6,000 Shares in Papa Johns International, Inc. (NASDAQ:PZZA) Acquired by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC acquired a new stake in Papa Johns International, Inc. (NASDAQ:PZZA) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,000 shares of the company’s stock, valued at approximately $282,000.

A number of other institutional investors have also recently made changes to their positions in PZZA. Principal Securities Inc. purchased a new stake in Papa Johns International during the 4th quarter valued at $41,000. CWM LLC grew its stake in shares of Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after purchasing an additional 525 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Papa Johns International by 140.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,601 shares of the company’s stock valued at $122,000 after purchasing an additional 935 shares during the period. Blue Trust Inc. raised its position in Papa Johns International by 16.8% during the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock valued at $170,000 after purchasing an additional 520 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in Papa Johns International by 12.2% in the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock worth $177,000 after buying an additional 410 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Piper Sandler dropped their target price on shares of 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. KeyCorp reduced their price target on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus lowered their price objective on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.82.

Papa Johns International Price Performance

Shares of NASDAQ:PZZA opened at $52.25 on Thursday. The business has a fifty day moving average price of $45.51 and a 200-day moving average price of $52.87. The company has a market capitalization of $1.72 billion, a PE ratio of 23.22, a PEG ratio of 3.02 and a beta of 1.19. Papa Johns International, Inc. has a 1-year low of $39.90 and a 1-year high of $78.67.

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

Papa Johns International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, August 19th. This represents a $1.84 annualized dividend and a yield of 3.52%. Papa Johns International’s dividend payout ratio is 81.78%.

About Papa Johns International

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.