Papa Johns International (NASDAQ:PZZA) PT Lowered to $50.00 at Piper Sandler

Papa Johns International (NASDAQ:PZZA) had its price target decreased by analysts at Piper Sandler from $61.00 to $50.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 13.64% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Thursday. KeyCorp dropped their price target on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Papa Johns International from $77.00 to $58.00 and set a “hold” rating for the company in a research note on Friday, May 10th. Wedbush reissued an “outperform” rating and set a $51.00 target price on shares of Papa Johns International in a research report on Friday. Finally, BMO Capital Markets reduced their price target on Papa Johns International from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.30.

Papa Johns International Stock Up 1.8 %

Shares of NASDAQ:PZZA traded up $0.77 during trading on Friday, reaching $44.00. 173,731 shares of the company traded hands, compared to its average volume of 988,424. The firm has a fifty day simple moving average of $44.88 and a 200 day simple moving average of $58.23. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $83.51. The firm has a market cap of $1.45 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. Papa Johns International had a negative return on equity of 19.46% and a net margin of 3.50%. The firm had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, research analysts anticipate that Papa Johns International will post 2.37 EPS for the current year.

Insider Activity at Papa Johns International

In other Papa Johns International news, CEO Ravi Thanawala purchased 1,900 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $52.41 per share, with a total value of $99,579.00. Following the transaction, the chief executive officer now directly owns 38,920 shares in the company, valued at approximately $2,039,797.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Papa Johns International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Papa Johns International in the fourth quarter valued at about $114,000. Louisiana State Employees Retirement System bought a new stake in shares of Papa Johns International in the 4th quarter worth approximately $1,250,000. VELA Investment Management LLC grew its holdings in shares of Papa Johns International by 9.9% during the 4th quarter. VELA Investment Management LLC now owns 23,404 shares of the company’s stock worth $1,784,000 after purchasing an additional 2,111 shares in the last quarter. Everence Capital Management Inc. increased its position in shares of Papa Johns International by 42.6% during the fourth quarter. Everence Capital Management Inc. now owns 5,490 shares of the company’s stock valued at $419,000 after purchasing an additional 1,640 shares during the period. Finally, Dupree Financial Group LLC acquired a new position in shares of Papa Johns International in the fourth quarter valued at $323,000.

About Papa Johns 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.