Papa John’s International (NASDAQ:PZZA) Price Target Lowered to $90.00 at Loop Capital

Papa John’s International (NASDAQ:PZZAFree Report) had its target price cut by Loop Capital from $97.00 to $90.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus raised Papa John’s International from a sell rating to a hold rating and decreased their price target for the company from $65.00 to $60.00 in a report on Monday, April 22nd. KeyCorp decreased their price objective on shares of Papa John’s International from $78.00 to $64.00 and set an overweight rating for the company in a research report on Friday. BMO Capital Markets dropped their target price on Papa John’s International from $80.00 to $75.00 and set an outperform rating on the stock in a research report on Friday. Wedbush cut their price objective on Papa John’s International from $76.00 to $65.00 and set an outperform rating for the company in a research report on Friday. Finally, Benchmark decreased their target price on Papa John’s International from $87.00 to $75.00 and set a buy rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $76.36.

Read Our Latest Analysis on PZZA

Papa John’s International Stock Up 0.2 %

Shares of Papa John’s International stock traded up $0.10 during trading on Friday, reaching $53.32. The company’s stock had a trading volume of 1,730,039 shares, compared to its average volume of 929,061. Papa John’s International has a 1-year low of $52.07 and a 1-year high of $86.38. The company has a 50-day simple moving average of $64.84 and a two-hundred day simple moving average of $68.93. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 1.43 and a beta of 1.16.

Papa John’s International (NASDAQ:PZZAGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. Papa John’s International had a net margin of 3.50% and a negative return on equity of 19.46%. The business had revenue of $513.90 million during the quarter, compared to the consensus estimate of $544.46 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Papa John’s International will post 2.62 earnings per share for the current year.

Papa John’s International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.84 annualized dividend and a dividend yield of 3.45%. Papa John’s International’s dividend payout ratio (DPR) is currently 81.78%.

Insider Transactions at Papa John’s International

In related news, Director Laurette T. Koellner sold 2,886 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was 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 in the company, valued at approximately $1,320,228.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Papa John’s International

A number of institutional investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. increased its position in Papa John’s International by 396.5% during 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 in the last quarter. Cutler Group LLC CA acquired a new stake in Papa John’s International during the fourth quarter worth approximately $32,000. Principal Securities Inc. purchased a new stake in Papa John’s International in the 4th quarter worth approximately $41,000. Covestor Ltd raised its holdings in Papa John’s International by 277.8% in the 3rd quarter. Covestor Ltd now owns 733 shares of the company’s stock valued at $50,000 after acquiring an additional 539 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Papa John’s International by 23.5% during the fourth quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after purchasing an additional 156 shares during the last quarter.

About Papa John’s International

(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.

See Also

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.