Papa John’s International, Inc. (NASDAQ:PZZA) Receives $38.50 Consensus Price Target from Brokerages

Papa John’s International, Inc. (NASDAQ:PZZA) has received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $38.50.

Several research analysts have issued reports on the stock. Piper Sandler dropped their target price on shares of Papa John’s International from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Benchmark dropped their target price on shares of Papa John’s International from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings cut shares of Papa John’s International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 18th. Mizuho lowered their price target on shares of Papa John’s International from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, UBS Group lowered their price target on shares of Papa John’s International from $42.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd.

Institutional Trading of Papa John’s International

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Papa John’s International in the 2nd quarter valued at about $59,000. Skylands Capital LLC bought a new stake in shares of Papa John’s International in the 1st quarter valued at about $65,000. Leonteq Securities AG bought a new stake in shares of Papa John’s International in the 4th quarter valued at about $71,000. PNC Financial Services Group Inc. boosted its holdings in shares of Papa John’s International by 42.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,230 shares of the company’s stock valued at $72,000 after buying an additional 670 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Papa John’s International in the 4th quarter valued at about $73,000.

Papa John’s International Price Performance

Shares of Papa John’s International stock opened at $36.79 on Monday. Papa John’s International has a 1 year low of $29.55 and a 1 year high of $55.74. The firm’s 50-day moving average is $34.32 and its two-hundred day moving average is $35.29. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 2.05 and a beta of 1.15.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Papa John’s International had a negative return on equity of 10.71% and a net margin of 1.37%.The business had revenue of $478.61 million for the quarter, compared to the consensus estimate of $485.51 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that Papa John’s International will post 1.51 earnings per share for the current year.

Papa John’s International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, May 18th. Papa John’s International’s dividend payout ratio (DPR) is currently 221.69%.

Papa John’s International Company Profile

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.