Papa John’s International (NASDAQ:PZZA) Given New $45.00 Price Target at Stifel Nicolaus

Papa John’s International (NASDAQ:PZZA) had its price target reduced by Stifel Nicolaus from $55.00 to $45.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

PZZA has been the topic of a number of other reports. Stephens reiterated an overweight rating and issued a $75.00 price target on shares of Papa John’s International in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Papa John’s International from $77.00 to $58.00 and set a hold rating for the company in a research note on Friday, May 10th. BTIG Research cut shares of Papa John’s International from a buy rating to a neutral rating in a research note on Friday, March 22nd. Loop Capital dropped their price objective on shares of Papa John’s International from $97.00 to $90.00 and set a buy rating for the company in a research note on Friday, May 10th. Finally, Benchmark dropped their price objective on shares of Papa John’s International from $87.00 to $75.00 and set a buy rating for the company in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Papa John’s International has an average rating of Moderate Buy and a consensus price target of $74.80.

Papa John’s International Stock Performance

Shares of NASDAQ PZZA opened at $46.98 on Wednesday. The company has a market cap of $1.55 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.68 and a beta of 1.11. The firm’s fifty day moving average is $51.85 and its two-hundred day moving average is $64.40. Papa John’s International has a 52-week low of $46.20 and a 52-week high of $86.38.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $513.90 million for the quarter, compared to the consensus estimate of $544.46 million. Papa John’s International had a net margin of 3.50% and a negative return on equity of 19.46%. Papa John’s International’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. As a group, analysts forecast that Papa John’s International will post 2.4 EPS for the current fiscal year.

Papa John’s International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a $0.46 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.84 annualized dividend and a yield of 3.92%. Papa John’s International’s dividend payout ratio (DPR) is 81.78%.

Insider Buying and Selling at Papa John’s International

In related news, CEO Ravi Thanawala acquired 1,900 shares of the stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $52.41 per share, with a total value of $99,579.00. Following the transaction, the chief executive officer now directly owns 38,920 shares in the company, valued at $2,039,797.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Papa John’s International

Large investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. boosted its position in Papa John’s International by 396.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the period. Cutler Group LLC CA bought a new stake in shares of Papa John’s International in the 4th quarter valued at about $32,000. Principal Securities Inc. bought a new stake in shares of Papa John’s International in the 4th quarter valued at about $41,000. Covestor Ltd raised its holdings in shares of Papa John’s International by 277.8% in the 3rd quarter. Covestor Ltd now owns 733 shares of the company’s stock valued at $50,000 after purchasing an additional 539 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Papa John’s International by 23.5% in the 4th quarter. CWM LLC now owns 819 shares of the company’s stock valued at $62,000 after purchasing an additional 156 shares in the last quarter.

Papa John’s International 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.