UBS Group Raises Papa Johns International (NASDAQ:PZZA) Price Target to $56.00

Papa Johns International (NASDAQ:PZZA) had its price objective upped by analysts at UBS Group from $47.00 to $56.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 1.65% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a report on Friday. KeyCorp reduced their target price on 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. Deutsche Bank Aktiengesellschaft dropped their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Finally, Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Thursday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.82.

Papa Johns International Trading Down 0.8 %

Shares of PZZA opened at $55.09 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 19.20, a P/E/G ratio of 3.66 and a beta of 1.19. Papa Johns International has a 12 month low of $39.90 and a 12 month high of $78.67. The stock has a fifty day moving average price of $51.52 and a 200-day moving average price of $49.17.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. As a group, research analysts forecast that Papa Johns International will post 2.29 EPS for the current year.

Hedge Funds Weigh In On Papa Johns International

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after buying an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Papa Johns International in the third quarter valued at $42,000. CWM LLC raised its position in shares of Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares during the period. US Bancorp DE boosted its stake in shares of Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after acquiring an additional 922 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Papa Johns International during the 3rd quarter worth about $156,000.

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.