Papa Johns International (NASDAQ:PZZA) Given New $71.00 Price Target at Bank of America

Papa Johns International (NASDAQ:PZZA) had its target price hoisted by Bank of America from $66.00 to $71.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

PZZA has been the subject of several other research reports. Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research note on Thursday, August 8th. Piper Sandler reduced their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus decreased their price target on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Finally, UBS Group dropped their price target on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Papa Johns International Stock Performance

Shares of NASDAQ:PZZA opened at $51.02 on Tuesday. Papa Johns International has a 52 week low of $39.90 and a 52 week high of $78.67. The firm has a market cap of $1.66 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 3.21 and a beta of 1.20. The firm’s fifty day moving average is $49.99 and its 200-day moving average is $49.81.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. Sell-side analysts forecast that Papa Johns International will post 2.27 EPS for the current year.

Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s dividend payout ratio (DPR) is presently 88.46%.

Institutional Investors Weigh In On Papa Johns International

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its stake in 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 last quarter. Copeland Capital Management LLC bought a new stake in shares of Papa Johns International in the 3rd quarter valued at about $42,000. CWM LLC boosted its holdings in Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the period. nVerses Capital LLC bought a new position in Papa Johns International during the 3rd quarter worth approximately $156,000. Finally, Blue Trust Inc. increased its stake in Papa Johns International by 16.8% in the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock worth $170,000 after purchasing an additional 520 shares during the period.

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.