Papa John’s Int’l (PZZA) Price Target Raised to $64.00

Papa John’s Int’l (NASDAQ:PZZA) had its price target raised by Citigroup from $51.00 to $64.00 in a report published on Monday. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Papa John’s Int’l from a hold rating to a buy rating in a research note on Thursday, November 1st. BidaskClub raised 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 raised their price objective 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 raised their price objective 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 raised shares of Papa John’s Int’l from a neutral rating to a buy rating in a research note on Monday, August 27th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $59.50.

Shares of NASDAQ:PZZA opened at $56.23 on Monday. Papa John’s Int’l has a twelve month low of $38.05 and a twelve month high of $69.45. The company has a market capitalization of $1.76 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.27.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). Papa John’s Int’l had a negative return on equity of 27.98% and a net margin of 2.64%. The business had revenue of $364.01 million during 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% compared to the same quarter last year. Analysts expect that Papa John’s Int’l will post 1.5 earnings per share for the current year.

The company also recently disclosed 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 of this dividend is Thursday, November 8th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.60%. Papa John’s Int’l’s payout ratio is 34.35%.

Several hedge funds and other institutional investors have recently modified their holdings of PZZA. Credit Suisse AG grew its stake in shares of Papa John’s Int’l by 1,565.4% during the 3rd quarter. Credit Suisse AG now owns 563,736 shares of the company’s stock worth $28,909,000 after purchasing an additional 529,887 shares during the period. FIL Ltd purchased a new position in shares of Papa John’s Int’l during the 3rd quarter valued at approximately $24,598,000. Litespeed Management L.L.C. purchased a new position in shares of Papa John’s Int’l during the 3rd quarter valued at approximately $10,317,000. Point72 Asset Management L.P. lifted its position in shares of Papa John’s Int’l by 121.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 294,043 shares of the company’s stock valued at $14,914,000 after buying an additional 161,302 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Papa John’s Int’l by 231.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 222,900 shares of the company’s stock valued at $11,430,000 after buying an additional 155,700 shares in the last quarter. 81.69% of the stock is currently owned by institutional investors and hedge funds.

Papa John’s Int’l 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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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