Papa Johns International, Inc. (NASDAQ:PZZA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Papa Johns International, Inc. (NASDAQ:PZZA) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $59.00.

A number of research firms have issued reports on PZZA. BMO Capital Markets decreased their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. UBS Group decreased their target price on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, August 8th. Piper Sandler cut their price target on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, KeyCorp lowered their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th.

Papa Johns International Stock Up 2.0 %

Shares of Papa Johns International stock opened at $57.27 on Wednesday. Papa Johns International has a 12-month low of $39.90 and a 12-month high of $78.67. The stock has a 50 day moving average price of $51.00 and a two-hundred day moving average price of $49.23. The stock has a market capitalization of $1.87 billion, a P/E ratio of 27.53, a PEG ratio of 3.50 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. During the same period in the previous year, the company earned $0.59 earnings per share. Papa Johns International’s revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Papa Johns International will post 2.27 earnings per share for the current year.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.21%. Papa Johns International’s dividend payout ratio is currently 88.46%.

Hedge Funds Weigh In On Papa Johns International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Entropy Technologies LP acquired a new position in Papa Johns International during the third quarter worth $419,000. Atria Investments Inc increased its position in shares of Papa Johns International by 19.0% during the 3rd quarter. Atria Investments Inc now owns 7,096 shares of the company’s stock worth $382,000 after purchasing an additional 1,135 shares in the last quarter. River Road Asset Management LLC lifted its holdings in Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after purchasing an additional 1,070,485 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Papa Johns International in the third quarter valued at about $773,000. Finally, Stephens Investment Management Group LLC grew its stake in Papa Johns International by 19.3% during the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after buying an additional 176,470 shares during the last quarter.

Papa Johns 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.