PZZA

Stifel Upgrades Papa John's International (PZZA)

Fintel reports that on April 22, 2024, Stifel upgraded their outlook for Papa John's International (NasdaqGS:PZZA) from Sell to Hold.

Analyst Price Forecast Suggests 30.28% Upside

As of April 17, 2024, the average one-year price target for Papa John's International is 82.36. The forecasts range from a low of 65.65 to a high of $101.85. The average price target represents an increase of 30.28% from its latest reported closing price of 63.22.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Papa John's International is 2,320MM, an increase of 8.63%. The projected annual non-GAAP EPS is 3.87.

What is the Fund Sentiment?

There are 617 funds or institutions reporting positions in Papa John's International. This is a decrease of 71 owner(s) or 10.32% in the last quarter. Average portfolio weight of all funds dedicated to PZZA is 0.16%, a decrease of 7.88%. Total shares owned by institutions decreased in the last three months by 6.81% to 44,110K shares. PZZA / Papa John's International, Inc. Put/Call Ratios The put/call ratio of PZZA is 6.99, indicating a bearish outlook.

What are Other Shareholders Doing?

PZZA / Papa John's International, Inc. Shares Held by Institutions

T. Rowe Price Investment Management holds 3,778K shares representing 11.47% ownership of the company. In it's prior filing, the firm reported owning 3,722K shares, representing an increase of 1.48%. The firm increased its portfolio allocation in PZZA by 4.33% over the last quarter.

IJR - iShares Core S&P Small-Cap ETF holds 2,191K shares representing 6.65% ownership of the company. In it's prior filing, the firm reported owning 2,211K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in PZZA by 4.21% over the last quarter.

Wellington Management Group Llp holds 1,699K shares representing 5.16% ownership of the company. In it's prior filing, the firm reported owning 1,507K shares, representing an increase of 11.31%. The firm decreased its portfolio allocation in PZZA by 83.12% over the last quarter.

Earnest Partners holds 1,631K shares representing 4.95% ownership of the company. In it's prior filing, the firm reported owning 1,411K shares, representing an increase of 13.48%. The firm increased its portfolio allocation in PZZA by 11.81% over the last quarter.

VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 1,467K shares representing 4.45% ownership of the company. In it's prior filing, the firm reported owning 1,535K shares, representing a decrease of 4.60%. The firm decreased its portfolio allocation in PZZA by 7.35% over the last quarter.

Papa John`s International Background Information
(This description is provided by the company.)

Papa John's International, Inc. opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA. Papa John's believes that using high quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa John's tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa John's is headquartered in Louisville, Ky. and is the world's third largest pizza delivery company with 5,360 restaurants in 48 countries and territories as of September 27, 2020.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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