Papa John’s International (NASDAQ:PZZA) Coverage Initiated by Analysts at Bank of America

Investment analysts at Bank of America assumed coverage on shares of Papa John’s International (NASDAQ:PZZAGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating and a $103.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 23.99% from the stock’s current price.

A number of other research analysts have also weighed in on PZZA. KeyCorp cut their target price on shares of Papa John’s International from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, September 30th. UBS Group cut their target price on shares of Papa John’s International to $80.00 in a report on Friday, November 4th. Northcoast Research lowered shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Monday, November 7th. Credit Suisse Group cut their target price on shares of Papa John’s International from $123.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Finally, Stephens cut their target price on shares of Papa John’s International from $100.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, November 4th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.07.

Papa John’s International Price Performance

Papa John’s International stock opened at $83.07 on Wednesday. The stock has a market cap of $2.93 billion, a P/E ratio of 43.95, a PEG ratio of 1.73 and a beta of 1.13. Papa John’s International has a 1 year low of $66.74 and a 1 year high of $126.62. The firm’s 50 day moving average price is $83.07 and its 200-day moving average price is $81.69.

Papa John’s International (NASDAQ:PZZAGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $510.51 million for the quarter, compared to the consensus estimate of $511.17 million. Papa John’s International had a net margin of 3.27% and a negative return on equity of 49.32%. As a group, equities analysts expect that Papa John’s International will post 2.88 EPS for the current year.

Institutional Trading of Papa John’s International

A number of large investors have recently made changes to their positions in the stock. National Bank of Canada FI boosted its stake in shares of Papa John’s International by 36.9% during the fourth quarter. National Bank of Canada FI now owns 4,245 shares of the company’s stock valued at $349,000 after purchasing an additional 1,145 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Papa John’s International by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,456 shares of the company’s stock valued at $531,000 after acquiring an additional 241 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Papa John’s International by 17.3% in the fourth quarter. Congress Asset Management Co. MA now owns 29,594 shares of the company’s stock valued at $2,436,000 after acquiring an additional 4,363 shares in the last quarter. Penn Capital Management Company LLC raised its holdings in shares of Papa John’s International by 5.6% in the third quarter. Penn Capital Management Company LLC now owns 91,527 shares of the company’s stock valued at $6,416,000 after acquiring an additional 4,890 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Papa John’s International by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 455,268 shares of the company’s stock valued at $31,873,000 after acquiring an additional 3,491 shares in the last quarter. 99.21% of the stock is owned by hedge funds and other institutional investors.

About Papa John’s International

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Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of the operations of all domestic company-owned restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned or bottled beverages.

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