Papa John’s Int’l (NASDAQ:PZZA) had its target price upped by equities research analysts at Stifel Nicolaus from $38.00 to $48.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 11.13% from the company’s current price.

PZZA has been the subject of several other reports. ValuEngine lowered shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Bank of America upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a report on Monday, August 27th. Citigroup lowered their target price on shares of Papa John’s Int’l from $62.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, August 22nd. Jefferies Financial Group upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, August 1st. Finally, Stephens reiterated a “buy” rating and set a $60.00 target price on shares of Papa John’s Int’l in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Papa John’s Int’l has an average rating of “Hold” and an average target price of $60.67.

Shares of PZZA opened at $54.01 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of -2.22. Papa John’s Int’l has a one year low of $38.05 and a one year high of $72.14. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.72 and a beta of 0.44.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). Papa John’s Int’l had a negative return on equity of 47.37% and a net margin of 4.54%. The company had revenue of $407.96 million during the quarter, compared to analysts’ expectations of $418.30 million. Sell-side analysts predict that Papa John’s Int’l will post 1.51 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of Papa John’s Int’l by 10.9% during the first quarter. BNP Paribas Arbitrage SA now owns 12,787 shares of the company’s stock valued at $733,000 after acquiring an additional 1,257 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Papa John’s Int’l by 16.5% during the second quarter. OppenheimerFunds Inc. now owns 10,348 shares of the company’s stock valued at $525,000 after acquiring an additional 1,468 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Papa John’s Int’l by 49.6% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,010 shares of the company’s stock valued at $287,000 after acquiring an additional 1,660 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Papa John’s Int’l by 2.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 128,053 shares of the company’s stock valued at $7,338,000 after acquiring an additional 2,785 shares in the last quarter. Finally, Tyvor Capital LLC bought a new stake in shares of Papa John’s Int’l during the second quarter valued at approximately $142,000. 82.64% of the stock is owned by institutional investors.

About Papa John’s Int’l

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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

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