Pizza chain Papa John's, the official pizza company of the National Football League since 2010, has chose to pull its National Football League television advertising, citing "negative consumer sentiment", according ESPN's Darren Rovell. The lowering of its 2017 SSSG (same-store sales growth) guidance and EPS growth guidance appear to have compelled analysts to lower their target prices. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. None recommends a "sell". Jefferies Group LLC reaffirmed a "hold" rating and issued a $83.00 price target on shares of Papa John's worldwide in a report on Friday, July 14th. Investors have to carefully analyze the various parameters we're discussing in this series before making investment decisions. Victory Capital Management Inc. raised its stake in shares of Papa John's global by 55.0% during the first quarter. The firm has a market capitalization of $2.21 billion, a P/E ratio of 23.25 and a beta of 0.47. The stock has a consensus rating of "Hold" and a consensus price target of $80.11. IFP Advisors Inc now owns 2,644 shares of the company's stock valued at $180,000 after buying an additional 91 shares during the period. Arizona State Retirement System now owns 14,350 shares of the company's stock valued at $976,000 after buying an additional 100 shares during the period. IFP Advisors Inc boosted its stake in shares of Papa John's global by 3.6% in the second quarter.
Just to egg 'em on a little more, DiGiorno followed up with this tweet, and according to Eater, changed its Twitter bio to "Better Pizza". Segall Bryant & Hamill LLC now owns 6,360 shares of the company's stock valued at $432,000 after buying an additional 81 shares during the last quarter. BlackRock Inc. grew its stake in Papa John's worldwide by 12.4% during the 2nd quarter. While some people on the right rallied to support Papa John's, others took the opportunity to roast the chain - including by insulting the quality of its pizza. TimesSquare Capital Management LLC grew its stake in Papa John's global by 9.7% during the 2nd quarter.
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The pizza industry is joining together in solidarity to roast Papa John's. Vanguard Group Inc. grew its stake in Papa John's worldwide by 7.3% during the 1st quarter. Institutional investors and hedge funds own 75.20% of the company's stock.