Papa Johns International’s (PZZA) Overweight Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Papa Johns International (NASDAQ:PZZA) in a research report released on Friday,Benzinga reports. Stephens currently has a $60.00 price objective on the stock.

PZZA has been the subject of a number of other reports. Jefferies Financial Group decreased their price target on Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. 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 lifted their target price on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group reduced their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Loop Capital reduced their target price on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.67.

Papa Johns International Stock Down 4.4 %

PZZA stock opened at $49.04 on Friday. The business has a 50 day moving average price of $40.69 and a two-hundred day moving average price of $46.47. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.94 and a beta of 1.19. Papa Johns International has a twelve month low of $35.28 and a twelve month high of $76.91.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.84 annualized dividend and a yield of 3.75%. Papa Johns International’s dividend payout ratio is presently 64.11%.

Hedge Funds Weigh In On Papa Johns International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB raised its holdings in Papa Johns International by 300.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Papa Johns International in the 4th quarter valued at $30,000. Signaturefd LLC raised its holdings in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Papa Johns International in the 3rd quarter valued at $42,000. Finally, Jones Financial Companies Lllp raised its holdings in Papa Johns International by 111.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock valued at $56,000 after acquiring an additional 717 shares in the last quarter.

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.