Wedbush Reaffirms “Outperform” Rating for Papa Johns International (NASDAQ:PZZA)

Papa Johns International (NASDAQ:PZZA)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $60.00 price target on the stock. Wedbush’s price objective points to a potential upside of 8.05% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. UBS Group decreased their price objective on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America boosted 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 decreased their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, BMO Capital Markets decreased their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Papa Johns International presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Papa Johns International Stock Performance

Shares of Papa Johns International stock opened at $55.53 on Friday. The stock has a market capitalization of $1.81 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.53 and a beta of 1.19. Papa Johns International has a 52-week low of $39.90 and a 52-week high of $78.67. The company has a 50-day simple moving average of $51.37 and a two-hundred day simple moving average of $49.33.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.08. The business had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. As a group, equities research analysts forecast that Papa Johns International will post 2.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Papa Johns International

Hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC bought a new position in shares of Papa Johns International in the third quarter worth approximately $42,000. CWM LLC boosted its position in shares of Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after purchasing an additional 525 shares during the period. US Bancorp DE boosted its position in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International in the third quarter worth approximately $156,000.

Papa Johns International 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.