Papa Johns International (NASDAQ:PZZA) Rating Lowered to “Sector Weight” at KeyCorp

Papa Johns International (NASDAQ:PZZA) was downgraded by investment analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. KeyCorp also issued estimates for Papa Johns International’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.38 EPS.

Other research analysts have also issued reports about the stock. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, November 8th. BMO Capital Markets dropped their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. UBS Group boosted their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Piper Sandler dropped 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 report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Papa Johns International presently has an average rating of “Hold” and an average price target of $60.82.

Papa Johns International Stock Down 3.7 %

Papa Johns International stock opened at $47.32 on Thursday. The firm has a 50-day moving average price of $51.77 and a two-hundred day moving average price of $48.82. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.54 and a beta of 1.19. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. Research analysts expect that Papa Johns International will post 2.23 earnings per share for the current year.

Institutional Trading of Papa Johns International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Papa Johns International in the third quarter worth approximately $42,000. CWM LLC increased its position in shares of Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares in the last quarter. US Bancorp DE increased its position in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after acquiring an additional 922 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Papa Johns International in the third quarter worth approximately $156,000.

About Papa Johns International

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.