Papa John’s International (NASDAQ:PZZA) Price Target Cut to $50.00 by Analysts at Benchmark

Papa John’s International (NASDAQ:PZZAGet Free Report) had its target price cut by investment analysts at Benchmark from $60.00 to $50.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 63.12% from the company’s previous close.

Several other research analysts have also recently weighed in on PZZA. Stephens decreased their price objective on shares of Papa John’s International from $49.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of Papa John’s International in a report on Monday, December 29th. Mizuho decreased their price target on shares of Papa John’s International from $40.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Zacks Research upgraded Papa John’s International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, UBS Group reiterated a “neutral” rating and set a $42.00 target price on shares of Papa John’s International in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.67.

Read Our Latest Stock Analysis on Papa John’s International

Papa John’s International Trading Down 0.8%

NASDAQ:PZZA traded down $0.26 during trading hours on Friday, reaching $30.65. 1,174,878 shares of the company traded hands, compared to its average volume of 1,155,467. The business’s 50-day moving average price is $36.19 and its two-hundred day moving average price is $42.50. Papa John’s International has a 1 year low of $30.16 and a 1 year high of $55.74. The stock has a market capitalization of $1.01 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.77 and a beta of 1.20.

Papa John’s International (NASDAQ:PZZAGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $498.18 million during the quarter, compared to the consensus estimate of $517.25 million. Papa John’s International had a negative return on equity of 13.54% and a net margin of 1.79%.The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. As a group, equities analysts anticipate that Papa John’s International will post 2.19 EPS for the current year.

Hedge Funds Weigh In On Papa John’s International

Several institutional investors have recently bought and sold shares of the business. Invesco Ltd. grew its position in Papa John’s International by 14.1% in the fourth quarter. Invesco Ltd. now owns 139,662 shares of the company’s stock worth $5,376,000 after acquiring an additional 17,215 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Papa John’s International by 189.9% during the 4th quarter. Corient Private Wealth LLC now owns 18,291 shares of the company’s stock valued at $704,000 after purchasing an additional 11,982 shares during the last quarter. XTX Topco Ltd raised its holdings in Papa John’s International by 38.2% during the 4th quarter. XTX Topco Ltd now owns 12,846 shares of the company’s stock valued at $494,000 after buying an additional 3,550 shares during the period. Private Capital Management LLC raised its holdings in Papa John’s International by 17.3% during the 4th quarter. Private Capital Management LLC now owns 41,775 shares of the company’s stock valued at $1,608,000 after buying an additional 6,175 shares during the period. Finally, Millennium Management LLC bought a new stake in Papa John’s International in the fourth quarter worth $758,000.

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Papa John’s International Company Profile

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Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.

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