Papa Johns International (NASDAQ:PZZA) Price Target Lowered to $50.00 at KeyCorp

Papa Johns International (NASDAQ:PZZA) had its target price trimmed by KeyCorp from $64.00 to $50.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently commented on PZZA. Loop Capital dropped their price objective on Papa Johns International from $97.00 to $90.00 and set a buy rating on the stock in a research note on Friday, May 10th. Wedbush dropped their price target on Papa Johns International from $65.00 to $51.00 and set an outperform rating on the stock in a research report on Tuesday, July 30th. Stephens reiterated an overweight rating and set a $60.00 price target on shares of Papa Johns International in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Papa Johns International from $77.00 to $58.00 and set a hold rating on the stock in a research note on Friday, May 10th. Finally, BMO Capital Markets dropped their price objective on shares of Papa Johns International from $80.00 to $75.00 and set an outperform rating on the stock in a report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Papa Johns International has an average rating of Moderate Buy and a consensus price target of $58.82.

Papa Johns International Price Performance

NASDAQ PZZA opened at $46.00 on Friday. The business’s fifty day moving average is $44.80 and its 200-day moving average is $57.51. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.86 and a beta of 1.16. Papa Johns International has a one year low of $39.90 and a one year high of $83.07.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Papa Johns International had a net margin of 3.50% and a negative return on equity of 19.46%. The business had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts expect that Papa Johns International will post 2.37 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, August 19th. This represents a $1.84 dividend on an annualized basis and a yield of 4.00%. Papa Johns International’s dividend payout ratio (DPR) is 81.78%.

Institutional Trading of Papa Johns International

A number of institutional investors have recently added to or reduced their stakes in PZZA. DekaBank Deutsche Girozentrale purchased a new stake in Papa Johns International during the 4th quarter worth about $114,000. Louisiana State Employees Retirement System purchased a new stake in Papa Johns International during the 4th quarter worth about $1,250,000. VELA Investment Management LLC lifted its holdings in Papa Johns International by 9.9% during the 4th quarter. VELA Investment Management LLC now owns 23,404 shares of the company’s stock worth $1,784,000 after purchasing an additional 2,111 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in Papa Johns International by 42.6% during the 4th quarter. Everence Capital Management Inc. now owns 5,490 shares of the company’s stock worth $419,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Dupree Financial Group LLC purchased a new stake in Papa Johns International during the 4th quarter worth about $323,000.

About Papa Johns International

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.