Papa John’s International (NASDAQ:PZZA) Price Target Cut to $65.00

Papa John’s International (NASDAQ:PZZA) had its price objective cut by research analysts at Wedbush from $76.00 to $65.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 22.13% from the stock’s previous close.

Other research analysts have also issued reports about the company. Stephens reaffirmed an “overweight” rating and set a $75.00 target price on shares of Papa John’s International in a report on Thursday. KeyCorp decreased their target price on Papa John’s International from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Stifel Nicolaus upgraded 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 research report on Monday, April 22nd. BTIG Research cut shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Friday, March 22nd. Finally, StockNews.com cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Papa John’s International presently has an average rating of “Moderate Buy” and an average target price of $79.40.

Papa John’s International Price Performance

Shares of PZZA opened at $53.22 on Friday. Papa John’s International has a 12 month low of $52.07 and a 12 month high of $86.38. The stock has a fifty day moving average price of $65.17 and a 200 day moving average price of $69.00. The company has a market cap of $1.75 billion, a P/E ratio of 21.63, a PEG ratio of 1.58 and a beta of 1.16.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. Papa John’s International had a negative return on equity of 19.46% and a net margin of 3.84%. The business had revenue of $571.32 million during the quarter, compared to analyst estimates of $578.15 million. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Papa John’s International will post 2.62 earnings per share for the current year.

Insider Transactions at Papa John’s International

In other news, Director Laurette T. Koellner sold 2,886 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $70.21, for a total transaction of $202,626.06. Following the completion of the transaction, the director now owns 18,804 shares of the company’s stock, valued at $1,320,228.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Papa John’s International

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of Papa John’s International by 23.5% during the 4th quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after acquiring an additional 156 shares during the period. Texas Yale Capital Corp. boosted its holdings in Papa John’s International by 5.6% during the first quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock valued at $304,000 after purchasing an additional 240 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Papa John’s International by 5.8% in the 3rd quarter. Inspire Investing LLC now owns 4,498 shares of the company’s stock valued at $307,000 after purchasing an additional 248 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Papa John’s International by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock worth $265,000 after buying an additional 250 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its position in shares of Papa John’s International by 6.9% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 3,994 shares of the company’s stock worth $272,000 after buying an additional 258 shares during the period.

About Papa John’s International

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.