Loop Capital Lowers Papa Johns International (NASDAQ:PZZA) Price Target to $60.00

Papa Johns International (NASDAQ:PZZA) had its price target decreased by stock analysts at Loop Capital from $73.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 66.65% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. UBS Group lowered their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America upped 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 report on Tuesday, October 22nd. Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Monday, January 13th. Finally, Jefferies Financial Group dropped their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.83.

Papa Johns International Trading Down 0.0 %

PZZA stock traded down $0.01 during midday trading on Tuesday, hitting $36.00. The company’s stock had a trading volume of 144,378 shares, compared to its average volume of 1,562,432. The company has a market cap of $1.18 billion, a PE ratio of 12.52, a P/E/G ratio of 1.68 and a beta of 1.19. The firm’s 50-day moving average is $43.93 and its 200-day moving average is $46.73. Papa Johns International has a 12 month low of $35.28 and a 12 month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate 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 company had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. During the same period last year, the firm posted $0.53 earnings per share. Papa Johns International’s revenue was down 3.1% compared to the same quarter last year. Analysts expect that Papa Johns International will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Papa Johns International

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Papa Johns International by 18.1% during the second quarter. American Century Companies Inc. now owns 5,386 shares of the company’s stock worth $253,000 after purchasing an additional 827 shares in the last quarter. Hsbc Holdings PLC increased its stake in Papa Johns International by 115.0% during the 2nd quarter. Hsbc Holdings PLC now owns 85,440 shares of the company’s stock worth $3,988,000 after buying an additional 45,707 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Papa Johns International by 8.1% during the second quarter. Public Sector Pension Investment Board now owns 72,581 shares of the company’s stock valued at $3,410,000 after acquiring an additional 5,436 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Papa Johns International in the second quarter worth approximately $245,000. Finally, Earnest Partners LLC boosted its stake in shares of Papa Johns International by 25.9% in the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after acquiring an additional 446,477 shares during the last quarter.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.