Papa John’s Int’l (PZZA) Shares Up 5.5%

Papa John’s Int’l, Inc. (NASDAQ:PZZA)’s share price shot up 5.5% during mid-day trading on Wednesday . The stock traded as high as $57.06 and last traded at $56.40. 1,782,787 shares changed hands during trading, an increase of 37% from the average session volume of 1,305,331 shares. The stock had previously closed at $53.47.

Several brokerages have issued reports on PZZA. ValuEngine raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. BidaskClub upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Stifel Nicolaus increased their target price on shares of Papa John’s Int’l from $38.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, October 11th. Longbow Research increased their target price on shares of Papa John’s Int’l from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, October 15th. Finally, Bank of America upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Papa John’s Int’l presently has an average rating of “Hold” and an average price target of $57.88.

The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.83 and a beta of 0.27.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Papa John’s Int’l had a negative return on equity of 30.50% and a net margin of 2.64%. The business had revenue of $364.01 million for the quarter, compared to analyst estimates of $390.62 million. During the same quarter last year, the company posted $0.60 EPS. Papa John’s Int’l’s quarterly revenue was down 15.7% on a year-over-year basis. Equities analysts anticipate that Papa John’s Int’l, Inc. will post 1.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Monday, November 12th will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.90 annualized dividend and a dividend yield of 1.60%. Papa John’s Int’l’s dividend payout ratio (DPR) is 34.35%.

Several institutional investors and hedge funds have recently made changes to their positions in PZZA. OppenheimerFunds Inc. lifted its position in Papa John’s Int’l by 16.5% in the second quarter. OppenheimerFunds Inc. now owns 10,348 shares of the company’s stock valued at $525,000 after purchasing an additional 1,468 shares during the period. Arlington Partners LLC lifted its position in Papa John’s Int’l by 16.3% in the third quarter. Arlington Partners LLC now owns 12,610 shares of the company’s stock valued at $647,000 after purchasing an additional 1,765 shares during the period. Tyvor Capital LLC acquired a new stake in Papa John’s Int’l in the second quarter valued at about $142,000. State Board of Administration of Florida Retirement System lifted its position in Papa John’s Int’l by 24.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 14,316 shares of the company’s stock valued at $726,000 after purchasing an additional 2,850 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new stake in Papa John’s Int’l in the first quarter valued at about $232,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

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About Papa John’s Int’l (NASDAQ:PZZA)

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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