The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) hit a new 52-week high and has $92.91 target or 6.00% above today’s $87.65 share price. The 7 months bullish chart indicates low risk for the $3.31 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $92.91 price target is reached, the company will be worth $198.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 108,668 shares traded hands. Papa John’s Int’l, Inc. (NASDAQ:PZZA) has risen 52.25% since April 21, 2016 and is uptrending. It has outperformed by 46.92% the S&P500.
Analysts await Papa John’s Int’l, Inc. (NASDAQ:PZZA) to report earnings on February, 28. They expect $0.64 EPS, up 3.23% or $0.02 from last year’s $0.62 per share. PZZA’s profit will be $24.17M for 34.24 P/E if the $0.64 EPS becomes a reality. After $0.57 actual EPS reported by Papa John’s Int’l, Inc. for the previous quarter, Wall Street now forecasts 12.28% EPS growth.
Papa John’s Int’l, Inc. (NASDAQ:PZZA) Ratings Coverage
Out of 5 analysts covering Papa John'S International (NASDAQ:PZZA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Papa John'S International has been the topic of 10 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Hold” rating in Thursday, February 25 report. As per Thursday, October 1, the company rating was initiated by Nomura. Sidoti upgraded the stock to “Buy” rating in Thursday, November 19 report. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, October 30. KeyBanc Capital Markets upgraded Papa John’s Int’l, Inc. (NASDAQ:PZZA) on Wednesday, July 20 to “Overweight” rating. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) has “Sector Weight” rating given on Friday, November 18 by KeyBanc Capital Markets. KeyBanc Capital Markets upgraded Papa John’s Int’l, Inc. (NASDAQ:PZZA) on Monday, November 9 to “Overweight” rating. As per Monday, August 10, the company rating was downgraded by Tigress Financial.
According to Zacks Investment Research, “Papa John’s Intl, Inc. operates & franchises pizza delivery and carry-out restaurants under the trademark Papa John’s. The Co.’s objective is to become the leading chain of pizza delivery restaurants in each of its targeted markets. To accomplish this objective, the Company has developed a strategy designed to achieve high levels of customer satisfaction & repeat business, as well as to establish recognition & acceptance of the Papa John’s brand. High Quality Menu, Efficient Operating System, Commitment to Employee Training, Cost-Effective Marketing, & Franchise System.”
Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.28, from 0.84 in 2016Q1. The ratio increased, as 27 funds sold all Papa John’s Int’l, Inc. shares owned while 68 reduced positions. 30 funds bought stakes while 50 increased positions. They now own 27.55 million shares or 1.04% less from 27.84 million shares in 2016Q1.
Amer Int Grp Inc holds 0% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 20,295 shares. Brown Advisory holds 407,797 shares or 0.1% of its portfolio. Moreover, Gemmer Asset Mgmt Ltd has 0% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 52 shares. Royal Fincl Bank Of Canada reported 342,902 shares or 0.01% of all its holdings. Eqis Capital Mgmt holds 0.03% or 6,888 shares in its portfolio. The Massachusetts-based Panagora Asset Mgmt has invested 0.02% in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Sheets Smith Wealth Mgmt accumulated 143,967 shares or 2.84% of the stock. Vanguard Gru holds 0.01% or 2.13M shares in its portfolio. Ls Inv Advsrs Limited Liability Corporation owns 1,031 shares or 0% of their US portfolio. Columbia Wanger Asset Mngmt Ltd Com holds 1.25% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 1.59 million shares. Gsa Capital Prns Ltd Liability Partnership has invested 0.1% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Moreover, Ubs Asset Management Americas Inc has 0% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 20,042 shares. Moreover, Sandy Spring Fincl Bank has 0% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 15 shares. The California-based Blackrock Fund Advsr has invested 0.03% in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Neuberger Berman Grp Ltd last reported 0.11% of its portfolio in the stock.
Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 19 selling transactions for $51.97 million net activity. 4,000 shares were sold by OHern Timothy C, worth $328,700 on Wednesday, November 9. 73,686 shares with value of $5.92M were sold by SCHNATTER JOHN H on Friday, October 21. Tucker Lance F. also sold $494,374 worth of Papa John’s Int’l, Inc. (NASDAQ:PZZA) on Friday, November 4. $959,177 worth of Papa John’s Int’l, Inc. (NASDAQ:PZZA) shares were sold by Ritchie Steve M.
Another recent and important Papa John’s Int’l, Inc. (NASDAQ:PZZA) news was published by Marketwatch.com which published an article titled: “Papa John’s upgraded on belief civil unrest is encouraging more pizza delivery” on July 20, 2016.
PZZA Company Profile
Papa John’s International, Inc. (Papa John’s), incorporated on July 25, 1991, operates and franchises pizza delivery and carryout restaurants. The Firm operates these restaurants in international markets, dine-in and delivery restaurants under the trademark Papa John’s. Papa John’s operates in five divisions: domestic Company-owned restaurants, domestic commissaries (Quality Control (QC) Centers), North America franchising, international operations, and all other business units. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise activities outside of the United States and Canada. The Firm offers pizza along with side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. Papa John’s traditional crust pizza is prepared using dough (never frozen). Papa John’s pizzas are made from a blend of wheat flour, cheese made from mozzarella, pizza sauce made from vine-ripened tomatoes (not from concentrate) and a mix of savory spices, and a choice of meat and vegetable toppings. The Company’s traditional crust pizza is delivered with a container of its special garlic sauce and a pepperoncini pepper. In addition to its dough traditional crust pizza, the Company offers a thin crust pizza, which is a par-baked product produced by a third-party vendor. Each thin crust pizza is served with a packet of special seasonings and a pepperoncini pepper.
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