Papa John’s International Inc. (NASDAQ:PZZA) shares rose 3.3% during trading on Wednesday . The stock traded as high as $72.15 and last traded at $71.43, with a volume of 194,633 shares traded. The stock had previously closed at $69.12.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Papa John’s International from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. TheStreet cut shares of Papa John’s International to a “hold” rating in a research note on Friday, May 6th. Nomura Holdings Inc. cut shares of Papa John’s International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $66.47 to $70.00 in a research note on Wednesday, June 22nd. Nomura cut shares of Papa John’s International from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 22nd. Finally, KeyCorp raised shares of Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $70.50.

The company has a 50-day moving average price of $66.48 and a 200 day moving average price of $57.91. The firm has a market cap of $2.66 billion and a P/E ratio of 35.26.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, May 3rd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The company earned $428.60 million during the quarter, compared to analysts’ expectations of $440.89 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that Papa John’s International Inc. will post $2.40 EPS for the current year.

Other large investors recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in Papa John’s International by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 129,600 shares of the company’s stock valued at $7,241,000 after buying an additional 700 shares in the last quarter. California State Teachers Retirement System boosted its stake in Papa John’s International by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 53,673 shares of the company’s stock valued at $2,999,000 after buying an additional 800 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Papa John’s International by 1.7% in the fourth quarter. New York State Common Retirement Fund now owns 59,122 shares of the company’s stock valued at $3,303,000 after buying an additional 1,000 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Papa John’s International by 7.4% in the fourth quarter. Advisors Asset Management Inc. now owns 19,277 shares of the company’s stock valued at $1,077,000 after buying an additional 1,335 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Papa John’s International by 5.6% in the fourth quarter. Rhumbline Advisers now owns 45,260 shares of the company’s stock valued at $2,529,000 after buying an additional 2,410 shares in the last quarter.

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. The Company operates restaurants under the trademark Papa John’s. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.

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