Papa John’s Int’l (NASDAQ:PZZA) Research Coverage Started at Loop Capital

Investment analysts at Loop Capital assumed coverage on shares of Papa John’s Int’l (NASDAQ:PZZA) in a report issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price objective on shares of Papa John’s Int’l in a research report on Monday, June 15th. Stephens upped their price target on shares of Papa John’s Int’l from $94.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Credit Suisse Group raised their price objective on shares of Papa John’s Int’l from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. CL King lifted their price objective on Papa John’s Int’l from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. They noted that the move was a valuation call. Finally, BTIG Research increased their target price on Papa John’s Int’l from $95.00 to $115.00 in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.60.

Shares of NASDAQ PZZA traded up $1.05 during midday trading on Thursday, hitting $83.33. The company had a trading volume of 762,265 shares, compared to its average volume of 817,723. The business has a 50-day simple moving average of $91.71 and a two-hundred day simple moving average of $79.66. Papa John’s Int’l has a twelve month low of $28.55 and a twelve month high of $102.25. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 238.09, a price-to-earnings-growth ratio of 7.95 and a beta of 0.97.

Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The business had revenue of $460.62 million for the quarter, compared to analysts’ expectations of $467.47 million. Papa John’s Int’l had a negative return on equity of 15.73% and a net margin of 1.32%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Research analysts forecast that Papa John’s Int’l will post 1.44 earnings per share for the current fiscal year.

In other Papa John’s Int’l news, COO Jack H. Swaysland sold 19,802 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $96.27, for a total transaction of $1,906,338.54. Also, VP Steven R. Coke sold 2,750 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $97.06, for a total transaction of $266,915.00. 17.58% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in PZZA. Signaturefd LLC raised its position in Papa John’s Int’l by 300.0% in the second quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Private Advisor Group LLC acquired a new position in Papa John’s Int’l in the second quarter worth about $83,000. FMR LLC raised its stake in Papa John’s Int’l by 710.7% during the second quarter. FMR LLC now owns 1,289 shares of the company’s stock valued at $102,000 after buying an additional 1,130 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Papa John’s Int’l by 153.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Papa John’s Int’l in the 1st quarter worth approximately $138,000.

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.

Further Reading: Special Dividends

The Fly

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

Receive News & Ratings for Papa John's Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's Int'l and related companies with MarketBeat.com's FREE daily email newsletter.