Papa John’s Int’l (PZZA) Rating Lowered to Sell at BidaskClub

Papa John’s Int’l (NASDAQ:PZZA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other analysts also recently issued research reports about the stock. Citigroup dropped their price target on shares of Papa John’s Int’l from $71.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, June 19th. Zacks Investment Research upgraded shares of Papa John’s Int’l from a “sell” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, May 1st. Stifel Nicolaus lowered their price objective on shares of Papa John’s Int’l from $60.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, May 3rd. Longbow Research cut shares of Papa John’s Int’l from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $85.20 to $54.00 in a research note on Wednesday, May 9th. Finally, ValuEngine cut shares of Papa John’s Int’l from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 12th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $68.10.

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Shares of Papa John’s Int’l opened at $51.06 on Wednesday, according to MarketBeat.com. The company has a current ratio of 1.15, a quick ratio of 0.96 and a debt-to-equity ratio of -2.28. The stock has a market cap of $1.62 billion, a PE ratio of 19.21, a P/E/G ratio of 1.68 and a beta of 0.50. Papa John’s Int’l has a 52-week low of $49.44 and a 52-week high of $81.09.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The company had revenue of $427.37 million for the quarter, compared to analysts’ expectations of $440.74 million. Papa John’s Int’l had a net margin of 5.17% and a negative return on equity of 90.29%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. equities research analysts forecast that Papa John’s Int’l will post 2.31 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Champlain Investment Partners LLC bought a new stake in Papa John’s Int’l during the 1st quarter worth approximately $41,465,000. Millennium Management LLC raised its stake in Papa John’s Int’l by 46.7% during the 4th quarter. Millennium Management LLC now owns 672,940 shares of the company’s stock worth $37,759,000 after acquiring an additional 214,352 shares during the period. Point72 Asset Management L.P. bought a new stake in Papa John’s Int’l during the 1st quarter worth approximately $7,606,000. Seven Eight Capital LP bought a new stake in Papa John’s Int’l during the 1st quarter worth approximately $6,199,000. Finally, JPMorgan Chase & Co. raised its stake in Papa John’s Int’l by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,911,661 shares of the company’s stock worth $109,538,000 after acquiring an additional 85,677 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Papa John’s Int’l 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.