Papa John’s International, Inc. (NASDAQ:PZZA) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts also recently commented on PZZA. Nomura lowered their price target on Papa John’s International from $78.00 to $71.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BTIG Research cut Papa John’s International from a “buy” rating to a “neutral” rating in a research report on Wednesday. Stephens increased their price objective on 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. Finally, Stifel Nicolaus initiated coverage on Papa John’s International in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.11.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Papa John’s International had a net margin of 6.12% and a return on equity of 546.41%. The company had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

Papa John’s International announced that its board has authorized a stock repurchase plan on Tuesday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 198% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This story was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/papa-johns-international-inc-pzza-rating-lowered-to-c-at-thestreet/1674005.html.

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

A number of hedge funds have recently modified their holdings of PZZA. Flinton Capital Management LLC lifted its position in Papa John’s International by 76.9% in the second quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock worth $132,000 after purchasing an additional 800 shares during the period. Victory Capital Management Inc. lifted its position in Papa John’s International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock worth $185,000 after purchasing an additional 386 shares during the period. Trexquant Investment LP bought a new position in Papa John’s International in the second quarter worth $201,000. Riverhead Capital Management LLC lifted its position in Papa John’s International by 87.3% in the second quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock worth $215,000 after purchasing an additional 1,396 shares during the period. Finally, LS Investment Advisors LLC lifted its position in Papa John’s International by 11.5% in the second quarter. LS Investment Advisors LLC now owns 3,047 shares of the company’s stock worth $219,000 after purchasing an additional 315 shares during the period. 84.18% of the stock is owned by hedge funds and other institutional investors.

About Papa John’s International

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)

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.