Texas Permanent School Fund Corp Sells 3,661 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Texas Permanent School Fund Corp cut its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,517 shares of the company’s stock after selling 3,661 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of Papa Johns International worth $1,152,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PZZA. Cowen AND Company LLC bought a new stake in Papa Johns International in the 2nd quarter valued at $32,736,000. Norges Bank bought a new stake in shares of Papa Johns International during the 4th quarter valued at $29,204,000. Sei Investments Co. lifted its position in shares of Papa Johns International by 35.3% during the 4th quarter. Sei Investments Co. now owns 889,918 shares of the company’s stock valued at $67,838,000 after acquiring an additional 232,177 shares during the period. Wellington Management Group LLP lifted its position in shares of Papa Johns International by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 1,698,833 shares of the company’s stock valued at $129,502,000 after acquiring an additional 192,149 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after acquiring an additional 166,246 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PZZA shares. Deutsche Bank Aktiengesellschaft cut 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. Bank of America cut their target price 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. KeyCorp cut their target price on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, August 8th. Finally, Piper Sandler cut their target price 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.82.

Papa Johns International Stock Down 3.1 %

Shares of PZZA opened at $50.10 on Friday. Papa Johns International, Inc. has a 12-month low of $39.90 and a 12-month high of $78.67. The business has a 50-day simple moving average of $45.82 and a two-hundred day simple moving average of $52.72. The stock has a market cap of $1.63 billion, a PE ratio of 22.27, a PEG ratio of 3.13 and a beta of 1.19.

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 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 business had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Papa Johns International, Inc. will post 2.27 EPS for the current year.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.46 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.84 dividend on an annualized basis and a yield of 3.67%. Papa Johns International’s payout ratio is presently 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.