on Friday. They presently have a $65.00 price objective on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 5.74% from the stock’s current price. Jefferies Group also issued estimates for Papa John’s International’s Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $2.75 EPS, Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.78 EPS and FY2018 earnings at $2.90 EPS.
A number of other analysts have also weighed in on the company. BTIG Research restated a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Papa John’s International in a research note on Tuesday, October 24th. Citigroup Inc. began coverage on Papa John’s International in a research report on Monday, September 18th. They set a “buy” rating and a $90.00 target price for the company. Stephens decreased their target price on Papa John’s International from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Zacks Investment Research upgraded Papa John’s International from a “strong sell” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Instinet reiterated a “neutral” rating and set a $78.00 price objective (down previously from $84.00) on shares of Papa John’s International in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Papa John’s International has a consensus rating of “Hold” and a consensus price target of $79.56.
Shares of Papa John’s International (NASDAQ PZZA) traded down $1.55 during trading on Friday, hitting $61.47. 971,693 shares of the stock traded hands, compared to its average volume of 874,744. The firm has a market capitalization of $2,154.03, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.73 and a beta of 0.47. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.08 and a current ratio of 1.21. Papa John’s International has a twelve month low of $59.36 and a twelve month high of $90.49.
Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. analysts anticipate that Papa John’s International will post 2.76 earnings per share for the current year.
Papa John’s International announced that its board has authorized a share repurchase plan on Tuesday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 198% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $75.08, for a total transaction of $692,087.44. Following the completion of the sale, the senior vice president now directly owns 35,650 shares of the company’s stock, valued at $2,676,602. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 27.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Flinton Capital Management LLC grew its holdings in Papa John’s International by 76.9% during the second quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock valued at $132,000 after purchasing an additional 800 shares during the last quarter. Victory Capital Management Inc. lifted its position in Papa John’s International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock worth $185,000 after purchasing an additional 386 shares during the period. Trexquant Investment LP bought a new position in shares of Papa John’s International during the second quarter valued at $201,000. Riverhead Capital Management LLC lifted its holdings in shares of Papa John’s International by 87.3% during the second quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock valued at $215,000 after acquiring an additional 1,396 shares during the period. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Papa John’s International during the third quarter valued at $219,000. Institutional investors own 84.18% of the company’s stock.
About Papa John’s International
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.