Shares of Papa John’s Pizza (NASDAQ:PZZA) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $74.25.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Papa John’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Zacks Investment Research upgraded shares of Papa John’s Pizza from a “strong sell” rating to a “hold” rating in a report on Friday, January 5th. Deutsche Bank assumed coverage on shares of Papa John’s Pizza in a report on Monday, December 18th. They set a “hold” rating and a $63.00 target price on the stock. Finally, Nomura reiterated a “hold” rating and set a $58.00 target price on shares of Papa John’s Pizza in a report on Friday, December 22nd.
In other news, Director Mark S. Shapiro sold 8,232 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.78, for a total value of $500,340.96. Following the sale, the director now directly owns 25,070 shares in the company, valued at approximately $1,523,754.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lance F. Tucker sold 36,783 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $59.42, for a total transaction of $2,185,645.86. Following the completion of the sale, the chief financial officer now owns 32,239 shares in the company, valued at $1,915,641.38. The disclosure for this sale can be found here. Insiders sold a total of 46,781 shares of company stock worth $2,793,713 over the last 90 days. Company insiders own 31.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PZZA. Millennium Management LLC boosted its stake in Papa John’s Pizza by 46.7% in the 4th quarter. Millennium Management LLC now owns 672,940 shares of the company’s stock worth $37,759,000 after purchasing an additional 214,352 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Papa John’s Pizza by 10.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,213,803 shares of the company’s stock worth $88,693,000 after purchasing an additional 118,212 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in Papa John’s Pizza in the 4th quarter worth approximately $5,973,000. CI Global Investments Inc. acquired a new stake in Papa John’s Pizza in the 4th quarter worth approximately $4,208,000. Finally, Tyvor Capital LLC boosted its stake in Papa John’s Pizza by 35.2% in the 4th quarter. Tyvor Capital LLC now owns 285,794 shares of the company’s stock worth $16,036,000 after purchasing an additional 74,414 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.
Papa John’s Pizza stock traded up $0.07 during midday trading on Wednesday, hitting $62.19. 265,672 shares of the company’s stock were exchanged, compared to its average volume of 1,050,003. The company has a debt-to-equity ratio of -4.21, a current ratio of 1.28 and a quick ratio of 1.05. Papa John’s Pizza has a 12 month low of $54.00 and a 12 month high of $85.20. The stock has a market cap of $2,001.29, a price-to-earnings ratio of 23.71, a PEG ratio of 1.93 and a beta of 0.56.
Papa John’s Pizza (NASDAQ:PZZA) last issued its earnings results on Tuesday, February 27th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). Papa John’s Pizza had a negative return on equity of 366.49% and a net margin of 5.79%. The business had revenue of $467.60 million for the quarter, compared to the consensus estimate of $463.61 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. equities analysts expect that Papa John’s Pizza will post 2.48 earnings per share for the current year.
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Papa John’s Pizza Company Profile
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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.
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