Papa Johns International (NASDAQ:PZZA) PT Raised to $71.00 at Bank of America

Papa Johns International (NASDAQ:PZZA) had its target price boosted by equities researchers at Bank of America from $66.00 to $71.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 37.68% from the company’s current price.

PZZA has been the topic of a number of other reports. Piper Sandler lowered their price target on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Wedbush restated an “outperform” rating and set a $51.00 target price on shares of Papa Johns International in a research report on Friday, August 23rd. BMO Capital Markets reduced their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, Stifel Nicolaus dropped their price objective on Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Papa Johns International presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Papa Johns International Stock Down 0.8 %

NASDAQ PZZA opened at $51.57 on Tuesday. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The firm has a 50-day moving average price of $49.81 and a 200 day moving average price of $49.90. The stock has a market capitalization of $1.68 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.36 and a beta of 1.20.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. During the same period last year, the firm earned $0.59 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Papa Johns International will post 2.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after buying an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the third quarter worth approximately $42,000. CWM LLC grew its stake in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares during the period. nVerses Capital LLC acquired a new position in Papa Johns International in the 3rd quarter valued at $156,000. Finally, Blue Trust Inc. lifted its stake in shares of Papa Johns International by 16.8% during the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock worth $170,000 after purchasing an additional 520 shares during the period.

Papa Johns International Company Profile

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.