Loop Capital Cuts Papa Johns International (NASDAQ:PZZA) Price Target to $60.00

Papa Johns International (NASDAQ:PZZA) had its price objective trimmed by Loop Capital from $73.00 to $60.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

PZZA has been the topic of several other reports. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Jefferies Financial Group cut their target price on Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. UBS Group lowered their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a research note on Monday, January 13th. Finally, Bank of America increased their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.83.

Papa Johns International Stock Performance

PZZA stock opened at $39.88 on Tuesday. The firm has a fifty day moving average price of $43.40 and a 200 day moving average price of $46.63. Papa Johns International has a fifty-two week low of $35.28 and a fifty-two week high of $78.67. The firm has a market cap of $1.30 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.74 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. During the same period last year, the company posted $0.53 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts predict that Papa Johns International will post 2.2 EPS for the current year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a yield of 4.61%. Papa Johns International’s payout ratio is 64.11%.

Hedge Funds Weigh In On Papa Johns International

A number of hedge funds have recently added to or reduced their stakes in the stock. River Road Asset Management LLC boosted its holdings 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 period. Earnest Partners LLC lifted its holdings in shares of Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after buying an additional 446,477 shares during the period. Irth Capital Management LP purchased a new stake in shares of Papa Johns International in the 4th quarter worth $66,883,000. Stephens Investment Management Group LLC grew its position in shares of Papa Johns International by 19.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after buying an additional 176,470 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Papa Johns International by 55.9% during the second quarter. Deprince Race & Zollo Inc. now owns 516,046 shares of the company’s stock valued at $24,244,000 after buying an additional 185,036 shares during the period.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.