Papa Johns International (NASDAQ:PZZA) Earns “Overweight” Rating from Stephens

Papa Johns International (NASDAQ:PZZA)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They presently have a $60.00 price target on the stock. Stephens’ target price would indicate a potential upside of 32.30% from the stock’s previous close.

PZZA has been the subject of a number of other reports. Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Wednesday, January 15th. Loop Capital reduced their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, UBS Group reduced their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Papa Johns International has a consensus rating of “Hold” and an average target price of $55.67.

Papa Johns International Trading Down 3.3 %

Shares of Papa Johns International stock opened at $45.35 on Thursday. The firm has a fifty day simple moving average of $41.40 and a 200-day simple moving average of $46.76. Papa Johns International has a 1-year low of $35.28 and a 1-year high of $76.91. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.41 and a beta of 1.19.

Hedge Funds Weigh In On Papa Johns International

A number of hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Papa Johns International by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,056 shares of the company’s stock valued at $2,549,000 after buying an additional 7,784 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Papa Johns International by 8.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,117,238 shares of the company’s stock worth $45,885,000 after purchasing an additional 85,236 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of Papa Johns International in the 4th quarter worth about $2,988,000. Two Sigma Investments LP grew its holdings in shares of Papa Johns International by 247.0% in the 4th quarter. Two Sigma Investments LP now owns 163,720 shares of the company’s stock worth $6,724,000 after purchasing an additional 116,538 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Papa Johns International in the 4th quarter worth about $87,000.

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.