Papa John’s International Inc. (NASDAQ:PZZA) saw strong trading volume on Tuesday . 438,370 shares traded hands during trading, an increase of 87% from the previous session’s volume of 234,284 shares.The stock last traded at $77.71 and had previously closed at $76.81.

Several equities research analysts have weighed in on the company. Jefferies Group restated a “hold” rating on shares of Papa John’s International in a report on Thursday, August 4th. TheStreet upgraded Papa John’s International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. BTIG Research set a $78.00 price target on Papa John’s International and gave the stock a “buy” rating in a report on Wednesday, August 3rd. KeyCorp upgraded Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a report on Wednesday, July 20th. Finally, Nomura downgraded Papa John’s International from a “buy” rating to a “neutral” rating and upped their price target for the stock from $66.47 to $70.00 in a report on Wednesday, June 22nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $70.50.

The stock has a 50-day moving average of $75.64 and a 200-day moving average of $65.52. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 32.97 and a beta of 0.23.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Papa John’s International had a return on equity of 454.11% and a net margin of 5.52%. The business had revenue of $423 million for the quarter, compared to analysts’ expectations of $414.45 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts predict that Papa John’s International Inc. will post $2.45 earnings per share for the current year.

In related news, insider Steve M. Ritchie sold 12,836 shares of Papa John’s International stock in a transaction on Friday, August 12th. The stock was sold at an average price of $74.73, for a total value of $959,234.28. Following the transaction, the insider now owns 35,773 shares in the company, valued at $2,673,316.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lance F. Tucker sold 6,334 shares of Papa John’s International stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $77.27, for a total value of $489,428.18. Following the completion of the transaction, the chief financial officer now owns 38,975 shares in the company, valued at approximately $3,011,598.25. The disclosure for this sale can be found here. 28.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PZZA. BlackRock Fund Advisors boosted its position in shares of Papa John’s International by 1.1% in the second quarter. BlackRock Fund Advisors now owns 1,730,350 shares of the company’s stock worth $117,664,000 after buying an additional 19,309 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Papa John’s International by 370.5% in the first quarter. Wellington Management Group LLP now owns 1,270,817 shares of the company’s stock worth $68,866,000 after buying an additional 1,000,709 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Papa John’s International by 13.6% in the first quarter. Renaissance Technologies LLC now owns 1,219,568 shares of the company’s stock worth $66,088,000 after buying an additional 146,168 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Papa John’s International by 21.5% in the second quarter. JPMorgan Chase & Co. now owns 1,010,633 shares of the company’s stock worth $68,723,000 after buying an additional 178,700 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Papa John’s International by 10.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 791,582 shares of the company’s stock worth $42,896,000 after buying an additional 74,962 shares during the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

About Papa John’s International

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

5 Day Chart for NASDAQ:PZZA

Receive News & Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.