Jefferies Group LLC reissued their hold rating on shares of Papa John’s International, Inc. (NASDAQ:PZZA) in a research report released on Friday. The firm currently has a $65.00 price target on the stock. Jefferies Group also issued estimates for Papa John’s International’s Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $2.75 EPS, Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.78 EPS and FY2018 earnings at $2.90 EPS.

A number of other research analysts also recently weighed in on PZZA. TheStreet downgraded shares of Papa John’s International from a b rating to a c+ rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of Papa John’s International from a buy rating to a hold rating in a research report on Tuesday, September 26th. Nomura lowered their price objective on shares of Papa John’s International from $78.00 to $71.00 and set a neutral rating on the stock in a research report on Friday, October 27th. BTIG Research downgraded shares of Papa John’s International from a buy rating to a neutral rating in a research report on Wednesday. Finally, Stephens increased their price objective on shares of Papa John’s International from $90.00 to $95.00 and gave the company an overweight rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Papa John’s International has an average rating of Hold and a consensus target price of $79.56.

Shares of Papa John’s International (PZZA) traded down $1.55 during trading on Friday, reaching $61.47. 971,693 shares of the company were exchanged, compared to its average volume of 874,744. The company has a market capitalization of $2,154.03, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.73 and a beta of 0.47. Papa John’s International has a 12 month low of $59.36 and a 12 month high of $90.49. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of -8.26.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. equities research analysts predict that Papa John’s International will post 2.76 earnings per share for the current fiscal year.

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Papa John’s International declared that its board has authorized a stock buyback program on Tuesday, August 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 198% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.90 annualized dividend and a yield of 1.46%. Papa John’s International’s payout ratio is presently 31.03%.

In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $75.08, for a total value of $692,087.44. Following the transaction, the senior vice president now directly owns 35,650 shares in the company, valued at $2,676,602. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.70% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in PZZA. UBS Asset Management Americas Inc. raised its position in shares of Papa John’s International by 44.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,862 shares of the company’s stock valued at $1,270,000 after purchasing an additional 4,846 shares during the period. Teachers Advisors LLC raised its position in shares of Papa John’s International by 11.7% during the 1st quarter. Teachers Advisors LLC now owns 88,441 shares of the company’s stock valued at $7,079,000 after purchasing an additional 9,289 shares during the period. Legal & General Group Plc raised its position in shares of Papa John’s International by 23.0% during the 1st quarter. Legal & General Group Plc now owns 17,229 shares of the company’s stock valued at $1,378,000 after purchasing an additional 3,217 shares during the period. Vanguard Group Inc. raised its position in shares of Papa John’s International by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock valued at $190,402,000 after purchasing an additional 160,913 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Papa John’s International by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 224,484 shares of the company’s stock valued at $17,966,000 after purchasing an additional 10,267 shares during the period. Hedge funds and other institutional investors own 84.18% of the company’s stock.

Papa John’s International Company Profile

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

Analyst Recommendations for Papa John`s International (NASDAQ:PZZA)

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