Longbow Research reaffirmed their buy rating on shares of Papa John’s International, Inc. (NASDAQ:PZZA) in a research report sent to investors on Monday, May 22nd. The brokerage currently has a $95.00 price objective on the stock.

A number of other research analysts also recently commented on the company. Jefferies Group LLC set a $83.00 price target on Papa John’s International and gave the company a hold rating in a research note on Wednesday, April 19th. Instinet boosted their price target on Papa John’s International from $76.00 to $84.00 and gave the company a neutral rating in a research note on Wednesday, May 3rd. Zacks Investment Research downgraded Papa John’s International from a buy rating to a hold rating in a research note on Tuesday, April 25th. Finally, Stephens reaffirmed an overweight rating and issued a $100.00 price target on shares of Papa John’s International in a research note on Monday, January 23rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $87.00.

Papa John’s International (PZZA) traded up 0.77% during midday trading on Monday, hitting $78.66. 466,877 shares of the stock traded hands. Papa John’s International has a 12-month low of $63.77 and a 12-month high of $90.49. The firm’s 50 day moving average is $80.39 and its 200-day moving average is $81.87. The stock has a market capitalization of $2.89 billion, a PE ratio of 27.89 and a beta of 0.50.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. The business had revenue of $449.27 million during the quarter, compared to the consensus estimate of $435.47 million. Papa John’s International had a return on equity of 11,469.18% and a net margin of 6.09%. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, analysts anticipate that Papa John’s International will post $2.86 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, May 4th. Papa John’s International’s dividend payout ratio (DPR) is currently 28.27%.

In other news, CFO Lance F. Tucker sold 4,051 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.39, for a total transaction of $333,761.89. Following the sale, the chief financial officer now directly owns 25,522 shares in the company, valued at $2,102,757.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $81.79, for a total value of $490,740.00. Following the sale, the senior vice president now owns 36,020 shares in the company, valued at $2,946,075.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,447 shares of company stock worth $1,656,182. Company insiders own 27.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Papa John’s International by 14.8% in the first quarter. Public Employees Retirement System of Ohio now owns 16,179 shares of the company’s stock valued at $1,295,000 after buying an additional 2,089 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Papa John’s International by 260.4% in the first quarter. Point72 Asset Management L.P. now owns 105,599 shares of the company’s stock valued at $8,452,000 after buying an additional 76,299 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Papa John’s International during the first quarter valued at approximately $412,000. Paloma Partners Management Co boosted its stake in shares of Papa John’s International by 151.4% in the first quarter. Paloma Partners Management Co now owns 17,547 shares of the company’s stock valued at $1,404,000 after buying an additional 10,567 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Papa John’s International by 117.7% in the first quarter. AQR Capital Management LLC now owns 30,037 shares of the company’s stock valued at $2,404,000 after buying an additional 16,237 shares during the last quarter. Institutional investors own 79.23% of the company’s stock.

About Papa John’s International

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

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