Papa John’s International, Inc. (NASDAQ:PZZA – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $20.01 and traded as high as $20.94. Papa John’s International shares last traded at $20.75, with a volume of 1,414,995 shares trading hands.
Analyst Ratings Changes
PZZA has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Papa John’s International from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Bank of America lowered shares of Papa John’s International from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $42.00 to $34.00 in a research note on Monday, July 13th. Mizuho cut their price target on shares of Papa John’s International from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Piper Sandler reduced their target price on Papa John’s International from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, UBS Group decreased their price target 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, November 2nd. Seven 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 has a consensus rating of “Reduce” and an average target price of $28.57.
View Our Latest Stock Report on PZZA
Papa John’s International Stock Up 5.2%
The firm has a market capitalization of $683.09 million, a price-to-earnings ratio of 27.67, a PEG ratio of 2.81 and a beta of 1.17. The business’s 50-day simple moving average is $20.01 and its two-hundred day simple moving average is $29.54.
Papa John’s International (NASDAQ:PZZA – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Papa John’s International had a net margin of 1.34% and a negative return on equity of 10.98%. The business had revenue of $454.84 million for the quarter, compared to the consensus estimate of $459.48 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue was down 10.5% on a year-over-year basis. Sell-side analysts anticipate that Papa John’s International, Inc. will post 1.08 earnings per share for the current year.
Institutional Trading of Papa John’s International
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Papa John’s International during the second quarter worth $182,315,000. Bank of America Corp DE acquired a new stake in shares of Papa John’s International in the second quarter valued at $83,186,000. Bank of New York Mellon Corp purchased a new stake in shares of Papa John’s International in the 2nd quarter valued at $13,942,000. Alberta Investment Management Corp purchased a new stake in shares of Papa John’s International in the 2nd quarter valued at $10,138,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Papa John’s International in the 2nd quarter valued at $8,393,000.
Papa John’s International Company Profile
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.
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