UBS Group Has Lowered Expectations for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA) had its price objective dropped by research analysts at UBS Group from $56.00 to $45.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 6.31% from the stock’s previous close.

Several other analysts also recently weighed in on PZZA. Stephens reaffirmed an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a report on Friday, December 13th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, December 13th. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Bank of America raised their price target on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Papa Johns International has a consensus rating of “Hold” and a consensus target price of $59.82.

Papa Johns International Stock Down 1.8 %

NASDAQ PZZA opened at $42.33 on Tuesday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 14.75, a PEG ratio of 2.27 and a beta of 1.19. Papa Johns International has a 52 week low of $38.25 and a 52 week high of $78.67. The company has a 50-day moving average price of $47.40 and a 200-day moving average price of $47.37.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. As a group, equities research analysts anticipate that Papa Johns International will post 2.21 EPS for the current year.

Hedge Funds Weigh In On Papa Johns International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of 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 acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the 3rd quarter worth about $42,000. US Bancorp DE boosted its holdings in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after buying an additional 922 shares during the period. CWM LLC increased its position in shares of Papa Johns International by 27.5% in the third quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after acquiring an additional 365 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Papa Johns International during the third quarter valued at approximately $156,000.

Papa Johns International Company Profile

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.