At $61.23 Papa John's International, Inc. (PZZA) Forms Bearish Multiple Bottom Chart Pattern

April 20, 2018 - By Georgina Andrews

Papa John's International, Inc. (NASDAQ:PZZA) Corporate Logo

During Q4 2017 the big money sentiment decreased to 0.97. That’s change of 0.08, from 2017Q3’s 1.05. 39 investors sold all, 65 reduced holdings as Papa John's International, Inc. ratio turned negative. 50 rose stakes while 51 funds amassed stakes. Funds hold 28.52 million shares thus 1.80% less from 2017Q3’s 29.04 million shares.
Gemmer Asset Mngmt Limited Liability holds 52 shs or 0% of its capital. Quantbot Tech L P owns 40,181 shs. Tiger Management Lc has invested 0.13% in Papa John's International, Inc. (NASDAQ:PZZA). Sheets Smith Wealth holds 1.42% in Papa John's International, Inc. (NASDAQ:PZZA) or 107,722 shs. Fifth Third Bank & Trust, Ohio-based fund reported 1,991 shs. Swiss Bank & Trust holds 45,500 shs or 0% of its capital. Carroll Fin Associate Inc has 0% invested in Papa John's International, Inc. (NASDAQ:PZZA) for 100 shs. Citigroup accumulated 0% or 21,128 shs. Moreover, Sg Americas Ltd Liability has 0% invested in Papa John's International, Inc. (NASDAQ:PZZA) for 9,444 shs. Federated Invsts Pa reported 11,860 shs stake. Bessemer Gru Incorporated accumulated 243 shs. Virginia Retirement Et Al has 0.02% invested in Papa John's International, Inc. (NASDAQ:PZZA). Victory Cap Management has invested 0% of its capital in Papa John's International, Inc. (NASDAQ:PZZA). Cooper Creek Prtnrs Mngmt Ltd Liability accumulated 106,456 shs or 3.86% of the stock. Stone Ridge Asset Management Ltd Liability Com invested 0.02% in Papa John's International, Inc. (NASDAQ:PZZA).

Papa John's International, Inc. had 4 selling transactions and 0 insider purchases since March 1, 2018. This’s net activity of $3.47 million. On Thursday, March 1 SHAPIRO MARK S also sold $500,318 worth of Papa John's International, Inc. (NASDAQ:PZZA). OHern Timothy C also sold $677,623 worth of Papa John's International, Inc. (NASDAQ:PZZA) shs. Oyler Caroline Miller sold $107,726 worth of Papa John's International, Inc. (NASDAQ:PZZA) on Friday, March 9.

Multiple bottoms technical pattern was formed by Papa John's International, Inc. (PZZA) with $56.94 price target or 7.00 % below today’s $61.23 share price. Finviz.com featured the multiple bottoms technical pattern on Apr, 20. The valuation of PZZA can change by $138.11M if our $56.94 price target is reached.

Ticker’s shares touched $61.23 during the last trading session after 0.07% change.Currently Papa John's International, Inc. is downtrending after 27.44% change in last April 20, 2017. PZZA has 14,602 shares volume. The stock underperformed the S&P 500 by 38.99%.

On May, 1 is expected Papa John's International, Inc. (NASDAQ:PZZA)’s earnings report, according to RTT. Analysts forecast $0.63 earnings per share, which is $0.14 down or 18.18 % from 2017’s $0.77 earnings per share. This could reach $20.30 million profit for PZZA assuming the current $0.63 earnings per share will become reality. Wall Street now forecasts -3.08 % negative EPS growth despite Papa John's International, Inc. last quarter’s EPS of $0.65.

Papa John's International, Inc. (NASDAQ:PZZA) Ratings Coverage

A total of 4 analysts rate Papa John’s International (NASDAQ:PZZA) as follows: 0 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 0 are bullish. The firm has $90.0 highest and $60.0 lowest target. The avg target $71 is 15.96% above the last ($61.23) price. (NASDAQ:PZZA) has 5 ratings reports on Apr 20, 2018 according to StockzIntelligence. On Monday, December 18 the rating was initiated by Deutsche Bank with “Hold”. On Tuesday, October 24 the rating was maintained by BTIG Research with “Buy”. On Friday, October 27 Nomura maintained the shares of PZZA in report with “Neutral” rating. On Friday, December 22 the stock has “Hold” rating by Jefferies. On Thursday, November 2 the firm earned “Neutral” rating by BTIG Research.

Papa John's International, Inc. (NASDAQ:PZZA) Institutional Investors Chart

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