The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) reached all time high today, Nov, 30 and still has $97.01 target or 9.00% above today’s $89.00 share price. This indicates more upside for the $3.29B company. This technical setup was reported by Barchart.com. If the $97.01 PT is reached, the company will be worth $296.10M 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. About 304,285 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 $23.66 million for 34.77 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 rating was upgraded by KeyBanc Capital Markets to “Overweight” on Wednesday, July 20. On Thursday, October 1 the stock rating was initiated by Nomura with “Buy”. The firm earned “Overweight” rating on Monday, November 9 by KeyBanc Capital Markets. The rating was downgraded by Tigress Financial on Monday, August 10 to “Strong Buy”. The firm has “Sector Weight” rating given on Friday, October 30 by KeyBanc Capital Markets. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) has “Hold” rating given on Thursday, February 25 by Jefferies. As per Thursday, November 19, the company rating was upgraded by Sidoti. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Friday, November 18 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 2016 Q2. 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.
Suntrust Banks has invested 0.02% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Cambridge Investment holds 0.02% or 11,006 shares in its portfolio. Fort Point Capital Prns Llc, a California-based fund reported 18,900 shares. Moreover, Invesco has 0.02% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 671,616 shares. Commercial Bank Of Montreal Can owns 3,244 shares or 0% of their US portfolio. Wells Fargo And Mn has 0% invested in the company for 60,063 shares. Motley Fool Wealth Mgmt Ltd Liability Company has 79,792 shares for 0.6% of their US portfolio. Fmr holds 2.65 million shares or 0.02% of its portfolio. Amer Century Cos holds 0.07% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 940,959 shares. Tower Capital Ltd Liability Corporation (Trc) last reported 0.01% of its portfolio in the stock. Acadian Asset Limited Liability Corp accumulated 104 shares or 0% of the stock. Teachers accumulated 0.01% or 42,305 shares. Susquehanna Intll Grp Llp accumulated 0% or 67,324 shares. Legal & General Group Pcl accumulated 0% or 6,168 shares. Brown Advisory has 407,797 shares for 0.1% of their US portfolio.
Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 19 sales for $51.97 million net activity. $5.76M worth of Papa John’s Int’l, Inc. (NASDAQ:PZZA) was sold by SCHNATTER JOHN H on Monday, October 3. OHern Timothy C sold $328,700 worth of Papa John’s Int’l, Inc. (NASDAQ:PZZA) on Wednesday, November 9. Shares for $489,409 were sold by Tucker Lance F. on Thursday, August 4. $995,374 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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