Papa John’s Int’l (NASDAQ:PZZA) Hits New 52-Week High at $63.48

Papa John’s Int’l, Inc. (NASDAQ:PZZA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $63.48 and last traded at $63.46, with a volume of 49260 shares. The stock had previously closed at $62.62.

A number of analysts have recently issued reports on the stock. Credit Suisse Group raised their price target on shares of Papa John’s Int’l to $66.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group downgraded shares of Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a report on Monday, November 4th. They noted that the move was a valuation call. ValuEngine upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Papa John’s Int’l in a report on Tuesday, August 27th. Finally, Oppenheimer assumed coverage on shares of Papa John’s Int’l in a report on Tuesday, September 17th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $61.56.

The stock’s fifty day moving average price is $56.17 and its 200-day moving average price is $49.85. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 44.55, a P/E/G ratio of 6.25 and a beta of 0.41.

Papa John’s Int’l (NASDAQ:PZZA) last posted its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Papa John’s Int’l had a negative net margin of 0.43% and a negative return on equity of 12.34%. The company had revenue of $403.71 million during the quarter, compared to analyst estimates of $384.54 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts anticipate that Papa John’s Int’l, Inc. will post 1.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.90 annualized dividend and a yield of 1.51%. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 67.16%.

In related news, insider Caroline Miller Oyler sold 4,775 shares of Papa John’s Int’l stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $62.00, for a total value of $296,050.00. Following the completion of the sale, the insider now owns 34,198 shares in the company, valued at approximately $2,120,276. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jack H. Swaysland sold 1,623 shares of Papa John’s Int’l stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $62.98, for a total transaction of $102,216.54. Following the completion of the sale, the chief operating officer now owns 17,468 shares of the company’s stock, valued at approximately $1,100,134.64. The disclosure for this sale can be found here. Insiders sold a total of 2,582,259 shares of company stock valued at $138,542,979 in the last quarter. 43.00% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC acquired a new stake in Papa John’s Int’l in the 2nd quarter valued at approximately $34,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Papa John’s Int’l in the third quarter worth $64,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Papa John’s Int’l in the third quarter worth $67,000. Advisor Group Inc. grew its stake in shares of Papa John’s Int’l by 45.0% in the second quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock worth $68,000 after acquiring an additional 475 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Papa John’s Int’l in the third quarter worth $71,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Papa John’s Int’l Company Profile (NASDAQ:PZZA)

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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