Papa John’s Int’l (NASDAQ:PZZA) Price Target Cut to $58.00

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Papa John’s Int’l (NASDAQ:PZZA) had its price target decreased by Citigroup from $60.00 to $58.00 in a research report report published on Thursday, AnalystRatings.com reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. MKM Partners assumed coverage on Papa John’s Int’l in a research report on Tuesday, August 13th. They issued a buy rating and a $55.00 price target for the company. BidaskClub upgraded Papa John’s Int’l from a sell rating to a hold rating in a research report on Thursday, May 30th. ValuEngine cut Papa John’s Int’l from a buy rating to a hold rating in a research report on Thursday, August 1st. Credit Suisse Group assumed coverage on Papa John’s Int’l in a research report on Tuesday, June 25th. They issued a neutral rating and a $45.00 price target for the company. Finally, Stephens raised their price target on Papa John’s Int’l from $55.00 to $60.00 and gave the company an overweight rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $54.00.

Papa John’s Int’l stock opened at $42.79 on Thursday. Papa John’s Int’l has a one year low of $38.29 and a one year high of $60.56. The business has a fifty day moving average of $45.28 and a two-hundred day moving average of $47.05. The company has a market cap of $1.37 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 3.06 and a beta of 0.43.

Papa John’s Int’l (NASDAQ:PZZA) last released its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The company had revenue of $399.62 million during the quarter, compared to the consensus estimate of $394.39 million. During the same quarter last year, the company earned $0.48 earnings per share. Papa John’s Int’l’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Papa John’s Int’l will post 1.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, August 9th. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.

In other news, major shareholder John H. Schnatter sold 3,451,413 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $45.63, for a total value of $157,487,975.19. Following the completion of the transaction, the insider now owns 5,509,583 shares in the company, valued at $251,402,272.29. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 43.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in Papa John’s Int’l during the 1st quarter worth about $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Papa John’s Int’l during the 1st quarter worth about $32,000. Private Capital Group LLC purchased a new stake in Papa John’s Int’l during the 2nd quarter worth about $34,000. Advisor Group Inc. increased its position in Papa John’s Int’l by 45.0% during the 2nd quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock worth $68,000 after purchasing an additional 475 shares in the last quarter. Finally, Central Bank & Trust Co. purchased a new stake in Papa John’s Int’l during the 2nd quarter worth about $89,000. Institutional investors and hedge funds own 93.40% of the company’s stock.

About Papa John’s Int’l

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.

See Also: Compound Annual Growth Rate (CAGR)

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

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