Papa John’s International (NASDAQ:PZZA) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Papa John’s International, Inc. (NASDAQ:PZZA) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $20.01 and traded as high as $20.94. Papa John’s International shares last traded at $20.75, with a volume of 1,414,995 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PZZA shares. Weiss Ratings lowered shares of Papa John’s International from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Papa John’s International from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Mizuho cut their price target on shares of Papa John’s International from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Piper Sandler cut their price target on shares of Papa John’s International from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Finally, UBS Group decreased their price objective on shares of Papa John’s International from $28.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $28.57.

Papa John’s International Stock Performance

The business has a 50-day simple moving average of $19.87 and a 200 day simple moving average of $29.36. The firm has a market cap of $632.12 million, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $454.84 million for the quarter, compared to analyst estimates of $459.48 million. Papa John’s International had a negative return on equity of 9.65% and a net margin of 1.31%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. On average, research analysts expect that Papa John’s International, Inc. will post 1.07 EPS for the current year.

Institutional Trading of Papa John’s International

Several large investors have recently added to or reduced their stakes in PZZA. Advisors Asset Management Inc. bought a new position in Papa John’s International in the 3rd quarter worth $222,000. Edgestream Partners L.P. purchased a new stake in shares of Papa John’s International in the 3rd quarter worth about $4,607,000. Alberta Investment Management Corp boosted its stake in shares of Papa John’s International by 65.9% during the 3rd quarter. Alberta Investment Management Corp now owns 457,502 shares of the company’s stock valued at $9,015,000 after purchasing an additional 181,800 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Papa John’s International by 636.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,194 shares of the company’s stock valued at $43,000 after purchasing an additional 1,896 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Papa John’s International by 10.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,236 shares of the company’s stock valued at $379,000 after purchasing an additional 1,775 shares in the last quarter.

Papa John’s International Company Profile

Papa John’s International, Inc. operates and franchises pizza restaurants under the Papa Johns brand. Its restaurants offer pizza alongside sides, desserts and beverages, with ordering options that include delivery and carryout. The company was founded in 1984 by John Schnatter, who opened its first restaurant in Jeffersonville, Indiana. Papa Johns has since expanded across the United States and into international markets, serving customers through company-owned restaurants and franchised locations.