Papa Johns International (NASDAQ:PZZA) Stock Price Up 4.8% – Time to Buy?

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) traded up 4.8% during trading on Tuesday . The stock traded as high as $51.99 and last traded at $51.91. 261,664 shares were traded during trading, a decline of 73% from the average session volume of 984,782 shares. The stock had previously closed at $49.54.

Analyst Upgrades and Downgrades

Several research firms recently commented on PZZA. KeyCorp reduced their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. UBS Group decreased their price objective on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. BMO Capital Markets dropped their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, August 8th. Finally, Wedbush restated an “outperform” rating and set a $51.00 price target on shares of Papa Johns International in a research note on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Papa Johns International currently has a consensus rating of “Moderate Buy” and an average target price of $58.82.

Papa Johns International Trading Up 2.3 %

The business has a fifty day simple moving average of $48.97 and a two-hundred day simple moving average of $50.32. The company has a market cap of $1.81 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.20.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $507.89 million during the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. Equities analysts expect that Papa Johns International, Inc. will post 2.27 EPS for the current year.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s dividend payout ratio (DPR) is presently 81.78%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Texas Yale Capital Corp. boosted its position in shares of Papa Johns International by 5.6% during the 1st quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock worth $304,000 after purchasing an additional 240 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Papa Johns International by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock valued at $265,000 after buying an additional 250 shares during the period. Inspire Investing LLC lifted its stake in Papa Johns International by 6.6% during the 1st quarter. Inspire Investing LLC now owns 5,366 shares of the company’s stock worth $357,000 after acquiring an additional 333 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Papa Johns International by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock valued at $1,877,000 after acquiring an additional 356 shares during the period. Finally, CWM LLC boosted its holdings in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after acquiring an additional 365 shares during the period.

About Papa Johns International

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.