Papa John’s revises upward after Q2 financials reported

The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The ratio dropped, as 37 funds sold all Papa John’s Int’l, Inc. shares owned while 73 reduced positions.

Papa John’s is the most recognized brand among fans of the National Football League and the chain intends to keep it that way, announcing it had renewed its multiyear deal as the official pizza sponsor of the NFL and the Super Bowl. Morgan Stanley now owns 235,896 shares of the company’s stock worth $13,180,000 after buying an additional 155,361 shares during the period.

According to Thomson Reuters, analysts on average are expecting the company to earn $2.42 a share this year.

Headquartered in Louisville, Kentucky, Papa John’s International, Inc.

“We are pleased with our strong second-quarter results, with good comp sales leading to another quarter of excellent earnings growth“, said Papa John’s founder, chairman and CEO, John Schnatter. Finally, TheStreet downgraded Papa John’s global to a “hold” rating in a report on Friday, May 6th. BTIG Research set a $78.00 price objective on Papa John’s global and gave the stock a “buy” rating in a report on Wednesday.

KeyBanc analyst Chris O’Cull reiterated his target price of $80, which is well above the consensus of $71, in his research note on Tuesday. During the same quarter in the previous year, the company posted $0.47 EPS. Finally, Capstone Asset Management Co. boosted its stake in shares of Papa John’s global by 5.2% in the second quarter. The heightened volatility saw the trading volume jump to 1,91,893 shares. Papa John’s worldwide has a one year low of $44.47 and a one year high of $78.09. Company has a market cap of $2,754 M.

The company said revenue for the quarter rose 6.0% to $422.96 million. Investors of record on Monday, August 8th will be paid a $0.20 dividend. Its Company owned restaurants includes 182 restaurants operated under four joint venture arrangements. The Company operates in six segments: domestic Company-owned restaurants, domestic commissaries (Quality Control Centers), North America franchising, global operations, variable interest entities (VIEs) and all other business units. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, worldwide operations, and all other business units.

11/19/2015 – Papa John’s International Inc. was upgraded to “buy” by analysts at Sidoti.