Jefferies Financial Group Lowers Papa Johns International (NASDAQ:PZZA) Price Target to $42.00

Papa Johns International (NASDAQ:PZZA) had its price objective reduced by Jefferies Financial Group from $55.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 14.72% from the company’s previous close.

Several other brokerages have also commented on PZZA. Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a report on Monday. UBS Group reduced their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Wednesday. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, Bank of America raised their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.33.

Papa Johns International Stock Down 0.6 %

Papa Johns International stock opened at $36.61 on Wednesday. The stock has a 50-day moving average price of $44.66 and a 200 day moving average price of $46.84. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. Papa Johns International has a 52 week low of $35.50 and a 52 week high of $78.67.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. Research analysts anticipate that Papa Johns International will post 2.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in Papa Johns International in the third quarter valued at approximately $42,000. US Bancorp DE lifted its stake in Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares in the last quarter. CWM LLC boosted its position in shares of Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after buying an additional 365 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Papa Johns International in the third quarter valued at $156,000.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.