Brokers Issue New Targets On Papa John's International Inc. (NASDAQ:PZZA)
- Author: Eleanor Harrison Aug 05, 2017,
Aug 05, 2017, 0:19
AQR Capital Management LLC raised its position in shares of Papa John's worldwide by 117.8% in the fourth quarter. Insiders sold a total of 20,447 shares of company stock worth $1,656,182 over the last quarter.
Papa John's global announced that its board has approved a stock repurchase program on Tuesday, August 1st that allows the company to repurchase $500.00 million in shares. Cambridge Investment Advisors Inc stated it has 0.01% of its portfolio in Papa John's Int'l, Inc. Fifth Third Bancorp now owns 2,112 shares of the company's stock valued at $169,000 after buying an additional 215 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Papa John's worldwide by 43.7% in the first quarter.
02/26/2015 - Papa John's International Inc. was downgraded to "hold" by analysts at Feltl & Co. (PZZA) recorded volume accumulation so there will probably be a surplus of buyers at $77.48. It opened the session with a $77.63 price tag, later ranging from $77.25 to $78.97, the range at which the stock has traded at throughout the day. The stock of Papa John's Int'l, Inc. (PZZA) has a market cap of $2.94 billion and over the last 12 months, Papa John's International, Inc.
Investors bid up shares of Louisville-based Papa John's worldwide on Wednesday after the Louisville-based company announced it would increase debt to fund $500 million in stock buy-backs over the next year to 18 months.
In terms of earnings per share, 5 analysts have a 0.62 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 5 analysts have a 0.83 EPS mean target and for the quarter ending Dec-17 there are 5 estimates of 2.86 EPS.
Papa John's global beats Ruby Tuesday on 11 of the 14 factors compared between the two stocks. The company had revenue of $434.78 million during the quarter, compared to analysts' expectations of $438.51 million. (PZZA) have shown a high EPS growth of 20.40% in the last 5 years and has earnings rose of 45.20% yoy. The overall volume in the last trading session was 2.74 million shares.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Papa John's International Inc. RBC Capital Markets maintained the shares of REPYY in report on Friday, October 16 with "Sector Perform" rating. This repurchase authorization allows the company to purchase up to 198% of its stock through open market purchases.
The company's consensus rating on Reuter's scale remained unchanged from 3 to 3 during a month.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Bancshares Of Montreal Can invested in 0% or 2,585 shares. Stock Surged Today" published on August 02, 2017 as well as Investorplace.com's news article titled: "Dow 22000 Becomes a Reality as Apple Hits New Heights" with publication date: "August 02, 2017. This represents a $0.90 annualized dividend and a dividend yield of 1.16%. Balyasny Asset Mgmt Ltd Liability has 0% invested in Papa John's Int'l, Inc. Papa John's International's payout ratio is 27.87%. Louisiana State Employees Retirement System boosted its position in shares of Papa John's worldwide by 1.5% in the first quarter. (NASDAQ:PZZA). Foundry Partners Lc holds 0.12% or 33,776 shares. If you are accessing this story on another domain, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark law. The original version of this news story can be viewed at https://sportsperspectives.com/2017/08/03/papa-johns-international-inc-nasdaqpzza-price-target-increased-to-95-00-by-analysts-at-stephens.html.
PZZA has been the subject of several recent analyst reports. BidaskClub downgraded Papa John's worldwide from a sell rating to a strong sell rating in a research note on Friday, June 30th. Papa John'S worldwide has $95 highest and $58 lowest target. Zacks Investment Research raised Papa John's worldwide from a strong sell rating to a hold rating in a research note on Friday, July 7th.
This is a summary of current recommendations for Papa John's global and Ruby Tuesday, as reported by MarketBeat.com. For now, PZZA is the toast of Wall Street as its ABR stands at 2.00 with 2 out of 5 analysts rating the stock a buy. Also, SVP Timothy C. Ohern sold 6,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $82.39, for a total value of $333,761.89. Following the sale, the senior vice president now owns 36,020 shares of the company's stock, valued at $2,946,075.80. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data.