Oppenheimer downgrades Papa John’s International, Inc. (PZZA) stock to a Perform

Papa John’s International, Inc.’s recently made public that its Director KOELLNER LAURETTE T unloaded Company’s shares for reported $0.2 million on Mar 07 ’24. In the deal valued at $70.21 per share,2,886 shares were sold. As a result of this transaction, KOELLNER LAURETTE T now holds 18,804 shares worth roughly $1.36 million.

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Oppenheimer downgraded its Papa John’s International, Inc. [PZZA] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early January from “a Hold” to “a Sell”. Stifel also remained covering PZZA and has decreased its forecast on November 03, 2023 with a “Hold” recommendation from previously “Buy” rating. Wedbush revised its rating on October 26, 2023. It rated PZZA as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of PZZA

On Tuesday, Papa John’s International, Inc. [NASDAQ:PZZA] saw its stock jump 2.33% to $72.49. Over the last five days, the stock has gained 2.52%. Papa John’s International, Inc. shares have fallen nearly -4.91% since the year began. Nevertheless, the stocks have fallen -6.65% over the past one year. While a 52-week high of $86.38 was reached on 01/24/24, a 52-week low of $60.66 was recorded on 03/01/24. SMA at 50 days reached $73.11, while 200 days put it at $72.70. A total of 0.43 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For PZZA Stock

The 24-hour chart illustrates a support level at 71.05, which if violated will result in even more drops to 69.61. On the upside, there is a resistance level at 73.35. A further resistance level may holdings at 74.20. The Relative Strength Index (RSI) on the 14-day chart is 52.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.66%. Stochastics %K at 33.98% indicates the stock is a holding.

How much short interest is there in Papa John’s International, Inc.?

A steep rise in short interest was recorded in Papa John’s International, Inc. stocks on Feb 29, 2024, growing by 0.13 million shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.32 million shares. There was a rise of 5.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.28.

The most recent change occurred on October 19, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $71 price target.

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