Stifel Nicolaus Cuts Papa John’s International (NASDAQ:PZZA) Price Target to $100.00

Papa John’s International (NASDAQ:PZZAGet Rating) had its price objective cut by Stifel Nicolaus from $120.00 to $100.00 in a report released on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.

PZZA has been the subject of a number of other research reports. KeyCorp dropped their price objective on Papa John’s International from $110.00 to $105.00 and set an overweight rating for the company in a research report on Friday, August 5th. Credit Suisse Group reduced their price objective on shares of Papa John’s International to $123.00 in a research note on Tuesday, August 9th. OTR Global downgraded Papa John’s International to a positive rating in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Papa John’s International from $109.00 to $92.00 in a report on Monday, July 18th. Finally, BTIG Research increased their target price on Papa John’s International from $125.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $120.64.

Papa John’s International Trading Down 3.2 %

NASDAQ:PZZA opened at $74.12 on Tuesday. Papa John’s International has a twelve month low of $72.66 and a twelve month high of $140.68. The company has a market capitalization of $2.62 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The firm has a 50-day moving average price of $85.94 and a two-hundred day moving average price of $89.70.

Papa John’s International (NASDAQ:PZZAGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $522.67 million during the quarter, compared to analysts’ expectations of $531.70 million. Papa John’s International had a net margin of 4.26% and a negative return on equity of 63.53%. Papa John’s International’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. On average, equities research analysts predict that Papa John’s International will post 3.02 earnings per share for the current year.

Papa John’s International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 15th were given a $0.42 dividend. The ex-dividend date was Friday, August 12th. This represents a $1.68 annualized dividend and a dividend yield of 2.27%. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.35. Papa John’s International’s dividend payout ratio is presently 68.57%.

Insider Activity at Papa John’s International

In other Papa John’s International news, insider Marvin Boakye sold 2,950 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $85.57, for a total transaction of $252,431.50. Following the transaction, the insider now owns 11,920 shares in the company, valued at $1,019,994.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Papa John’s International by 824.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 616,757 shares of the company’s stock worth $51,512,000 after buying an additional 550,039 shares during the period. Invesco Ltd. increased its position in shares of Papa John’s International by 94.5% during the fourth quarter. Invesco Ltd. now owns 1,079,046 shares of the company’s stock worth $144,019,000 after acquiring an additional 524,219 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Papa John’s International by 5.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,925,719 shares of the company’s stock worth $327,876,000 after acquiring an additional 203,059 shares in the last quarter. Sei Investments Co. increased its holdings in Papa John’s International by 124.1% during the 2nd quarter. Sei Investments Co. now owns 359,763 shares of the company’s stock worth $30,047,000 after purchasing an additional 199,193 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Papa John’s International by 20.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,031,479 shares of the company’s stock valued at $86,149,000 after buying an additional 176,801 shares during the last quarter. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

Papa John’s International Company Profile

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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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