Papa John’s International, Inc. (NASDAQ:PZZA) Receives $38.50 Consensus Price Target from Analysts

Shares of Papa John’s International, Inc. (NASDAQ:PZZA) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.50.

Several brokerages recently issued reports on PZZA. Mizuho cut their price target on Papa John’s International from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Piper Sandler lowered their price objective on Papa John’s International from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. UBS Group dropped their target price on Papa John’s International from $42.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Benchmark cut their target price on Papa John’s International from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Papa John’s International from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th.

Institutional Investors Weigh In On Papa John’s International

Several large investors have recently made changes to their positions in PZZA. Lazard Asset Management LLC acquired a new position in shares of Papa John’s International during the second quarter worth approximately $59,000. Skylands Capital LLC acquired a new stake in Papa John’s International in the 1st quarter valued at approximately $65,000. Leonteq Securities AG acquired a new stake in Papa John’s International in the 4th quarter valued at approximately $71,000. PNC Financial Services Group Inc. raised its stake in Papa John’s International by 42.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,230 shares of the company’s stock valued at $72,000 after acquiring an additional 670 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Papa John’s International during the 4th quarter worth $73,000.

Papa John’s International Stock Up 1.7%

Shares of NASDAQ:PZZA opened at $36.79 on Monday. The company has a market cap of $1.21 billion, a PE ratio of 44.33, a P/E/G ratio of 2.01 and a beta of 1.15. Papa John’s International has a fifty-two week low of $29.55 and a fifty-two week high of $55.74. The firm has a 50-day simple moving average of $34.32 and a 200 day simple moving average of $35.33.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The business had revenue of $478.61 million during the quarter, compared to the consensus estimate of $485.51 million. Papa John’s International had a negative return on equity of 10.71% and a net margin of 1.37%.The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. As a group, research analysts forecast that Papa John’s International will post 1.51 EPS for the current fiscal year.

Papa John’s International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, May 18th. Papa John’s International’s payout ratio is presently 221.69%.

Papa John’s International Company Profile

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.