Papa John’s Int’l (NASDAQ:PZZA) Hits New 52-Week High at $65.69

Papa John’s Int’l, Inc. (NASDAQ:PZZA) hit a new 52-week high during trading on Friday . The company traded as high as $65.69 and last traded at $65.24, with a volume of 28896 shares trading hands. The stock had previously closed at $65.24.

A number of brokerages have weighed in on PZZA. MKM Partners cut Papa John’s Int’l from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $50.00 in a research report on Thursday, November 7th. Deutsche Bank began coverage on Papa John’s Int’l in a research report on Friday, December 13th. They issued a “hold” rating and a $59.00 price target on the stock. CL King began coverage on Papa John’s Int’l in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $65.00 price target on the stock. BTIG Research upped their price target on Papa John’s Int’l from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, UBS Group began coverage on Papa John’s Int’l in a research report on Friday, January 10th. They issued a “neutral” rating and a $67.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Papa John’s Int’l has a consensus rating of “Buy” and a consensus target price of $62.55.

The firm has a fifty day moving average price of $62.81 and a 200 day moving average price of $54.01. The company has a market cap of $2.09 billion, a P/E ratio of 48.69, a PEG ratio of 4.57 and a beta of 0.41.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $403.71 million for the quarter, compared to the consensus estimate of $384.54 million. Papa John’s Int’l had a negative return on equity of 12.34% and a negative net margin of 0.43%. Papa John’s Int’l’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, sell-side analysts forecast that Papa John’s Int’l, Inc. will post 1.12 EPS for the current year.

In other news, insider Caroline Miller Oyler sold 4,775 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $62.00, for a total transaction of $296,050.00. Following the transaction, the insider now owns 34,198 shares of the company’s stock, valued at $2,120,276. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $57.58, for a total value of $5,758,000.00. Following the transaction, the insider now directly owns 4,789,682 shares in the company, valued at approximately $275,789,889.56. The disclosure for this sale can be found here. Insiders have sold 2,200,552 shares of company stock worth $125,434,817 in the last 90 days. Company insiders own 43.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Covington Capital Management lifted its stake in shares of Papa John’s Int’l by 560.6% during the third quarter. Covington Capital Management now owns 1,156 shares of the company’s stock valued at $61,000 after acquiring an additional 981 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Papa John’s Int’l by 571.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,315 shares of the company’s stock valued at $121,000 after acquiring an additional 1,970 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Papa John’s Int’l during the third quarter valued at $1,638,000. Symons Capital Management Inc. acquired a new position in shares of Papa John’s Int’l during the third quarter valued at $215,000. Finally, Circle Wealth Management LLC acquired a new position in shares of Papa John’s Int’l during the third quarter valued at $542,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Papa John’s Int’l Company Profile (NASDAQ:PZZA)

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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