Stephens Reaffirms Overweight Rating for Papa Johns International (NASDAQ:PZZA)

Papa Johns International (NASDAQ:PZZA)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a report issued on Friday,Benzinga reports. They presently have a $60.00 price objective on the stock. Stephens’ price target points to a potential upside of 22.35% from the stock’s current price.

A number of other equities research analysts have also weighed in on PZZA. UBS Group reduced their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Loop Capital lowered their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a report on Wednesday, January 15th. Finally, Bank of America boosted their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.67.

Papa Johns International Stock Performance

Papa Johns International stock opened at $49.04 on Friday. The company has a 50 day moving average price of $40.69 and a 200-day moving average price of $46.45. Papa Johns International has a fifty-two week low of $35.28 and a fifty-two week high of $76.91. The company has a market capitalization of $1.60 billion, a PE ratio of 17.09, a P/E/G ratio of 1.94 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new stake in shares of Papa Johns International in the 2nd quarter valued at about $245,000. CWM LLC lifted its holdings in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after purchasing an additional 365 shares during the last quarter. Creative Planning lifted its holdings in Papa Johns International by 59.8% during the 3rd quarter. Creative Planning now owns 22,548 shares of the company’s stock valued at $1,215,000 after purchasing an additional 8,438 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Papa Johns International during the 3rd quarter worth $232,000. Finally, nVerses Capital LLC bought a new position in Papa Johns International during the 3rd quarter worth $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.