Papa John’s Int’l (PZZA) Stock Rating Upgraded by BidaskClub

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Papa John’s Int’l (NASDAQ:PZZA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other analysts have also recently issued research reports about the stock. Longbow Research boosted their target price on shares of Papa John’s Int’l from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, October 15th. Stifel Nicolaus boosted their target price on shares of Papa John’s Int’l from $38.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research reaffirmed a “hold” rating on shares of Papa John’s Int’l in a research note on Wednesday, November 14th. ValuEngine cut shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Finally, Citigroup lifted their price target on shares of Papa John’s Int’l from $51.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $59.17.

NASDAQ PZZA opened at $42.48 on Wednesday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 2.22 and a beta of 0.43. Papa John’s Int’l has a fifty-two week low of $38.05 and a fifty-two week high of $69.45.

Papa John’s Int’l (NASDAQ:PZZA) last posted its earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The company had revenue of $364.01 million for the quarter, compared to the consensus estimate of $390.62 million. Papa John’s Int’l had a negative return on equity of 27.98% and a net margin of 2.64%. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, sell-side analysts expect that Papa John’s Int’l will post 1.48 EPS for the current year.

Several large investors have recently modified their holdings of the company. Credit Suisse AG lifted its holdings in shares of Papa John’s Int’l by 1,565.4% during the third quarter. Credit Suisse AG now owns 563,736 shares of the company’s stock worth $28,909,000 after purchasing an additional 529,887 shares during the period. FIL Ltd acquired a new position in Papa John’s Int’l in the third quarter valued at $24,598,000. Point72 Asset Management L.P. lifted its holdings in Papa John’s Int’l by 34.5% in the third quarter. Point72 Asset Management L.P. now owns 395,419 shares of the company’s stock valued at $20,277,000 after buying an additional 101,376 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Papa John’s Int’l by 231.7% in the third quarter. Canada Pension Plan Investment Board now owns 222,900 shares of the company’s stock valued at $11,430,000 after buying an additional 155,700 shares during the period. Finally, Litespeed Management L.L.C. acquired a new position in Papa John’s Int’l in the third quarter valued at $10,317,000. Institutional investors own 80.46% of the company’s stock.

Papa John’s Int’l Company Profile

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

Read More: How liquidity affects the bid-ask spread

Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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