Wedbush Reaffirms Outperform Rating for Papa Johns International (NASDAQ:PZZA)

Papa Johns International (NASDAQ:PZZA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $60.00 target price on the stock. Wedbush’s price objective would indicate a potential upside of 63.89% from the company’s current price. Wedbush also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $2.10 EPS and Q1 2025 earnings at $0.60 EPS.

PZZA has been the topic of a number of other research reports. UBS Group cut their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Stephens restated an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a report on Monday. Bank of America boosted their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.33.

Papa Johns International Price Performance

Shares of NASDAQ PZZA opened at $36.61 on Wednesday. Papa Johns International has a one year low of $35.50 and a one year high of $78.67. The business’s 50-day moving average price is $44.66 and its two-hundred day moving average price is $46.84. The company has a market capitalization of $1.20 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. On average, equities analysts anticipate that Papa Johns International will post 2.21 EPS for the current year.

Hedge Funds Weigh In On Papa Johns International

Several large investors have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the third quarter worth about $42,000. US Bancorp DE increased its stake in Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares during the period. CWM LLC raised its holdings in Papa Johns International by 27.5% in the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after acquiring an additional 365 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Papa Johns International in the 3rd quarter worth approximately $156,000.

About Papa Johns International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.