Papa John’s Int’l (PZZA) Downgraded to Hold at BidaskClub

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BidaskClub lowered shares of Papa John’s Int’l (NASDAQ:PZZA) from a buy rating to a hold rating in a research report report published on Tuesday, BidAskClub reports.

Several other equities research analysts also recently weighed in on PZZA. Stifel Nicolaus cut their target price on shares of Papa John’s Int’l from $38.00 to $6.00 and set a hold rating on the stock in a research note on Friday, February 1st. Citigroup cut their target price on shares of Papa John’s Int’l from $64.00 to $55.00 and set a buy rating on the stock in a research note on Friday, March 8th. ValuEngine raised shares of Papa John’s Int’l from a hold rating to a buy rating in a research note on Tuesday, May 7th. Finally, Stephens upped their target price on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the stock an overweight rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $56.80.

Shares of PZZA opened at $46.78 on Tuesday. Papa John’s Int’l has a fifty-two week low of $38.05 and a fifty-two week high of $60.56. The company has a market cap of $1.49 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 3.45 and a beta of 0.51.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The firm had revenue of $398.41 million for the quarter, compared to the consensus estimate of $384.67 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, analysts predict that Papa John’s Int’l will post 1.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 10th. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 67.16%.

In other news, Director Anthony Michael Sanfilippo purchased 2,000 shares of the stock in a transaction on Monday, May 20th. The stock was bought at an average price of $47.09 per share, for a total transaction of $94,180.00. Following the acquisition, the director now directly owns 3,654 shares of the company’s stock, valued at approximately $172,066.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John H. Schnatter sold 3,451,413 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $45.63, for a total transaction of $157,487,975.19. Following the transaction, the insider now owns 5,509,583 shares of the company’s stock, valued at approximately $251,402,272.29. The disclosure for this sale can be found here. Insiders have sold a total of 3,765,557 shares of company stock valued at $173,644,058 in the last quarter. 43.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its holdings in shares of Papa John’s Int’l by 3.1% in the 3rd quarter. Teachers Advisors LLC now owns 46,200 shares of the company’s stock valued at $2,369,000 after buying an additional 1,384 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Papa John’s Int’l in the 4th quarter valued at $412,000. Deprince Race & Zollo Inc. acquired a new position in shares of Papa John’s Int’l in the 4th quarter valued at $25,698,000. KBC Group NV boosted its holdings in shares of Papa John’s Int’l by 2.6% in the 4th quarter. KBC Group NV now owns 47,156 shares of the company’s stock valued at $1,877,000 after buying an additional 1,183 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Papa John’s Int’l by 49.1% in the 4th quarter. Rhumbline Advisers now owns 80,827 shares of the company’s stock valued at $3,218,000 after buying an additional 26,623 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Papa John’s Int’l Company Profile

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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Further Reading: Calculating net profit and net profit margin ratio

Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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