The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) hit a new 52-week high and has $91.28 target or 3.00% above today’s $88.62 share price. The 7 months bullish chart indicates low risk for the $3.28 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $91.28 price target is reached, the company will be worth $98.40M 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 149,328 shares traded hands. Papa John’s Int’l, Inc. (NASDAQ:PZZA) has risen 50.09% since April 27, 2016 and is uptrending. It has outperformed by 44.87% 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 $23.69 million for 34.62 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. $85 is the highest target while $58 is the lowest. The $64 average target is -27.78% below today’s ($88.62) stock price. Papa John'S International has been the topic of 10 analyst reports since August 10, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, November 18 report. The company was upgraded on Wednesday, July 20 by KeyBanc Capital Markets. The rating was initiated by Nomura with “Buy” on Thursday, October 1. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) has “Hold” rating given on Thursday, February 25 by Jefferies. The rating was upgraded by Sidoti to “Buy” on Thursday, November 19. The stock has “Overweight” rating given by KeyBanc Capital Markets on Monday, November 9. The stock has “Strong Buy” rating given by Tigress Financial on Monday, August 10. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Friday, October 30.
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 is positive, 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.
Bnp Paribas Arbitrage accumulated 8,857 shares or 0% of the stock. Amer Century Cos holds 940,959 shares or 0.07% of its portfolio. Capstone Asset Management Communications owns 10,196 shares or 0.02% of their US portfolio. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Alliancebernstein Ltd Partnership holds 71,682 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 712 shares. Renaissance Tech Lc holds 0.11% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 818,200 shares. Advsr Asset Mngmt accumulated 0.01% or 13,572 shares. Matarin Capital Management Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Principal Fincl Gru has 0.02% invested in the company for 198,665 shares. U S Global Invsts accumulated 0.9% or 24,113 shares. Northcoast Asset Mngmt Limited accumulated 26,749 shares or 0.12% of the stock. Rhumbline Advisers owns 44,726 shares or 0.01% of their US portfolio. Waldron Ltd Partnership holds 0.12% or 4,132 shares in its portfolio. Aperio Group Limited Liability Corp accumulated 5,184 shares or 0% of the stock.
Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 19 insider sales for $51.97 million net activity. SCHNATTER JOHN H sold $6.41M worth of stock or 81,552 shares. 275 shares were sold by OHern Timothy C, worth $23,066 on Friday, November 18. 6,334 shares were sold by Tucker Lance F., worth $489,409 on Thursday, August 4. 12,790 shares were sold by Ritchie Steve M, worth $995,374 on Friday, November 4.
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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