Papa John’s Pizza (NASDAQ:PZZA) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
Several other analysts have also commented on PZZA. Zacks Investment Research lowered Papa John’s Pizza from a “hold” rating to a “sell” rating in a report on Monday, January 15th. BidaskClub lowered Papa John’s Pizza from a “sell” rating to a “strong sell” rating in a report on Thursday, February 8th. Stifel Nicolaus dropped their price objective on Papa John’s Pizza from $60.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Finally, Longbow Research lowered Papa John’s Pizza from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $85.20 to $54.00 in a report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Papa John’s Pizza currently has a consensus rating of “Hold” and an average target price of $70.90.
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Papa John’s Pizza opened at $52.55 on Friday, Marketbeat.com reports. The stock has a market cap of $1.82 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.81 and a beta of 0.55. Papa John’s Pizza has a 52 week low of $52.03 and a 52 week high of $85.20. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of -2.28.
Papa John’s Pizza (NASDAQ:PZZA) last posted its earnings results on Tuesday, May 8th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.12). The company had revenue of $427.37 million for the quarter, compared to analyst estimates of $440.74 million. Papa John’s Pizza had a negative return on equity of 90.29% and a net margin of 5.17%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. research analysts anticipate that Papa John’s Pizza will post 2.4 earnings per share for the current fiscal year.
In other news, CFO Lance F. Tucker sold 36,783 shares of Papa John’s Pizza stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $59.42, for a total value of $2,185,645.86. Following the sale, the chief financial officer now directly owns 32,239 shares of the company’s stock, valued at $1,915,641.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Caroline Miller Oyler sold 1,766 shares of Papa John’s Pizza stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $61.00, for a total value of $107,726.00. Following the completion of the sale, the senior vice president now directly owns 16,762 shares in the company, valued at $1,022,482. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,781 shares of company stock worth $2,793,713. 31.80% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of PZZA. Hsbc Holdings PLC acquired a new stake in shares of Papa John’s Pizza in the first quarter worth approximately $207,000. Victory Capital Management Inc. boosted its stake in shares of Papa John’s Pizza by 36.0% in the first quarter. Victory Capital Management Inc. now owns 4,146 shares of the company’s stock worth $238,000 after acquiring an additional 1,098 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Papa John’s Pizza in the fourth quarter worth approximately $247,000. MANA Advisors LLC acquired a new stake in shares of Papa John’s Pizza in the fourth quarter worth approximately $333,000. Finally, Haverford Financial Services Inc. acquired a new stake in shares of Papa John’s Pizza in the first quarter worth approximately $344,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.
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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