Stifel Nicolaus Has Lowered Expectations for Papa Johns International (NASDAQ:PZZA) Stock Price

Papa Johns International (NASDAQ:PZZA) had its price target lowered by research analysts at Stifel Nicolaus from $40.00 to $38.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 24.57% from the company’s previous close.

A number of other research analysts also recently issued reports on PZZA. Loop Capital cut their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. UBS Group cut their target price on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Stephens reissued an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, February 27th. Jefferies Financial Group cut their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.08.

Papa Johns International Stock Down 1.6 %

Shares of NASDAQ PZZA traded down $0.51 during midday trading on Tuesday, reaching $30.51. 235,915 shares of the company’s stock traded hands, compared to its average volume of 1,230,984. The company has a market cap of $997.79 million, a price-to-earnings ratio of 10.63, a P/E/G ratio of 2.41 and a beta of 1.25. The stock’s 50 day simple moving average is $42.79 and its 200-day simple moving average is $45.03. Papa Johns International has a one year low of $30.31 and a one year high of $64.67.

Institutional Investors Weigh In On Papa Johns International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its holdings in Papa Johns International by 300.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after buying an additional 450 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Papa Johns International in the fourth quarter worth $30,000. Jones Financial Companies Lllp raised its holdings in shares of Papa Johns International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after purchasing an additional 717 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Papa Johns International during the fourth quarter valued at $58,000. Finally, GAMMA Investing LLC boosted its holdings in Papa Johns International by 506.3% in the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company’s stock valued at $87,000 after purchasing an additional 1,772 shares during the last quarter.

Papa Johns International Company Profile

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.