Papa Johns International, Inc. (NASDAQ:PZZA) Receives Consensus Recommendation of “Hold” from Analysts

Papa Johns International, Inc. (NASDAQ:PZZA) has been given an average rating of “Hold” by the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $53.00.

Several analysts have recently commented on the company. Loop Capital reduced their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Northcoast Research upgraded Papa Johns International to a “hold” rating in a research report on Monday, March 3rd. Stephens restated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, February 27th. Jefferies Financial Group cut their price target on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Finally, Benchmark reduced their price objective on shares of Papa Johns International from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 21st.

Papa Johns International Stock Up 0.9 %

Shares of Papa Johns International stock opened at $33.48 on Wednesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Papa Johns International has a 52-week low of $30.16 and a 52-week high of $64.06. The company’s 50-day simple moving average is $40.47 and its 200-day simple moving average is $43.81.

Institutional Investors Weigh In On Papa Johns International

A number of large investors have recently bought and sold shares of PZZA. Allspring Global Investments Holdings LLC raised its holdings in shares of Papa Johns International by 117.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company’s stock worth $2,040,000 after acquiring an additional 26,505 shares during the last quarter. Bessemer Group Inc. raised its stake in Papa Johns International by 2,758.7% in the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company’s stock valued at $88,000 after purchasing an additional 2,069 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Papa Johns International in the 1st quarter valued at about $509,000. Exchange Traded Concepts LLC acquired a new stake in shares of Papa Johns International during the 1st quarter worth about $230,000. Finally, GAMMA Investing LLC grew its holdings in shares of Papa Johns International by 506.3% during the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company’s stock worth $87,000 after buying an additional 1,772 shares in the last quarter.

About Papa Johns International

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.