Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) – Research analysts at Wedbush reduced their Q2 2023 earnings estimates for shares of Papa John’s International in a research note issued to investors on Friday, July 28th. Wedbush analyst N. Setyan now expects that the company will earn $0.59 per share for the quarter, down from their previous forecast of $0.61. Wedbush has a “Neutral” rating and a $80.00 price target on the stock. The consensus estimate for Papa John’s International’s current full-year earnings is $2.71 per share. Wedbush also issued estimates for Papa John’s International’s Q3 2023 earnings at $0.66 EPS, FY2023 earnings at $2.78 EPS, Q1 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.78 EPS and FY2024 earnings at $3.17 EPS.
A number of other equities research analysts have also recently commented on PZZA. StockNews.com cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Sandler began coverage on shares of Papa John’s International in a report on Tuesday, June 13th. They issued a “neutral” rating and a $77.00 target price on the stock. 58.com restated an “initiates” rating on shares of Papa John’s International in a report on Wednesday, June 14th. Stifel Nicolaus reduced their target price on shares of Papa John’s International from $96.00 to $90.00 in a report on Thursday, April 6th. Finally, KeyCorp cut their price objective on shares of Papa John’s International from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, April 11th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.
Papa John’s International Trading Down 1.3 %
Papa John’s International (NASDAQ:PZZA – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Papa John’s International had a net margin of 3.82% and a negative return on equity of 30.45%. The business had revenue of $527.00 million for the quarter, compared to analysts’ expectations of $534.00 million. During the same period in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis.
Institutional Trading of Papa John’s International
Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in Papa John’s International during the fourth quarter worth $25,000. Parallel Advisors LLC lifted its stake in Papa John’s International by 1,752.6% in the first quarter. Parallel Advisors LLC now owns 352 shares of the company’s stock valued at $26,000 after buying an additional 333 shares during the last quarter. Park Place Capital Corp bought a new stake in Papa John’s International in the first quarter valued at $27,000. Lazard Asset Management LLC bought a new stake in Papa John’s International in the fourth quarter valued at $34,000. Finally, First Horizon Advisors Inc. bought a new stake in Papa John’s International in the first quarter valued at $37,000.
About Papa John’s 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
Featured Articles
- Five stocks we like better than Papa John’s International
- Best Stocks Under $5.00
- MarketBeat Week in Review – 7/24 – 7/28
- How to Invest in Semiconductors
- Can SAIA Continue its Stratospheric Rally?
- What is MarketRank™? How to Use it
- Why Markets Are Loving Exxon Mobil, Despite The Earnings Dip
Receive News & Ratings for Papa John's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International and related companies with MarketBeat.com's FREE daily email newsletter.
