Papa John’s International, Inc. (NASDAQ:PZZA) Receives Average Recommendation of “Hold” from Analysts

Shares of Papa John’s International, Inc. (NASDAQ:PZZAGet Free Report) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $83.89.

Several research firms recently weighed in on PZZA. KeyCorp upped their price objective on shares of Papa John’s International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Oppenheimer restated a “market perform” rating on shares of Papa John’s International in a research report on Friday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $87.00 price objective on shares of Papa John’s International in a research report on Friday, March 1st. Stifel Nicolaus reaffirmed a “sell” rating and issued a $65.00 target price on shares of Papa John’s International in a report on Thursday, January 4th. Finally, StockNews.com lowered shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

View Our Latest Report on Papa John’s International

Papa John’s International Stock Up 3.1 %

Shares of PZZA opened at $71.75 on Tuesday. The company’s fifty day moving average is $72.87 and its 200-day moving average is $70.89. Papa John’s International has a 12 month low of $60.66 and a 12 month high of $86.38. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16.

Papa John’s International (NASDAQ:PZZAGet Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. Papa John’s International had a negative return on equity of 19.46% and a net margin of 3.84%. The business had revenue of $571.32 million for the quarter, compared to analyst estimates of $578.15 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Papa John’s International will post 2.63 earnings per share for the current fiscal year.

Papa John’s International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were paid a $0.46 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.56%. Papa John’s International’s dividend payout ratio (DPR) is presently 74.80%.

Insider Activity at Papa John’s International

In other news, Director Laurette T. Koellner sold 2,886 shares of Papa John’s International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $70.21, for a total value of $202,626.06. Following the completion of the transaction, the director now owns 18,804 shares of the company’s stock, valued at approximately $1,320,228.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Papa John’s International

Several large investors have recently made changes to their positions in the company. Cutler Group LLC CA acquired a new position in Papa John’s International during the 4th quarter worth approximately $32,000. SRS Capital Advisors Inc. grew its stake in Papa John’s International by 396.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Papa John’s International during the 4th quarter worth about $34,000. First Horizon Advisors Inc. bought a new stake in Papa John’s International during the first quarter worth approximately $37,000. Finally, Principal Securities Inc. purchased a new stake in shares of Papa John’s International in the fourth quarter valued at $41,000.

About Papa John’s International

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

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Analyst Recommendations for Papa John's International (NASDAQ:PZZA)

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