Papa Johns International (NASDAQ:PZZA) Stock Price Up 4.8% – What’s Next?

Papa Johns International, Inc. (NASDAQ:PZZA) shares shot up 4.8% during mid-day trading on Tuesday . The company traded as high as $51.99 and last traded at $51.91. 261,664 shares changed hands during trading, a decline of 73% from the average session volume of 984,782 shares. The stock had previously closed at $49.54.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. BMO Capital Markets decreased their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Thursday, August 8th. KeyCorp decreased their price objective on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler dropped their target price on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.82.

Papa Johns International Stock Up 4.2 %

The business’s fifty day moving average is $48.57 and its 200 day moving average is $50.40. The stock has a market cap of $1.70 billion, a PE ratio of 22.95, a P/E/G ratio of 2.97 and a beta of 1.20.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. Papa Johns International’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that Papa Johns International, Inc. will post 2.27 EPS for the current year.

Papa Johns International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s payout ratio is currently 81.78%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after buying an additional 525 shares in the last quarter. Blue Trust Inc. raised its holdings in Papa Johns International by 16.8% in the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock valued at $170,000 after acquiring an additional 520 shares during the last quarter. Quest Partners LLC raised its holdings in Papa Johns International by 12.2% in the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock valued at $177,000 after acquiring an additional 410 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Papa Johns International by 379.7% during the 1st quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock worth $221,000 after purchasing an additional 2,624 shares during the period. Finally, KG&L Capital Management LLC acquired a new stake in shares of Papa Johns International during the second quarter worth $240,000.

About Papa Johns International

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.