Papa John’s International, Inc. (NASDAQ:PZZA) had its price target hoisted by equities research analysts at Stephens from $90.00 to $95.00 in a research note issued on Wednesday. The brokerage currently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 23.44% from the company’s previous close.

PZZA has been the subject of several other research reports. BidaskClub downgraded Papa John’s International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Zacks Investment Research raised Papa John’s International from a “strong sell” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC set a $83.00 price target on Papa John’s International and gave the company a “hold” rating in a report on Wednesday, April 19th. KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. Finally, Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Papa John’s International in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $89.17.

Shares of Papa John’s International (NASDAQ:PZZA) traded down 0.53% during trading on Wednesday, reaching $76.96. 647,876 shares of the company were exchanged. Papa John’s International has a one year low of $70.73 and a one year high of $90.49. The company has a 50 day moving average price of $74.73 and a 200-day moving average price of $78.90. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 26.81 and a beta of 0.51.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. The business had revenue of $434.78 million during the quarter, compared to the consensus estimate of $438.51 million. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Papa John’s International will post $2.86 EPS for the current year.

Papa John’s International declared that its board has authorized a stock repurchase program on Tuesday, August 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 198% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in Papa John’s International by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,227 shares of the company’s stock valued at $1,308,000 after buying an additional 128 shares during the last quarter. Marshall Wace North America L.P. boosted its position in Papa John’s International by 391.8% in the second quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock valued at $17,607,000 after buying an additional 194,804 shares during the last quarter. Rainier Investment Management LLC purchased a new position in Papa John’s International during the second quarter valued at $2,914,000. BNP Paribas Arbitrage SA boosted its position in Papa John’s International by 132.5% in the second quarter. BNP Paribas Arbitrage SA now owns 14,327 shares of the company’s stock valued at $1,028,000 after buying an additional 8,164 shares during the last quarter. Finally, Comerica Bank boosted its position in Papa John’s International by 0.9% in the second quarter. Comerica Bank now owns 21,093 shares of the company’s stock valued at $1,589,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Papa John’s International Company Profile

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.

Analyst Recommendations for Papa John`s International (NASDAQ:PZZA)

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