BidaskClub upgraded shares of Papa John’s Int’l (NASDAQ:PZZA) from a hold rating to a buy rating in a report released on Thursday, BidAskClub reports.

A number of other equities analysts also recently commented on PZZA. MKM Partners started coverage on Papa John’s Int’l in a research report on Tuesday, August 13th. They set a buy rating and a $55.00 price objective on the stock. Stifel Nicolaus upgraded Papa John’s Int’l from a hold rating to a buy rating and lifted their price objective for the stock from $42.00 to $60.00 in a research report on Wednesday, August 28th. Northcoast Research assumed coverage on Papa John’s Int’l in a research report on Wednesday, September 4th. They set a buy rating and a $70.00 price objective on the stock. Credit Suisse Group upgraded Papa John’s Int’l from a neutral rating to an outperform rating and lifted their target price for the company from $45.00 to $56.00 in a research report on Thursday, September 5th. Finally, BTIG Research upgraded Papa John’s Int’l from a neutral rating to a buy rating and set a $54.00 target price on the stock in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $59.25.

Papa John’s Int’l stock traded up $0.20 during trading on Thursday, reaching $52.24. 64,983 shares of the company were exchanged, compared to its average volume of 1,243,505. Papa John’s Int’l has a 52-week low of $38.29 and a 52-week high of $60.56. The company has a market capitalization of $1.64 billion, a P/E ratio of 38.99, a PEG ratio of 3.68 and a beta of 0.41. The stock’s 50 day simple moving average is $46.17 and its two-hundred day simple moving average is $47.57.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.06. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The firm had revenue of $399.62 million for the quarter, compared to the consensus estimate of $394.39 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts predict that Papa John’s Int’l will post 1.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.90 dividend on an annualized basis and a yield of 1.72%. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.

In related news, major shareholder John H. Schnatter sold 475,861 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $43.22, for a total value of $20,566,712.42. Following the sale, the insider now owns 4,785,682 shares in the company, valued at approximately $206,837,176.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder John H. Schnatter sold 100,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $42.80, for a total value of $4,280,000.00. Following the completion of the sale, the insider now owns 5,409,583 shares in the company, valued at approximately $231,530,152.40. The disclosure for this sale can be found here. 43.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Papa John’s Int’l by 9.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,048 shares of the company’s stock valued at $137,000 after buying an additional 251 shares during the period. Private Capital Group LLC purchased a new stake in shares of Papa John’s Int’l in the 2nd quarter valued at $34,000. Nuveen Asset Management LLC raised its holdings in shares of Papa John’s Int’l by 311.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 209,160 shares of the company’s stock valued at $9,354,000 after buying an additional 158,278 shares during the period. CSat Investment Advisory L.P. raised its holdings in shares of Papa John’s Int’l by 12.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 8,405 shares of the company’s stock valued at $376,000 after buying an additional 947 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Papa John’s Int’l by 1,209.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,482 shares of the company’s stock valued at $961,000 after buying an additional 19,842 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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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