UBS Group Issues Positive Forecast for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA) had its price target hoisted by UBS Group from $47.00 to $56.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 1.71% from the company’s current price.

A number of other equities analysts have also recently issued reports on PZZA. Piper Sandler dropped their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. BMO Capital Markets decreased their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, Stephens restated an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Papa Johns International presently has a consensus rating of “Moderate Buy” and an average target price of $60.82.

Papa Johns International Stock Down 0.8 %

Shares of PZZA stock traded down $0.47 during trading hours on Friday, reaching $55.06. 308,150 shares of the company’s stock were exchanged, compared to its average volume of 986,249. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The business has a fifty day moving average price of $51.37 and a 200-day moving average price of $49.33. The stock has a market capitalization of $1.80 billion, a P/E ratio of 26.55, a P/E/G ratio of 3.53 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts expect that Papa Johns International will post 2.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its position in Papa Johns International by 85.9% during the third quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock worth $10,237,000 after buying an additional 87,801 shares during the last quarter. Entropy Technologies LP acquired a new stake in Papa Johns International during the third quarter worth approximately $419,000. Atria Investments Inc boosted its holdings in shares of Papa Johns International by 19.0% during the third quarter. Atria Investments Inc now owns 7,096 shares of the company’s stock worth $382,000 after acquiring an additional 1,135 shares during the period. River Road Asset Management LLC grew its position in shares of Papa Johns International by 88.1% in the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after purchasing an additional 1,070,485 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Papa Johns International in the 3rd quarter valued at $773,000.

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.