BTIG Research reissued their buy rating on shares of Papa John’s International, Inc. (NASDAQ:PZZA) in a report released on Tuesday morning. They currently have a $100.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Papa John’s International from a hold rating to a buy rating and set a $88.00 price target on the stock in a research report on Friday, August 18th. Jefferies Group LLC reissued a hold rating and set a $83.00 price target on shares of Papa John’s International in a research report on Friday, July 14th. Stephens boosted their price target on shares of Papa John’s International from $90.00 to $95.00 and gave the stock an overweight rating in a research report on Wednesday, August 2nd. Instinet reissued a neutral rating and set a $78.00 price target (down from $84.00) on shares of Papa John’s International in a research report on Monday, July 31st. Finally, Longbow Research reissued a buy rating and set a $95.00 price target on shares of Papa John’s International in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $89.83.

Shares of Papa John’s International (PZZA) opened at 76.14 on Tuesday. Papa John’s International has a 12 month low of $70.73 and a 12 month high of $90.49. The stock has a 50 day moving average price of $76.43 and a 200-day moving average price of $78.30. The stock has a market cap of $2.77 billion, a P/E ratio of 26.52 and a beta of 0.51.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The business had revenue of $434.78 million for the quarter, compared to analysts’ expectations of $438.51 million. During the same period in the previous year, the firm posted $0.61 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts forecast that Papa John’s International will post $2.86 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a dividend yield of 1.18%. Papa John’s International’s payout ratio is currently 31.36%.

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

In other news, SVP Timothy C. Ohern sold 6,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $81.79, for a total transaction of $490,740.00. Following the transaction, the senior vice president now directly owns 36,020 shares in the company, valued at approximately $2,946,075.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC raised its position in Papa John’s International by 20.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock valued at $114,000 after buying an additional 242 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Papa John’s International by 20.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock valued at $146,000 after buying an additional 308 shares in the last quarter. Flinton Capital Management LLC raised 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 valued at $132,000 after buying an additional 800 shares in the last quarter. Fifth Third Bancorp raised its position in Papa John’s International by 11.3% in the first quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock valued at $169,000 after buying an additional 215 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Papa John’s International by 55.0% in the first quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock valued at $175,000 after buying an additional 776 shares in the last quarter. Institutional investors own 83.77% 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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