MKM Partners Begins Coverage on Papa John’s Int’l (NASDAQ:PZZA)

MKM Partners started coverage on shares of Papa John’s Int’l (NASDAQ:PZZA) in a research note released on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $55.00 price target on the stock.

PZZA has been the subject of a number of other research reports. Credit Suisse Group initiated coverage on shares of Papa John’s Int’l in a report on Tuesday, June 25th. They set a neutral rating and a $45.00 price objective for the company. Stephens boosted their price objective on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, May 8th. ValuEngine cut shares of Papa John’s Int’l from a buy rating to a hold rating in a report on Thursday, August 1st. Citigroup boosted their price objective on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the company a buy rating in a report on Wednesday, May 15th. Finally, BidaskClub upgraded shares of Papa John’s Int’l from a sell rating to a hold rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $54.00.

Shares of NASDAQ PZZA opened at $42.64 on Tuesday. The stock has a market cap of $1.44 billion, a P/E ratio of 31.82, a P/E/G ratio of 3.21 and a beta of 0.43. The firm has a 50 day moving average price of $45.28 and a 200 day moving average price of $47.08. Papa John’s Int’l has a 52-week low of $38.29 and a 52-week high of $60.56.



Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.06. The firm had revenue of $399.62 million during the quarter, compared to analysts’ expectations of $394.39 million. Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. On average, analysts forecast that Papa John’s Int’l will post 1.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, August 9th. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 67.16%.

In other news, major shareholder John H. Schnatter sold 3,451,413 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $45.63, for a total value of $157,487,975.19. Following the completion of the transaction, the insider now owns 5,509,583 shares in the company, valued at $251,402,272.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony Michael Sanfilippo purchased 2,000 shares of Papa John’s Int’l stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $47.09 per share, with a total value of $94,180.00. Following the acquisition, the director now directly owns 3,654 shares of the company’s stock, valued at $172,066.86. The disclosure for this purchase can be found here. 43.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Jackson Square Partners LLC bought a new stake in shares of Papa John’s Int’l in the first quarter worth $121,272,000. Vanguard Group Inc. lifted its position in shares of Papa John’s Int’l by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,025,295 shares of the company’s stock worth $90,571,000 after purchasing an additional 75,349 shares in the last quarter. FIL Ltd lifted its position in shares of Papa John’s Int’l by 267.1% in the first quarter. FIL Ltd now owns 1,270,298 shares of the company’s stock worth $67,262,000 after purchasing an additional 924,298 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Papa John’s Int’l by 6.6% in the first quarter. Deprince Race & Zollo Inc. now owns 688,073 shares of the company’s stock worth $36,433,000 after purchasing an additional 42,546 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Papa John’s Int’l by 1,073.1% in the second quarter. Balyasny Asset Management LLC now owns 679,625 shares of the company’s stock worth $30,393,000 after purchasing an additional 621,693 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

About Papa John’s Int’l

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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