Victory Capital Management Inc. Reduces Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Victory Capital Management Inc. lowered its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,908 shares of the company’s stock after selling 5,107 shares during the quarter. Victory Capital Management Inc. owned about 0.56% of Papa Johns International worth $8,640,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PZZA. Acorn Financial Advisory Services Inc. ADV raised its stake in shares of Papa Johns International by 14.9% in the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 20,938 shares of the company’s stock valued at $984,000 after acquiring an additional 2,711 shares during the period. Rhumbline Advisers boosted its position in shares of Papa Johns International by 1.4% in the second quarter. Rhumbline Advisers now owns 103,726 shares of the company’s stock worth $4,873,000 after buying an additional 1,410 shares during the period. Natixis Advisors LLC grew its stake in shares of Papa Johns International by 36.0% in the second quarter. Natixis Advisors LLC now owns 102,236 shares of the company’s stock valued at $4,803,000 after buying an additional 27,059 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Papa Johns International by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 130,066 shares of the company’s stock valued at $6,111,000 after buying an additional 1,691 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Papa Johns International by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the company’s stock worth $780,000 after acquiring an additional 400 shares during the period.

Analysts Set New Price Targets

Several research firms recently issued reports on PZZA. Piper Sandler dropped their price target on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus reduced their target price on Papa Johns International from $55.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, August 8th. Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Papa Johns International in a research note on Friday, August 23rd. Finally, UBS Group lowered their target price on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.82.

Papa Johns International Stock Performance

NASDAQ:PZZA opened at $49.60 on Monday. Papa Johns International, Inc. has a 1 year low of $39.90 and a 1 year high of $78.74. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 3.00 and a beta of 1.19. The business has a fifty day moving average of $44.97 and a 200-day moving average of $53.27.

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

Papa Johns International Dividend Announcement

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

Papa Johns International 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.