Papa John's Int'l (PZZA) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Papa John's Int'l (NASDAQ:PZZA) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Papa John's Int'l from a sell rating to a hold rating in a research note on Wednesday, January 31st. Stifel Nicolaus reaffirmed a hold rating and issued a $60.00 price objective on shares of Papa John's Int'l in a research note on Friday, November 3rd. BTIG Research lowered shares of Papa John's Int'l from a buy rating to a neutral rating in a research note on Wednesday, November 1st. Stephens reduced their price objective on shares of Papa John's Int'l from $95.00 to $85.00 and set an overweight rating for the company in a research note on Wednesday, October 11th. Finally, Nomura reaffirmed a hold rating and issued a $58.00 price objective on shares of Papa John's Int'l in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $76.60.

Shares of Papa John's Int'l (PZZA) traded down $0.77 during trading hours on Thursday, hitting $55.56. 513,066 shares of the company’s stock were exchanged, compared to its average volume of 1,104,763. The firm has a market cap of $2,018.42, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.57 and a beta of 0.53. Papa John's Int'l has a 52 week low of $55.05 and a 52 week high of $86.99. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.90 annualized dividend and a yield of 1.62%. Papa John's Int'l’s dividend payout ratio (DPR) is presently 31.03%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank raised its holdings in Papa John's Int'l by 4.9% in the 2nd quarter. Amalgamated Bank now owns 3,908 shares of the company’s stock worth $280,000 after acquiring an additional 183 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Papa John's Int'l by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,357 shares of the company’s stock worth $4,259,000 after purchasing an additional 743 shares during the period. Flinton Capital Management LLC increased its holdings in shares of Papa John's Int'l by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock worth $132,000 after purchasing an additional 800 shares during the period. Fox Run Management L.L.C. increased its holdings in shares of Papa John's Int'l by 15.9% during the 4th quarter. Fox Run Management L.L.C. now owns 6,489 shares of the company’s stock worth $364,000 after purchasing an additional 889 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Papa John's Int'l by 2.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 53,985 shares of the company’s stock worth $3,874,000 after purchasing an additional 1,213 shares during the period. Hedge funds and other institutional investors own 83.99% of the company’s stock.

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About Papa John's Int'l

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.

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

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