Papa Johns International (NASDAQ:PZZA) Price Target Increased to $71.00 by Analysts at Bank of America

Papa Johns International (NASDAQ:PZZA) had its price target upped by Bank of America from $66.00 to $71.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

PZZA has been the subject of several other research reports. Piper Sandler decreased their target price on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Wedbush restated an “outperform” rating and issued a $51.00 price target on shares of Papa Johns International in a research report on Friday, August 23rd. UBS Group dropped their price objective on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Stifel Nicolaus decreased their target price on Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Papa Johns International currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Papa Johns International Price Performance

PZZA opened at $52.01 on Tuesday. Papa Johns International has a 12-month low of $39.90 and a 12-month high of $78.67. The stock has a market capitalization of $1.70 billion, a PE ratio of 25.00, a P/E/G ratio of 3.36 and a beta of 1.20. The firm’s fifty day moving average price is $49.68 and its 200 day moving average price is $49.88.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. The business had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. On average, equities research analysts forecast that Papa Johns International will post 2.27 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.84 annualized dividend and a dividend yield of 3.54%. Papa Johns International’s dividend payout ratio is presently 88.46%.

Institutional Trading of Papa Johns International

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Papa Johns International by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after purchasing an additional 166,246 shares in the last quarter. Earnest Partners LLC lifted its holdings in Papa Johns International by 25.9% in the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after purchasing an additional 446,477 shares during the period. 1832 Asset Management L.P. bought a new position in Papa Johns International in the 2nd quarter valued at about $93,586,000. Sei Investments Co. increased its stake in Papa Johns International by 30.2% during the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after buying an additional 281,399 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Papa Johns International by 4.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after buying an additional 40,996 shares in the last quarter.

About Papa Johns International

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.