Loop Capital Cuts Papa Johns International (NASDAQ:PZZA) Price Target to $60.00

Papa Johns International (NASDAQ:PZZA) had its price target lowered by stock analysts at Loop Capital from $73.00 to $60.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target points to a potential upside of 66.65% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Bank of America upped their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research note on Monday, January 13th. UBS Group lowered their price target on Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.83.

Papa Johns International Stock Down 0.0 %

PZZA traded down $0.01 during trading on Tuesday, reaching $36.00. The company’s stock had a trading volume of 144,378 shares, compared to its average volume of 1,562,432. The firm has a fifty day simple moving average of $43.93 and a two-hundred day simple moving average of $46.73. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.68 and a beta of 1.19. Papa Johns International has a 1 year low of $35.28 and a 1 year high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, equities analysts forecast that Papa Johns International will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Papa Johns International

Several large investors have recently bought and sold shares of PZZA. Signaturefd LLC boosted its position in shares of Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Papa Johns International in the third quarter valued at approximately $42,000. US Bancorp DE increased its stake in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the last quarter. CWM LLC raised its holdings in Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after purchasing an additional 365 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Papa Johns International during the third quarter worth approximately $156,000.

Papa Johns International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.