Sei Investments Co. Has $57.04 Million Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Sei Investments Co. raised its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 30.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,214,184 shares of the company’s stock after acquiring an additional 281,399 shares during the quarter. Sei Investments Co. owned about 3.68% of Papa Johns International worth $57,042,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after buying an additional 166,246 shares during the period. Earnest Partners LLC raised its stake in shares of Papa Johns International by 5.7% during the 1st quarter. Earnest Partners LLC now owns 1,724,468 shares of the company’s stock valued at $114,850,000 after purchasing an additional 93,325 shares during the period. Wellington Management Group LLP boosted its stake in Papa Johns International by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 1,698,833 shares of the company’s stock worth $129,502,000 after purchasing an additional 192,149 shares during the period. Westwood Holdings Group Inc. lifted its stake in Papa Johns International by 2.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 944,109 shares of the company’s stock worth $62,878,000 after purchasing an additional 21,198 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in Papa Johns International by 2.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 856,758 shares of the company’s stock worth $65,311,000 after purchasing an additional 20,939 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PZZA shares. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Piper Sandler dropped 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. Bank of America lowered their price objective on shares of Papa Johns International from $78.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, BMO Capital Markets decreased their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Papa Johns International presently has an average rating of “Moderate Buy” and an average price target of $58.82.

Papa Johns International Stock Performance

NASDAQ:PZZA opened at $50.10 on Monday. The stock has a 50-day simple moving average of $45.82 and a two-hundred day simple moving average of $52.46. The firm has a market capitalization of $1.65 billion, a PE ratio of 22.27, a P/E/G ratio of 3.13 and a beta of 1.19. Papa Johns International, Inc. has a 52-week low of $39.90 and a 52-week high of $78.67.

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

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s dividend payout ratio is currently 81.78%.

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.