Papa John’s International, Inc. (NASDAQ:PZZA)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a report released on Tuesday. They currently have a $100.00 price objective on the stock. BTIG Research’s price target indicates a potential upside of 29.87% from the stock’s previous close.

Several other research firms have also recently issued reports on PZZA. Zacks Investment Research upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, August 18th. Stephens upped their target price on shares of Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Instinet restated a “neutral” rating and set a $78.00 target price (down previously from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $83.00 target price on shares of Papa John’s International in a research note on Friday, July 14th. Finally, BidaskClub cut shares of Papa John’s International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Papa John’s International presently has an average rating of “Hold” and a consensus price target of $89.83.

Shares of Papa John’s International (PZZA) opened at 77.09 on Tuesday. The firm’s 50-day moving average is $76.43 and its 200 day moving average is $78.30. The company has a market capitalization of $2.81 billion, a PE ratio of 26.85 and a beta of 0.51. Papa John’s International has a 12 month low of $70.73 and a 12 month high of $90.49.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The company had revenue of $434.78 million for the quarter, compared to the consensus estimate of $438.51 million. During the same period in the prior year, the firm posted $0.61 EPS. Papa John’s International’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research 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 initiated a stock buyback plan on Tuesday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 198% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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In other news, insider Steve M. Ritchie sold 10,396 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $80.00, for a total value of $831,680.00. Following the transaction, the insider now owns 37,601 shares in the company, valued at approximately $3,008,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $81.79, for a total transaction of $490,740.00. Following the completion of 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. 27.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Profund Advisors LLC boosted its position in shares of Papa John’s International by 0.6% in the first quarter. Profund Advisors LLC now owns 4,278 shares of the company’s stock valued at $342,000 after buying an additional 25 shares during the period. Charter Trust Co. boosted its position in shares of Papa John’s International by 1.5% in the second quarter. Charter Trust Co. now owns 3,466 shares of the company’s stock valued at $249,000 after buying an additional 50 shares during the period. State Treasurer State of Michigan boosted its position in shares of Papa John’s International by 0.9% in the first quarter. State Treasurer State of Michigan now owns 10,800 shares of the company’s stock valued at $864,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Papa John’s International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,320 shares of the company’s stock valued at $746,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Papa John’s International by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the company’s stock valued at $536,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 83.77% 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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