Stephens Boosts Papa John’s Int’l (NASDAQ:PZZA) Price Target to $94.00

Papa John’s Int’l (NASDAQ:PZZA) had its price target raised by Stephens from $83.00 to $94.00 in a report issued on Friday morning, The Fly reports.

Several other brokerages also recently issued reports on PZZA. UBS Group upped their price objective on shares of Papa John’s Int’l from $67.00 to $78.00 and gave the company a neutral rating in a research note on Thursday, May 7th. BidaskClub downgraded shares of Papa John’s Int’l from a buy rating to a hold rating in a research note on Wednesday, June 10th. Deutsche Bank upped their price objective on shares of Papa John’s Int’l from $59.00 to $67.00 and gave the company a hold rating in a research note on Wednesday, May 6th. MKM Partners upped their price objective on shares of Papa John’s Int’l from $70.00 to $72.00 and gave the company a neutral rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus reissued a buy rating and set a $95.00 price objective on shares of Papa John’s Int’l in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Papa John’s Int’l currently has an average rating of Buy and an average target price of $80.07.

Shares of NASDAQ PZZA opened at $78.38 on Friday. Papa John’s Int’l has a 12-month low of $28.55 and a 12-month high of $85.00. The company has a market capitalization of $2.57 billion, a PE ratio of 3,919.00, a price-to-earnings-growth ratio of 7.87 and a beta of 0.92. The firm’s 50-day moving average is $79.89 and its two-hundred day moving average is $66.69.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.25). Papa John’s Int’l had a net margin of 0.92% and a negative return on equity of 14.40%. The business had revenue of $409.86 million during the quarter, compared to analysts’ expectations of $413.61 million. During the same period last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that Papa John’s Int’l will post 1.26 earnings per share for the current fiscal year.

In related news, COO Jack H. Swaysland sold 1,420 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $82.07, for a total transaction of $116,539.40. Following the completion of the transaction, the chief operating officer now owns 20,030 shares of the company’s stock, valued at $1,643,862.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.58% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PZZA. Alliancebernstein L.P. increased its position in shares of Papa John’s Int’l by 17.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,423,576 shares of the company’s stock worth $216,199,000 after acquiring an additional 502,928 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Papa John’s Int’l by 70.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 838,896 shares of the company’s stock worth $52,976,000 after acquiring an additional 347,476 shares in the last quarter. Norges Bank acquired a new stake in shares of Papa John’s Int’l in the fourth quarter worth $17,975,000. Maverick Capital Ltd. increased its position in shares of Papa John’s Int’l by 843.2% in the fourth quarter. Maverick Capital Ltd. now owns 229,467 shares of the company’s stock worth $14,491,000 after acquiring an additional 205,138 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Papa John’s Int’l by 65.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 492,841 shares of the company’s stock worth $31,123,000 after acquiring an additional 194,116 shares in the last quarter.

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 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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