Papa John’s International Inc. (NASDAQ:PZZA) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $74.50.

A number of brokerages recently commented on PZZA. Jefferies Group restated a “hold” rating on shares of Papa John’s International in a report on Thursday, August 4th. KeyCorp upgraded Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a report on Wednesday, July 20th. TheStreet upgraded Papa John’s International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. Nomura cut Papa John’s International from a “buy” rating to a “neutral” rating and raised their target price for the company from $66.47 to $70.00 in a report on Wednesday, June 22nd. Finally, BTIG Research set a $78.00 target price on Papa John’s International and gave the company a “buy” rating in a report on Wednesday, August 3rd.

In other Papa John’s International news, insider Steve M. Ritchie sold 12,836 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $74.73, for a total value of $959,234.28. Following the sale, the insider now owns 35,773 shares of the company’s stock, valued at approximately $2,673,316.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John H. Schnatter sold 86,363 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $76.92, for a total value of $6,643,041.96. Following the completion of the sale, the chief executive officer now directly owns 9,712,005 shares in the company, valued at approximately $747,047,424.60. The disclosure for this sale can be found here. 28.80% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of PZZA. Virginia Retirement System bought a new stake in Papa John’s International during the first quarter worth about $1,078,000. Prudential Financial Inc. raised its stake in shares of Papa John’s International by 3.0% in the first quarter. Prudential Financial Inc. now owns 153,584 shares of the company’s stock valued at $8,322,000 after buying an additional 4,462 shares during the period. BlackRock Inc. raised its stake in shares of Papa John’s International by 1,126.5% in the first quarter. BlackRock Inc. now owns 10,732 shares of the company’s stock valued at $581,000 after buying an additional 9,857 shares during the period. BlackRock Group LTD raised its stake in shares of Papa John’s International by 32.8% in the first quarter. BlackRock Group LTD now owns 56,344 shares of the company’s stock valued at $3,054,000 after buying an additional 13,928 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Papa John’s International by 10.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 791,582 shares of the company’s stock valued at $42,896,000 after buying an additional 74,962 shares during the period. 75.18% of the stock is currently owned by institutional investors.

Shares of Papa John’s International (NASDAQ:PZZA) opened at 75.85 on Friday. Papa John’s International has a 52 week low of $44.47 and a 52 week high of $82.55. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 32.18 and a beta of 0.23. The stock’s 50 day moving average price is $77.08 and its 200-day moving average price is $67.48.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The business earned $423 million during the quarter, compared to analysts’ expectations of $414.45 million. Papa John’s International had a return on equity of 454.11% and a net margin of 5.52%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Equities analysts anticipate that Papa John’s International will post $2.45 earnings per share for the current fiscal year.

About Papa John’s International

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. The Company operates restaurants under the trademark Papa John’s. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.

5 Day Chart for NASDAQ:PZZA

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