The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) reached all time high today, Nov, 24 and still has $91.40 target or 4.00% above today’s $87.88 share price. This indicates more upside for the $3.32 billion company. This technical setup was reported by Barchart.com. If the $91.40 PT is reached, the company will be worth $132.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.70% or $0.61 on November 23, hitting $87.88. About 225,993 shares traded hands. Papa John’s Int’l, Inc. (NASDAQ:PZZA) has risen 50.33% since April 22, 2016 and is uptrending. It has outperformed by 44.92% 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 $24.18 million for 34.33 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. The firm earned “Overweight” rating on Monday, November 9 by KeyBanc Capital Markets. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) earned “Buy” rating by Sidoti on Thursday, November 19. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) has “Hold” rating given on Thursday, February 25 by Jefferies. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) has “Strong Buy” rating given on Monday, August 10 by Tigress Financial. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, November 18. The stock has “Overweight” rating given by KeyBanc Capital Markets on Wednesday, July 20. As per Friday, October 30, the company rating was downgraded by KeyBanc Capital Markets. Nomura initiated the stock with “Buy” rating in Thursday, October 1 report.
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 Q2 2016. Its up 0.28, from 0.84 in 2016Q1. The ratio improved, 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.
Tci Wealth Advsr Incorporated, a Arizona-based fund reported 10 shares. Columbia Prtnrs L L C Management holds 0.42% or 83,318 shares in its portfolio. Moreover, Motley Fool Wealth Ltd Liability Corporation has 0.6% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 79,792 shares. Gemmer Asset Mngmt Lc has 0% invested in the company for 52 shares. Federated Invsts Pa last reported 0% of its portfolio in the stock. Pnc Services Grp Incorporated last reported 31,328 shares in the company. Kbc Gru Nv accumulated 0.04% or 44,019 shares. Alliancebernstein L P owns 71,682 shares or 0% of their US portfolio. Maplelane Cap Ltd Liability Corp accumulated 35,801 shares or 0.1% of the stock. U S Investors owns 24,113 shares or 0.9% of their US portfolio. State Teachers Retirement holds 0.02% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 89,033 shares. Fiera Cap last reported 46,800 shares in the company. Morgan Stanley, a New York-based fund reported 47,595 shares. Arizona State Retirement Sys has 14,350 shares for 0.01% of their US portfolio. State Of Tennessee Treasury Department, a Tennessee-based fund reported 22,295 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 19 selling transactions for $51.97 million net activity. SCHNATTER JOHN H sold $3.40M worth of stock. 4,000 shares with value of $328,700 were sold by OHern Timothy C on Wednesday, November 9. 12,836 shares with value of $959,177 were sold by Ritchie Steve M on Friday, August 12. Tucker Lance F. had sold 6,326 shares worth $494,374.
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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