Papa Johns International’s (PZZA) Outperform Rating Reaffirmed at Wedbush

Papa Johns International (NASDAQ:PZZA)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $60.00 price objective on the stock. Wedbush’s target price would indicate a potential upside of 59.07% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Monday. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Bank of America upped their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group lowered their price objective on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Seven 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 has an average rating of “Hold” and an average price target of $59.82.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA opened at $37.72 on Wednesday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 13.14, a PEG ratio of 2.27 and a beta of 1.19. The stock’s fifty day moving average is $45.47 and its 200 day moving average is $46.98. Papa Johns International has a 52 week low of $36.25 and a 52 week high of $78.67.

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 the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Equities research analysts forecast that Papa Johns International will post 2.21 earnings per share for the current year.

Hedge Funds Weigh In On Papa Johns International

A number of institutional investors and hedge funds have recently made changes to their positions in PZZA. Irth Capital Management LP acquired a new position in Papa Johns International during the 4th quarter valued at about $66,883,000. Natixis Advisors LLC increased its position in Papa Johns International by 85.9% in 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. Stephens Investment Management Group LLC raised its stake in shares of Papa Johns International by 19.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after buying an additional 176,470 shares during the period. Westwood Holdings Group Inc. lifted its position in shares of Papa Johns International by 4.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock valued at $46,280,000 after buying an additional 40,996 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Papa Johns International by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 378,676 shares of the company’s stock worth $20,399,000 after acquiring an additional 28,883 shares during the last quarter.

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.