Stephens Reiterates Overweight Rating for Papa Johns International (NASDAQ:PZZA)

Papa Johns International (NASDAQ:PZZA)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a note issued to investors on Monday,Benzinga reports. They currently have a $62.00 price target on the stock. Stephens’ price target indicates a potential upside of 68.43% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a report on Friday, December 13th. KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Bank of America boosted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, UBS Group lowered their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.82.

Papa Johns International Trading Down 3.0 %

Shares of NASDAQ PZZA opened at $36.81 on Monday. The company has a market capitalization of $1.20 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.27 and a beta of 1.19. Papa Johns International has a 12 month low of $36.25 and a 12 month high of $78.67. The stock has a 50 day moving average of $46.23 and a 200-day moving average of $47.11.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. bought a new stake in Papa Johns International in the second quarter worth approximately $93,586,000. Irth Capital Management LP acquired a new stake in shares of Papa Johns International during the 4th quarter worth approximately $66,883,000. River Road Asset Management LLC increased its stake in shares of Papa Johns International by 88.1% in the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after acquiring an additional 1,070,485 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after acquiring an additional 446,477 shares during the period. Finally, Wellington Management Group LLP bought a new position in Papa Johns International during the third quarter worth $15,845,000.

About Papa Johns International

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.