Fundamental and Technical Insights on Papa John’s International Inc (NASDAQ:PZZA)

Papa John’s International Inc (NASDAQ:PZZA) (TREND ANALYSIS) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $70.17, down by -4.28%, with a volume of 707,971 shares against an average volume for the last 3 months of 329,523.

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Papa John’s International Inc (NASDAQ:PZZA) stock is currently trading 11.62% below its 52-week-high, 53.61% above its 52-week-low. The 1-year stock price history is in the range of $45.68 – $79.4. Papa John’s International Inc (PZZA) has a price to earnings ratio of 40.77 versus Services sector average of 18.21. PZZA stock price has outperformed the Nasdaq by 16.6%. The Restaurants company is currently valued at $2.77 billion and its share price closed the last trading session at $70.17. The stock has a 50-day moving average of $69.38 and a 200-day moving average of $69.91.

Papa John’s International Inc (PZZA) current short interest stands at 2.71 million shares. It has increased by 8% from the same period of last month. Around 10% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.35 million shares, the number of days required to cover the short positions stand at 7.8 days.

The company is expected to announce next quarter earnings on November 03, at consensus estimate of $0.45. Papa John’s International Inc (PZZA) reported last quarter earnings on August 04. The Restaurants company announced earnings per share of $0.47 against a consensus Street estimate of $0.49, missing estimate by $0.02. This corresponds to an increase of $0.09 compared to the same quarter of the previous fiscal year.

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There are currently eight analysts that cover Papa John’s International Inc stock. Of those eight, three have a Buy rating, four have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $78.29.

A recent analyst activity consisted of KeyBanc downgrading their Overweight rating to Sector Weight on October 30. On the date of report, the stock closed at $70.17.

Nomura initiated their coverage on the stock with Buy rating on October 2, and fixed their price target at $85. This corresponds to a 21.13% upside from the last closing price. On the date of report, the stock closed at $68.32.

Papa John’s International Inc (PZZA) has a debt to equity ratio of 267% compared to Services sector average of 115.5%. The company has a current ratio of 1.3. This ratio should be higher than one (ideally two) and is an indicator to show if the company is able to finance its short term obligations. Indeed it should have higher short term assets to dispose in order to cover for its short term liabilities.

Company profile

Papa John’s International, Inc. operates and franchises pizza delivery and carry-out restaurants under the Papa John’s trademark. The Company operates restaurants in the United States and international markets.

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