Papa John’s Int’l (NASDAQ:PZZA) Downgraded by MKM Partners

MKM Partners downgraded shares of Papa John’s Int’l (NASDAQ:PZZA) from a buy rating to a neutral rating in a research report released on Thursday morning, The Fly reports. They currently have $50.00 price objective on the stock, down from their prior price objective of $55.00.

A number of other brokerages have also weighed in on PZZA. Jefferies Financial Group lowered shares of Papa John’s Int’l from a buy rating to a hold rating and set a $58.00 target price for the company. in a research note on Monday, November 4th. They noted that the move was a valuation call. ValuEngine upgraded Papa John’s Int’l from a hold rating to a buy rating in a research note on Thursday, October 31st. Stephens restated an overweight rating and issued a $60.00 price objective on shares of Papa John’s Int’l in a research note on Tuesday, August 27th. Stifel Nicolaus upgraded Papa John’s Int’l from a hold rating to a buy rating and upped their price objective for the stock from $42.00 to $60.00 in a research note on Wednesday, August 28th. Finally, Credit Suisse Group upped their price objective on Papa John’s Int’l to $66.00 and gave the stock an outperform rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $61.56.

Papa John’s Int’l stock traded down $0.82 during trading hours on Thursday, hitting $61.76. 1,218,300 shares of the stock traded hands, compared to its average volume of 994,724. The company has a market cap of $1.82 billion, a PE ratio of 46.09, a PEG ratio of 5.70 and a beta of 0.41. The firm’s 50-day moving average price is $54.93 and its two-hundred day moving average price is $49.50. Papa John’s Int’l has a one year low of $38.29 and a one year high of $63.29.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $403.71 million for the quarter, compared to analysts’ expectations of $384.54 million. Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. Papa John’s Int’l’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts predict that Papa John’s Int’l will post 1.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.90 annualized dividend and a dividend yield of 1.46%. Papa John’s Int’l’s dividend payout ratio (DPR) is 67.16%.

In other news, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $42.80, for a total value of $4,280,000.00. Following the completion of the sale, the insider now directly owns 5,409,583 shares in the company, valued at approximately $231,530,152.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John H. Schnatter sold 1,900,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.60, for a total value of $107,540,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,575,861 shares of company stock valued at $138,144,712 over the last 90 days. 43.00% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Private Capital Group LLC purchased a new stake in Papa John’s Int’l in the 2nd quarter worth $34,000. Massey Quick Simon & CO. LLC purchased a new stake in Papa John’s Int’l in the 3rd quarter worth $64,000. Oppenheimer Asset Management Inc. purchased a new stake in Papa John’s Int’l in the 3rd quarter worth $67,000. FNY Investment Advisers LLC purchased a new stake in Papa John’s Int’l in the 3rd quarter worth $71,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Papa John’s Int’l in the 3rd quarter worth $74,000. Institutional investors and hedge funds own 92.75% 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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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The Fly

Analyst Recommendations for Papa John`s Int`l (NASDAQ:PZZA)

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