Papa John’s International, Inc. (NASDAQ:PZZA) Stock Has Consensus Price Target of $32.00

Shares of Papa John’s International, Inc. (NASDAQ:PZZA) have received an average recommendation of “Reduce” from the nine research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.00.

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and issued a $24.00 price target (down from $38.00) on shares of Papa John’s International in a report on Friday, August 7th. Bank of America restated an “underperform” rating and issued a $34.00 target price (down from $42.00) on shares of Papa John’s International in a report on Monday, July 13th. Piper Sandler lowered their price objective on Papa John’s International from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Benchmark cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Papa John’s International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st.

Papa John’s International Stock Performance

Shares of PZZA opened at $19.43 on Wednesday. Papa John’s International has a 52-week low of $19.31 and a 52-week high of $55.74. The business’s fifty day moving average is $23.50 and its 200-day moving average is $30.46. The firm has a market cap of $639.64 million, a price-to-earnings ratio of 24.60, a PEG ratio of 2.15 and a beta of 1.13.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $482.40 million for the quarter, compared to analyst estimates of $481.25 million. Papa John’s International had a negative return on equity of 10.98% and a net margin of 1.34%.The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. As a group, research analysts forecast that Papa John’s International will post 1.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Papa John’s International

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Papa John’s International during the second quarter worth about $182,315,000. Bank of America Corp DE acquired a new stake in shares of Papa John’s International in the 2nd quarter valued at about $83,186,000. Dimensional Fund Advisors LP grew its position in shares of Papa John’s International by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 626,352 shares of the company’s stock worth $20,300,000 after acquiring an additional 49,031 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Papa John’s International in the 2nd quarter valued at $13,942,000. Finally, Alberta Investment Management Corp increased its holdings in shares of Papa John’s International by 17.0% in the 4th quarter. Alberta Investment Management Corp now owns 275,702 shares of the company’s stock valued at $10,612,000 after acquiring an additional 39,969 shares during the period.

Papa John’s International Company Profile

Papa John’s International, Inc is a restaurant company that operates and franchises Papa Johns pizza restaurants. Its menu includes pizzas made with various crusts, toppings and specialty recipes, along with sides, desserts and beverages. Customers can order through delivery, carryout and digital ordering channels.

Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown into an international quick-service restaurant brand. Papa Johns serves customers across the United States and in international markets through a combination of company-operated restaurants and franchised locations.