Papa John’s International (NASDAQ:PZZA) Price Target Cut to $80.00

Papa John’s International (NASDAQ:PZZAGet Free Report) had its price target decreased by equities researchers at BMO Capital Markets from $90.00 to $80.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 21.69% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Oppenheimer reiterated a “market perform” rating on shares of Papa John’s International in a research note on Friday, January 5th. BTIG Research downgraded shares of Papa John’s International from a “buy” rating to a “neutral” rating in a research note on Friday. StockNews.com downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Wedbush reiterated an “outperform” rating and set a $87.00 price objective on shares of Papa John’s International in a research note on Friday, March 1st. Finally, Stifel Nicolaus reiterated a “sell” rating and set a $65.00 price objective on shares of Papa John’s International in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $82.70.

Read Our Latest Analysis on PZZA

Papa John’s International Stock Down 3.7 %

Papa John’s International stock opened at $65.74 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 26.72, a PEG ratio of 1.83 and a beta of 1.16. The firm has a fifty day moving average of $72.65 and a 200-day moving average of $70.72. Papa John’s International has a 52-week low of $60.66 and a 52-week high of $86.38.

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

Insider Buying and Selling at Papa John’s International

In other Papa John’s International news, Director Laurette T. Koellner sold 2,886 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $70.21, for a total transaction of $202,626.06. Following 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 filing with the SEC, which can be accessed through this link. 8.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Papa John’s International

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new position in Papa John’s International during the 4th quarter valued at about $34,000. SRS Capital Advisors Inc. grew its stake in shares of Papa John’s International by 396.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock worth $32,000 after purchasing an additional 337 shares during the last quarter. Cutler Group LLC CA acquired a new position in shares of Papa John’s International in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. acquired a new position in shares of Papa John’s International in the 1st quarter worth approximately $37,000. Finally, Principal Securities Inc. acquired a new position in shares of Papa John’s International in the 4th quarter worth approximately $41,000.

Papa John’s International Company Profile

(Get Free Report)

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.

Further Reading

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

Receive News & Ratings for Papa John's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International and related companies with MarketBeat.com's FREE daily email newsletter.