Papa Johns International, Inc. (NASDAQ:PZZA) Receives $53.00 Average Price Target from Analysts

Papa Johns International, Inc. (NASDAQ:PZZA) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $53.00.

Several brokerages recently commented on PZZA. UBS Group dropped their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Friday, February 28th. Loop Capital decreased their price objective on shares of Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Jefferies Financial Group lowered their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus cut their price objective on shares of Papa Johns International from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th.

Papa Johns International Stock Performance

PZZA opened at $33.48 on Wednesday. Papa Johns International has a 1 year low of $30.16 and a 1 year high of $64.06. The firm has a 50 day moving average price of $40.47 and a 200 day moving average price of $43.81. The company has a market cap of $1.10 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Papa Johns International by 117.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company’s stock valued at $2,040,000 after acquiring an additional 26,505 shares in the last quarter. Bessemer Group Inc. raised its stake in Papa Johns International by 2,758.7% during the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company’s stock valued at $88,000 after purchasing an additional 2,069 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Papa Johns International in the first quarter valued at $509,000. Exchange Traded Concepts LLC acquired a new stake in shares of Papa Johns International in the first quarter worth $230,000. Finally, GAMMA Investing LLC grew its holdings in shares of Papa Johns International by 506.3% during the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company’s stock valued at $87,000 after buying an additional 1,772 shares in the last quarter.

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.