MKM Partners began coverage on shares of Papa John’s Int’l (NASDAQ:PZZA) in a report released on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $55.00 target price on the stock.

Several other analysts have also commented on PZZA. Stephens raised their target price on Papa John’s Int’l from $55.00 to $60.00 and gave the stock an overweight rating in a report on Wednesday, May 8th. Credit Suisse Group assumed coverage on Papa John’s Int’l in a report on Tuesday, June 25th. They set a neutral rating and a $45.00 target price on the stock. ValuEngine lowered Papa John’s Int’l from a buy rating to a hold rating in a report on Thursday, August 1st. Citigroup raised their target price on Papa John’s Int’l from $55.00 to $60.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Finally, BidaskClub raised Papa John’s Int’l from a sell rating to a hold rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $54.00.

Shares of NASDAQ:PZZA opened at $42.79 on Tuesday. Papa John’s Int’l has a 52-week low of $38.29 and a 52-week high of $60.56. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 3.24 and a beta of 0.43. The business has a 50-day moving average price of $45.28 and a 200-day moving average price of $47.05.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The firm had revenue of $399.62 million during the quarter, compared to analysts’ expectations of $394.39 million. During the same period last year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. Research analysts expect that Papa John’s Int’l will post 1.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, August 9th. Papa John’s Int’l’s dividend payout ratio (DPR) is 67.16%.

In other Papa John’s Int’l news, Director Anthony Michael Sanfilippo acquired 2,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $47.09 per share, with a total value of $94,180.00. Following the completion of the acquisition, the director now owns 3,654 shares in the company, valued at $172,066.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John H. Schnatter sold 3,451,413 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $45.63, for a total value of $157,487,975.19. Following the completion of the sale, the insider now directly owns 5,509,583 shares in the company, valued at $251,402,272.29. The disclosure for this sale can be found here. 43.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Papa John’s Int’l by 7,011.9% during the 4th quarter. Bank of America Corp DE now owns 50,733 shares of the company’s stock valued at $2,020,000 after acquiring an additional 51,467 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Papa John’s Int’l during the 4th quarter valued at $219,000. Legal & General Group Plc lifted its position in shares of Papa John’s Int’l by 1.6% during the 4th quarter. Legal & General Group Plc now owns 22,916 shares of the company’s stock valued at $913,000 after acquiring an additional 359 shares during the period. Norges Bank acquired a new position in shares of Papa John’s Int’l during the 4th quarter valued at $10,544,000. Finally, Retirement Systems of Alabama lifted its position in shares of Papa John’s Int’l by 0.9% during the 1st quarter. Retirement Systems of Alabama now owns 29,297 shares of the company’s stock valued at $1,551,000 after acquiring an additional 260 shares during the period. 93.40% of the stock is currently owned by institutional investors.

Papa John’s Int’l Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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

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