Papa John’s Int’l (NASDAQ:PZZA) had its price objective raised by Citigroup from $55.00 to $60.00 in a research report sent to investors on Wednesday morning, The Fly reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Papa John’s Int’l from a hold rating to a buy rating in a report on Friday, May 10th. ValuEngine raised shares of Papa John’s Int’l from a hold rating to a buy rating in a report on Tuesday, May 7th. Stifel Nicolaus raised shares of Papa John’s Int’l from a sell rating to a hold rating and upped their price target for the company from $35.00 to $45.00 in a report on Wednesday, March 27th. Finally, Stephens upped their price target on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Papa John’s Int’l currently has an average rating of Buy and a consensus price target of $56.80.

Shares of NASDAQ:PZZA traded down $0.15 during midday trading on Wednesday, hitting $50.00. The stock had a trading volume of 23,323 shares, compared to its average volume of 1,052,401. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 3.70 and a beta of 0.51. Papa John’s Int’l has a 1 year low of $38.05 and a 1 year high of $60.56.

Papa John’s Int’l (NASDAQ:PZZA) last issued its earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The business had revenue of $398.41 million for the quarter, compared to the consensus estimate of $384.67 million. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, sell-side analysts forecast that Papa John’s Int’l will post 1.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.80%. Papa John’s Int’l’s dividend payout ratio (DPR) is 67.16%.

In other news, major shareholder John H. Schnatter sold 114,061 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.69, for a total transaction of $6,009,874.09. Following the completion of the transaction, the insider now owns 9,239,507 shares in the company, valued at $486,829,623.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 43.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in PZZA. LPL Financial LLC bought a new stake in Papa John’s Int’l in the 3rd quarter valued at approximately $261,000. Suntrust Banks Inc. acquired a new position in Papa John’s Int’l in the fourth quarter worth approximately $222,000. Garnet Equity Capital Holdings Inc. acquired a new position in Papa John’s Int’l in the first quarter worth approximately $4,236,000. BlackRock Inc. increased its holdings in Papa John’s Int’l by 2.1% in the fourth quarter. BlackRock Inc. now owns 2,567,032 shares of the company’s stock worth $102,193,000 after buying an additional 53,033 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Papa John’s Int’l by 74.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,755 shares of the company’s stock worth $508,000 after buying an additional 5,438 shares during the last quarter. Institutional investors and hedge funds own 78.45% of the company’s stock.

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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The Fly

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

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