KeyCorp Downgrades Papa Johns International (NASDAQ:PZZA) to Sector Weight

Papa Johns International (NASDAQ:PZZA) was downgraded by KeyCorp from an “overweight” rating to a “sector weight” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

PZZA has been the subject of a number of other reports. UBS Group upped their price objective on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, November 8th. Piper Sandler lowered 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of 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, Bank of America increased their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Papa Johns International has an average rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Trading Down 0.4 %

Shares of PZZA opened at $50.79 on Thursday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.55 and a beta of 1.19. Papa Johns International has a 12-month low of $39.90 and a 12-month high of $78.67. The firm has a fifty day moving average price of $51.73 and a 200-day moving average price of $48.92.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Analysts predict that Papa Johns International will post 2.23 earnings per share for the current year.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after buying an additional 259 shares during the period. Copeland Capital Management LLC purchased a new stake in Papa Johns International in the 3rd quarter worth approximately $42,000. CWM LLC boosted its position in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE boosted its position in Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Papa Johns International in the 3rd quarter worth approximately $156,000.

Papa Johns International Company Profile

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.