Papa Johns International (NASDAQ:PZZA) Lowered to “Sector Weight” Rating by KeyCorp

KeyCorp downgraded shares of Papa Johns International (NASDAQ:PZZA) from an overweight rating to a sector weight rating in a report issued on Thursday morning, Marketbeat.com reports. KeyCorp also issued estimates for Papa Johns International’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.38 EPS.

A number of other research analysts have also recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday, November 8th. Bank of America increased their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets dropped their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Stock Performance

Papa Johns International stock traded down $1.40 during trading hours on Thursday, hitting $47.74. 266,885 shares of the stock were exchanged, compared to its average volume of 999,441. The stock has a market capitalization of $1.56 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.54 and a beta of 1.19. The business’s 50-day moving average is $51.76 and its two-hundred day moving average is $48.93. Papa Johns International has a 12 month low of $39.90 and a 12 month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same period in the prior year, the company earned $0.53 EPS. Papa Johns International’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts predict that Papa Johns International will post 2.23 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.85%. The ex-dividend date is Monday, November 18th. Papa Johns International’s payout ratio is 64.11%.

Institutional Trading of Papa Johns International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC bought a new stake in Papa Johns International in the third quarter valued at approximately $7,870,000. HighTower Advisors LLC increased its position in shares of Papa Johns International by 97.0% in the 3rd quarter. HighTower Advisors LLC now owns 14,479 shares of the company’s stock valued at $780,000 after buying an additional 7,128 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Papa Johns International in the 3rd quarter valued at $926,000. Edgestream Partners L.P. acquired a new stake in Papa Johns International during the 3rd quarter worth $1,467,000. Finally, Verition Fund Management LLC bought a new position in Papa Johns International during the third quarter worth about $7,207,000.

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.