for Papa John's International (NASDAQ:PZZA)

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.