Papa Johns International (NASDAQ:PZZA) Price Target Lowered to $45.00 at UBS Group

Papa Johns International (NASDAQ:PZZA) had its target price cut by UBS Group from $56.00 to $45.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

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

Papa Johns International Stock Performance

Shares of PZZA stock opened at $37.96 on Tuesday. Papa Johns International has a fifty-two week low of $37.70 and a fifty-two week high of $78.67. The stock has a 50 day moving average price of $46.88 and a two-hundred day moving average price of $47.25. The company has a market capitalization of $1.24 billion, a P/E ratio of 13.23, a PEG ratio of 2.27 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 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts predict that Papa Johns International will post 2.21 earnings per share for the current year.

Papa Johns International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.85%. Papa Johns International’s dividend payout ratio is currently 64.11%.

Institutional Investors Weigh In On Papa Johns International

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Papa Johns International by 66.9% in the third 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 bought a new position in shares of Papa Johns International during the third quarter valued at $42,000. US Bancorp DE lifted its holdings in shares of Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares in the last quarter. CWM LLC lifted its holdings in shares of Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after purchasing an additional 365 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International during the third quarter valued at $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.