Papa Johns International (NASDAQ:PZZA) Lowered to “Sector Weight” Rating by KeyCorp

KeyCorp lowered shares of Papa Johns International (NASDAQ:PZZA) from an overweight rating to a sector weight rating in a research report report published on Thursday, Marketbeat.com reports. KeyCorp also issued estimates for Papa Johns International’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.38 EPS.

Several other equities analysts have also issued reports on PZZA. Deutsche Bank Aktiengesellschaft dropped 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. Piper Sandler cut their target price on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets lowered their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Bank of America raised their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.82.

Papa Johns International Trading Down 3.7 %

Shares of PZZA stock opened at $47.32 on Thursday. Papa Johns International has a 1-year low of $39.90 and a 1-year high of $78.67. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.37 and a beta of 1.19. The stock has a 50-day moving average of $51.77 and a 200-day moving average of $48.64.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Sell-side analysts forecast that Papa Johns International will post 2.23 earnings per share for the current year.

Papa Johns International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

Hedge Funds Weigh In On Papa Johns International

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Papa Johns International during the third quarter worth $42,000. CWM LLC raised its position in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after buying an additional 525 shares during the last quarter. US Bancorp DE lifted its stake in Papa Johns International by 225.4% during the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Papa Johns International during the 3rd quarter worth $156,000.

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.