Rhumbline Advisers Purchases 1,410 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Rhumbline Advisers lifted its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,726 shares of the company’s stock after acquiring an additional 1,410 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Papa Johns International worth $4,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PZZA. Truist Financial Corp grew its stake in shares of Papa Johns International by 11.0% during the 4th quarter. Truist Financial Corp now owns 5,043 shares of the company’s stock worth $384,000 after acquiring an additional 501 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Papa Johns International by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 321,780 shares of the company’s stock worth $24,529,000 after purchasing an additional 11,917 shares during the period. Principal Securities Inc. bought a new position in Papa Johns International in the 4th quarter worth about $41,000. Dimensional Fund Advisors LP boosted its stake in Papa Johns International by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 723,329 shares of the company’s stock worth $55,140,000 after purchasing an additional 12,949 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Papa Johns International by 140.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,601 shares of the company’s stock worth $122,000 after purchasing an additional 935 shares during the period.

Papa Johns International Trading Up 1.2 %

Shares of NASDAQ PZZA opened at $49.60 on Monday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 3.00 and a beta of 1.19. Papa Johns International, Inc. has a 1-year low of $39.90 and a 1-year high of $78.74. The stock’s 50-day moving average is $44.97 and its 200 day moving average is $53.27.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. Papa Johns International’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. On average, analysts forecast that Papa Johns International, Inc. will post 2.27 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.84 dividend on an annualized basis and a yield of 3.71%. Papa Johns International’s dividend payout ratio (DPR) is currently 81.78%.

Analysts Set New Price Targets

Several brokerages have commented on PZZA. BMO Capital Markets cut their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Bank of America dropped their price target on Papa Johns International from $78.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Wedbush reiterated an “outperform” rating and set a $51.00 price target on shares of Papa Johns International in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler dropped their price target on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.82.

Papa Johns International Company Profile

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.