Papa John’s International, Inc. (NASDAQ:PZZA) Stock Has Consensus Target Price of $32.00 According to Brokerages

Papa John’s International, Inc. (NASDAQ:PZZA) has received an average recommendation of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.00.

PZZA has been the topic of several research reports. UBS Group reduced their price objective on Papa John’s International from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Piper Sandler dropped their price target on Papa John’s International from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded Papa John’s International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Benchmark downgraded Papa John’s International from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Zacks Research lowered shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th.

Institutional Investors Weigh In On Papa John’s International

Several hedge funds have recently modified their holdings of PZZA. Versant Capital Management Inc boosted its stake in shares of Papa John’s International by 656.7% during the third quarter. Versant Capital Management Inc now owns 2,081 shares of the company’s stock valued at $41,000 after purchasing an additional 1,806 shares in the last quarter. NewEdge Advisors LLC raised its stake in Papa John’s International by 5,505.0% in the second quarter. NewEdge Advisors LLC now owns 5,661 shares of the company’s stock worth $208,000 after buying an additional 5,560 shares in the last quarter. IFP Advisors Inc lifted its holdings in Papa John’s International by 63.4% during the second quarter. IFP Advisors Inc now owns 6,959 shares of the company’s stock worth $256,000 after buying an additional 2,700 shares during the period. Corient Private Wealth LP purchased a new stake in Papa John’s International during the second quarter worth $212,000. Finally, AXQ Capital LP bought a new stake in Papa John’s International during the 2nd quarter valued at $349,000.

Papa John’s International Price Performance

PZZA stock opened at $19.43 on Wednesday. Papa John’s International has a 12 month low of $19.31 and a 12 month high of $55.74. The firm’s 50-day moving average is $23.50 and its 200 day moving average is $30.43. The company has a market capitalization of $639.64 million, a PE ratio of 24.60, a P/E/G ratio of 2.13 and a beta of 1.13.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $482.40 million for the quarter, compared to the consensus estimate of $481.25 million. Papa John’s International had a net margin of 1.34% and a negative return on equity of 10.98%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Sell-side analysts forecast that Papa John’s International will post 1.16 EPS for the current fiscal year.

Papa John’s International Company Profile

Papa John’s International, Inc is a restaurant company that operates and franchises Papa Johns pizza restaurants. Its menu includes pizzas made with various crusts, toppings and specialty recipes, along with sides, desserts and beverages. Customers can order through delivery, carryout and digital ordering channels.

Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown into an international quick-service restaurant brand. Papa Johns serves customers across the United States and in international markets through a combination of company-operated restaurants and franchised locations.