Papa John’s Int’l (NASDAQ:PZZA) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Papa John’s Int’l (NASDAQ:PZZA) from a hold rating to a buy rating in a report published on Tuesday, May 7th, ValuEngine reports.

A number of other research firms also recently issued reports on PZZA. BidaskClub raised shares of Papa John’s Int’l from a hold rating to a buy rating in a report on Saturday, March 16th. Stifel Nicolaus raised shares of Papa John’s Int’l from a sell rating to a hold rating and boosted their price target for the stock from $35.00 to $45.00 in a research note on Wednesday, March 27th. Finally, Citigroup lowered their price target on shares of Papa John’s Int’l from $64.00 to $55.00 and set a buy rating for the company in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $56.80.

NASDAQ:PZZA traded up $0.78 during trading hours on Tuesday, hitting $48.47. The stock had a trading volume of 920,749 shares, compared to its average volume of 1,042,351. Papa John’s Int’l has a one year low of $38.05 and a one year high of $60.56. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 3.38 and a beta of 0.51.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The company had revenue of $398.41 million during the quarter, compared to the consensus estimate of $384.67 million. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue was down 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Papa John’s Int’l will post 1.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, May 10th. Papa John’s Int’l’s payout ratio is 67.16%.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 200,083 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $50.71, for a total value of $10,146,208.93. Following the transaction, the insider now owns 9,196,724 shares in the company, valued at $466,365,874.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder John H. Schnatter sold 114,061 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.69, for a total transaction of $6,009,874.09. Following the transaction, the insider now owns 9,239,507 shares in the company, valued at approximately $486,829,623.83. The disclosure for this sale can be found here. Insiders sold 3,765,557 shares of company stock worth $173,644,058 in the last 90 days. Corporate insiders own 43.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jackson Square Partners LLC purchased a new stake in Papa John’s Int’l in the first quarter worth about $121,272,000. FIL Ltd grew its holdings in Papa John’s Int’l by 267.1% in the first quarter. FIL Ltd now owns 1,270,298 shares of the company’s stock worth $67,262,000 after purchasing an additional 924,298 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Papa John’s Int’l in the fourth quarter worth about $25,698,000. SEI Investments Co grew its holdings in Papa John’s Int’l by 5,923.7% in the first quarter. SEI Investments Co now owns 475,754 shares of the company’s stock worth $25,191,000 after purchasing an additional 467,856 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Papa John’s Int’l by 106,517.1% in the first quarter. BNP Paribas Arbitrage SA now owns 429,667 shares of the company’s stock worth $22,751,000 after purchasing an additional 429,264 shares during the period. Institutional investors own 94.19% 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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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

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