Papa John’s International, Inc. (PZZA) Stock Rating Reaffirmed by Jefferies Group

Papa John’s International, Inc. (NASDAQ:PZZA)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a report issued on Monday. They presently have a $83.00 price target on the stock. Jefferies Group’s price target suggests a potential downside of 4.87% from the company’s current price.

PZZA has been the subject of a number of other research reports. Zacks Investment Research upgraded Papa John’s International from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Thursday, January 5th. BTIG Research reiterated a “buy” rating and set a $87.00 price objective on shares of Papa John’s International in a research report on Wednesday, October 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Papa John’s International presently has an average rating of “Buy” and an average target price of $83.40.

Shares of Papa John’s International (NASDAQ:PZZA) traded down 0.52% during trading on Monday, hitting $86.80. The stock had a trading volume of 100,506 shares. Papa John’s International has a 52 week low of $42.87 and a 52 week high of $90.49. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 34.96 and a beta of 0.25. The firm has a 50 day moving average price of $87.22 and a 200-day moving average price of $78.24.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company earned $422.40 million during the quarter, compared to analysts’ expectations of $418.10 million. Papa John’s International had a return on equity of 4,984.46% and a net margin of 5.62%. Papa John’s International’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, equities research analysts forecast that Papa John’s International will post $2.52 EPS for the current fiscal year.

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In other Papa John’s International news, CEO John H. Schnatter sold 81,552 shares of the business’s stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $78.60, for a total transaction of $6,409,987.20. Following the completion of the sale, the chief executive officer now owns 9,606,654 shares of the company’s stock, valued at $755,083,004.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John H. Schnatter sold 26,090 shares of the business’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $78.10, for a total value of $2,037,629.00. Following the sale, the chief executive officer now directly owns 9,649,435 shares of the company’s stock, valued at approximately $753,620,873.50. The disclosure for this sale can be found here. Company insiders own 28.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Papa John’s International by 9.7% in the third quarter. Ameriprise Financial Inc. now owns 291,849 shares of the company’s stock valued at $23,012,000 after buying an additional 25,885 shares in the last quarter. Prudential Financial Inc. raised its stake in Papa John’s International by 1.5% in the third quarter. Prudential Financial Inc. now owns 149,314 shares of the company’s stock valued at $11,774,000 after buying an additional 2,210 shares in the last quarter. KBC Group NV raised its stake in Papa John’s International by 4.5% in the third quarter. KBC Group NV now owns 45,991 shares of the company’s stock valued at $3,626,000 after buying an additional 1,972 shares in the last quarter. BlackRock Advisors LLC raised its stake in Papa John’s International by 52.6% in the third quarter. BlackRock Advisors LLC now owns 121,141 shares of the company’s stock valued at $9,552,000 after buying an additional 41,778 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Papa John’s International by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 1,022,678 shares of the company’s stock valued at $80,637,000 after buying an additional 12,045 shares in the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Papa John’s International Company Profile

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. The Company operates restaurants under the trademark Papa John’s. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.

5 Day Chart for NASDAQ:PZZA

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