Nomura Downgrades Papa John's Int'l to Neutral

Brokerage firm Nomura Downgrades its rating on Papa John's Int'l(NASDAQ:PZZA). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Nomura was issued on Jun 22, 2016.

Papa John's Int'l (PZZA) shares turned negative on Mondays trading session with the shares closing down -0.87 points or -1.30% at a volume of 4,30,992. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.66. The peak price level was also seen at $66.66 while the days lowest was $65.51. Finally the shares closed at $65.82. The 52-week high of the shares is $79.4 while the 52-week low is $42.87. According to the latest information available, the market cap of the company is $2,451 M.

Papa John's Int'l(PZZA) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $428.60M. Analysts had an estimated revenue of $440.89M. Earnings per share were $0.69. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On Nov 9, 2015, Wayne Kent Taylor (director) purchased 8,590 shares at $57.71 per share price.Also, On Jun 5, 2015, Robert C. Kraut (SVP, Chief Marketing Officer) sold 2,493 shares at $68.00 per share price.On Jun 2, 2015, Steve M Ritchie (Chief Operating Officer) sold 2,750 shares at $69.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Papa John’s International Inc. (Papa John’s) operates and franchises pizza delivery and carryout restaurants. The Company operates these restaurants in international markets dine-in and delivery restaurants under the trademark Papa John’s. Papa John’s operates in five segments: domestic Company-owned restaurants domestic commissaries 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 operations outside of the United States and Canada. The Company owns full-service international QC Centers in the United Kingdom Mexico City Mexico and Beijing China. Its other international QC Centers are licensed to franchisees or non-franchisee third parties and are located in the markets where the Company’s franchisees have restaurants.

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