Papa John’s International (PZZA) Gets a Buy from Loop Capital Markets

Loop Capital Markets analyst Alton Stump maintained a Buy rating on Papa John’s International (PZZA – Research Report) today and set a price target of $97.00. The company’s shares closed yesterday at $61.35.

According to TipRanks, Stump is a 4-star analyst with an average return of 3.7% and a 53.69% success rate. Stump covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Jack In The Box, and McDonald’s.

Currently, the analyst consensus on Papa John’s International is a Moderate Buy with an average price target of $80.75, representing a 31.62% upside. In a report released on April 11, Stephens also initiated coverage with a Buy rating on the stock with a $75.00 price target.

PZZA market cap is currently $2.01B and has a P/E ratio of 24.78.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is neutral on the stock. Last month, Laurette Koellner, a Director at PZZA sold 2,886.00 shares for a total of $202,597.20.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Papa John’s International (PZZA) Company Description:

Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The Domestic Company-Owned Restaurants segment consists of the operations of all domestic company-owned restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned or bottled beverages. The North America Commissaries segment consists of the operations of regional dough production and product distribution centers and derives its revenues principally from the sale and distribution of food and paper products to domestic company-owned and franchised restaurants in the United States and Canada. The North America Franchising segment consists of franchise sales and support activities and derives its revenues from sales of franchise and development rights and collection of royalties from franchisees located in the United States and Canada. The International Operations segment principally consists of distribution sales to franchised Papa John’s restaurants located in the United Kingdom and franchise sales and support activities, which derive revenues from sales of franchise and development rights and the collection of royalties from international franchisees. The company was founded by John H. Schnatter in 1984 and is headquartered in Louisville, KY.