Papa John’s International (NASDAQ:PZZA) Sets New 1-Year Low at $46.51

Papa John’s International, Inc. (NASDAQ:PZZAGet Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $46.51 and last traded at $46.92, with a volume of 52611 shares. The stock had previously closed at $47.18.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PZZA. Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa John’s International from $77.00 to $58.00 and set a “hold” rating on the stock in a report on Friday, May 10th. Benchmark cut their price target on shares of Papa John’s International from $87.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, May 10th. BMO Capital Markets cut their price target on shares of Papa John’s International from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Loop Capital lowered their price objective on shares of Papa John’s International from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Stifel Nicolaus upgraded shares of Papa John’s International from a “sell” rating to a “hold” rating and lowered their price objective for the company from $65.00 to $60.00 in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Papa John’s International presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.36.

Check Out Our Latest Report on PZZA

Papa John’s International Trading Down 1.0 %

The firm has a market capitalization of $1.54 billion, a PE ratio of 20.97, a PEG ratio of 1.70 and a beta of 1.16. The business’s 50 day simple moving average is $59.80 and its 200 day simple moving average is $67.66.

Papa John’s International (NASDAQ:PZZAGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Papa John’s International had a net margin of 3.50% and a negative return on equity of 19.46%. The business had revenue of $513.90 million during the quarter, compared to analysts’ expectations of $544.46 million. During the same period last year, the company posted $0.68 EPS. The business’s revenue was down 2.5% on a year-over-year basis. Analysts forecast that Papa John’s International, Inc. will post 2.43 earnings per share for the current year.

Papa John’s International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.84 annualized dividend and a dividend yield of 3.94%. Papa John’s International’s dividend payout ratio (DPR) is presently 81.78%.

Insider Transactions at Papa John’s International

In other news, CEO Ravi Thanawala bought 1,900 shares of the stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $52.41 per share, for a total transaction of $99,579.00. Following the acquisition, the chief executive officer now owns 38,920 shares of the company’s stock, valued at $2,039,797.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Laurette T. Koellner sold 2,886 shares of Papa John’s International stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $70.21, for a total transaction of $202,626.06. Following the completion of the sale, the director now owns 18,804 shares in the company, valued at approximately $1,320,228.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ravi Thanawala acquired 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $52.41 per share, with a total value of $99,579.00. Following the acquisition, the chief executive officer now directly owns 38,920 shares in the company, valued at $2,039,797.20. The disclosure for this purchase can be found here. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Papa John’s International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in Papa John’s International by 23.5% during the 4th quarter. CWM LLC now owns 819 shares of the company’s stock valued at $62,000 after buying an additional 156 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Papa John’s International by 5.6% in the 1st quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock valued at $304,000 after purchasing an additional 240 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Papa John’s International by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock valued at $265,000 after purchasing an additional 250 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Papa John’s International by 6.9% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 3,994 shares of the company’s stock valued at $272,000 after purchasing an additional 258 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Papa John’s International by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,501 shares of the company’s stock valued at $191,000 after purchasing an additional 323 shares in the last quarter.

Papa John’s International Company Profile

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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.

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