BidaskClub upgraded shares of Papa John's Int'l (NASDAQ:PZZA) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Other equities analysts have also issued research reports about the stock. Nomura restated a hold rating and set a $58.00 price target on shares of Papa John's Int'l in a research report on Friday, December 22nd. Deutsche Bank initiated coverage on shares of Papa John's Int'l in a research report on Monday, December 18th. They set a hold rating and a $63.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Papa John's Int'l from a sell rating to a hold rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $76.60.

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Shares of Papa John's Int'l (NASDAQ:PZZA) opened at $61.80 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.05 and a debt-to-equity ratio of -4.21. Papa John's Int'l has a 12 month low of $54.00 and a 12 month high of $85.20. The firm has a market cap of $2,070.00, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64.

Papa John's Int'l (NASDAQ:PZZA) last released its earnings results on Tuesday, February 27th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.02). Papa John's Int'l had a net margin of 5.79% and a negative return on equity of 366.49%. The business had revenue of $467.60 million for the quarter, compared to the consensus estimate of $463.61 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts forecast that Papa John's Int'l will post 2.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.225 per share. The ex-dividend date was Friday, February 9th. This represents a $0.90 annualized dividend and a dividend yield of 1.46%. Papa John's Int'l’s dividend payout ratio is currently 34.22%.

In related news, Director Mark S. Shapiro sold 8,232 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.78, for a total value of $500,340.96. Following the completion of the sale, the director now owns 25,070 shares of the company’s stock, valued at $1,523,754.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Caroline Miller Oyler sold 1,766 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $61.00, for a total transaction of $107,726.00. Following the completion of the sale, the senior vice president now directly owns 16,762 shares of the company’s stock, valued at approximately $1,022,482. The disclosure for this sale can be found here. Insiders have sold 46,781 shares of company stock valued at $2,793,713 in the last 90 days. Insiders own 27.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in Papa John's Int'l by 15.4% in the third quarter. Legal & General Group Plc now owns 23,912 shares of the company’s stock worth $1,748,000 after purchasing an additional 3,198 shares during the period. CI Global Investments Inc. acquired a new stake in Papa John's Int'l in the fourth quarter worth about $4,208,000. Allianz Asset Management GmbH lifted its holdings in Papa John's Int'l by 13.6% in the third quarter. Allianz Asset Management GmbH now owns 66,057 shares of the company’s stock worth $4,827,000 after purchasing an additional 7,889 shares during the period. JPMorgan Chase & Co. lifted its holdings in Papa John's Int'l by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 1,458,205 shares of the company’s stock worth $107,411,000 after purchasing an additional 46,948 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Papa John's Int'l by 18.1% in the third quarter. Nordea Investment Management AB now owns 27,012 shares of the company’s stock worth $1,974,000 after purchasing an additional 4,139 shares during the period. 87.05% of the stock is owned by institutional investors and hedge funds.

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Papa John's Int'l Company Profile

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

Analyst Recommendations for Papa John's Int'l (NASDAQ:PZZA)

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