Papa Johns International (NASDAQ:PZZA) Price Target Lowered to $60.00 at Loop Capital

Papa Johns International (NASDAQ:PZZA) had its price objective decreased by Loop Capital from $73.00 to $60.00 in a report issued on Tuesday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Wednesday, January 15th. Bank of America increased their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. UBS Group decreased their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group decreased their target price on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Papa Johns International has an average rating of “Hold” and a consensus target price of $55.83.

Papa Johns International Trading Up 3.6 %

Shares of Papa Johns International stock opened at $37.29 on Tuesday. The business’s 50-day moving average price is $43.66 and its 200-day moving average price is $46.69. The firm has a market capitalization of $1.22 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. Papa Johns International has a 12 month low of $35.28 and a 12 month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $497.28 million. During the same period last year, the business earned $0.53 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, analysts predict that Papa Johns International will post 2.2 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.93%. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Irth Capital Management LP purchased a new stake in Papa Johns International in the fourth quarter worth $66,883,000. River Road Asset Management LLC boosted its holdings in shares of Papa Johns International by 88.1% during the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after buying an additional 1,070,485 shares in the last quarter. Earnest Partners LLC grew its position in shares of Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after buying an additional 446,477 shares during the period. Wellington Management Group LLP bought a new position in shares of Papa Johns International in the 3rd quarter worth about $15,845,000. Finally, Deprince Race & Zollo Inc. lifted its position in Papa Johns International by 55.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 516,046 shares of the company’s stock valued at $24,244,000 after acquiring an additional 185,036 shares during the period.

Papa Johns International Company Profile

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.