Papa John’s Int’l (NASDAQ:PZZA) Research Coverage Started at CL King

CL King initiated coverage on shares of Papa John’s Int’l (NASDAQ:PZZA) in a research note released on Wednesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $65.00 price objective on the stock.

Other research analysts also recently issued reports about the stock. Stephens restated an overweight rating and set a $60.00 target price on shares of Papa John’s Int’l in a research report on Tuesday, August 27th. BidaskClub upgraded shares of Papa John’s Int’l from a hold rating to a buy rating in a research report on Thursday, September 12th. Northcoast Research assumed coverage on shares of Papa John’s Int’l in a research report on Wednesday, September 4th. They set a buy rating and a $70.00 target price on the stock. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a hold rating to a buy rating and upped their target price for the company from $42.00 to $60.00 in a research report on Wednesday, August 28th. Finally, BTIG Research upgraded shares of Papa John’s Int’l from a neutral rating to a buy rating and set a $54.00 target price on the stock in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $59.75.

NASDAQ PZZA traded up $0.85 on Wednesday, hitting $57.91. 759,100 shares of the company were exchanged, compared to its average volume of 978,171. The firm has a 50 day moving average of $52.42 and a two-hundred day moving average of $48.82. The company has a market cap of $1.83 billion, a P/E ratio of 43.22, a P/E/G ratio of 5.75 and a beta of 0.42. Papa John’s Int’l has a 1-year low of $38.29 and a 1-year high of $60.56.

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

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $42.80, for a total transaction of $4,280,000.00. Following the transaction, the insider now directly owns 5,409,583 shares in the company, valued at approximately $231,530,152.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder John H. Schnatter sold 475,861 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $43.22, for a total value of $20,566,712.42. Following the completion of the sale, the insider now directly owns 4,785,682 shares of the company’s stock, valued at $206,837,176.04. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in PZZA. Balyasny Asset Management LLC increased its stake in shares of Papa John’s Int’l by 1,073.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 679,625 shares of the company’s stock valued at $30,393,000 after acquiring an additional 621,693 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Papa John’s Int’l by 311.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 209,160 shares of the company’s stock valued at $9,354,000 after acquiring an additional 158,278 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Papa John’s Int’l by 36.3% in the 2nd quarter. Renaissance Technologies LLC now owns 561,300 shares of the company’s stock valued at $25,101,000 after acquiring an additional 149,400 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Papa John’s Int’l in the 2nd quarter valued at about $3,753,000. Finally, Vanguard Group Inc. increased its stake in shares of Papa John’s Int’l by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,025,295 shares of the company’s stock valued at $90,571,000 after acquiring an additional 75,349 shares during the last quarter. 92.18% of the stock is owned by institutional investors.

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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