Papa John’s Int’l, Inc. (NASDAQ:PZZA) Given Consensus Rating of “Hold” by Brokerages

Papa John’s Int’l, Inc. (NASDAQ:PZZA) has received an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $54.83.

PZZA has been the subject of several research analyst reports. Citigroup decreased their price objective 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. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating and upped their price objective for the company from $35.00 to $45.00 in a research note on Wednesday, March 27th. BidaskClub downgraded shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Credit Suisse Group initiated coverage on shares of Papa John’s Int’l in a research note on Tuesday. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, ValuEngine upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th.

Shares of PZZA stock opened at $44.72 on Friday. The stock’s fifty day moving average price is $48.29. The firm has a market capitalization of $1.42 billion, a P/E ratio of 33.37, a P/E/G ratio of 3.02 and a beta of 0.53. Papa John’s Int’l has a 12 month low of $38.05 and a 12 month high of $60.56.

Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.52 earnings per share. Papa John’s Int’l’s revenue for the quarter was down 11.5% on a year-over-year basis. As a group, analysts forecast that Papa John’s Int’l will post 1.13 earnings per share for the current year.

In other news, major shareholder John H. Schnatter sold 114,061 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.69, for a total value of $6,009,874.09. Following the completion of the sale, the insider now directly owns 9,239,507 shares of the company’s stock, valued at $486,829,623.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder John H. Schnatter sold 3,451,413 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $45.63, for a total transaction of $157,487,975.19. Following the completion of the sale, the insider now directly owns 5,509,583 shares of the company’s stock, valued at $251,402,272.29. The disclosure for this sale can be found here. Insiders sold 3,765,557 shares of company stock valued at $173,644,058 over the last ninety days. Corporate insiders own 43.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in shares of Papa John’s Int’l in the first quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new position in Papa John’s Int’l during the first quarter worth about $32,000. Freestone Capital Holdings LLC purchased a new position in Papa John’s Int’l during the fourth quarter worth about $800,000. PNC Financial Services Group Inc. raised its holdings in Papa John’s Int’l by 140.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after purchasing an additional 650 shares in the last quarter. Finally, St. Johns Investment Management Company LLC purchased a new position in Papa John’s Int’l during the first quarter worth about $61,000. 94.19% of the stock is owned by institutional investors and hedge funds.

About Papa John’s Int’l

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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