Creative Planning Increases Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Creative Planning lifted its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 59.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,548 shares of the company’s stock after buying an additional 8,438 shares during the period. Creative Planning owned about 0.07% of Papa Johns International worth $1,215,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Texas Yale Capital Corp. raised its holdings in shares of Papa Johns International by 5.6% during the 1st quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock valued at $304,000 after buying an additional 240 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Papa Johns International by 6.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock worth $265,000 after acquiring an additional 250 shares during the last quarter. Inspire Investing LLC grew its position in Papa Johns International by 6.6% during the 1st quarter. Inspire Investing LLC now owns 5,366 shares of the company’s stock worth $357,000 after acquiring an additional 333 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Papa Johns International by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock worth $1,877,000 after acquiring an additional 356 shares during the last quarter. Finally, CWM LLC grew its position in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after acquiring an additional 365 shares during the last quarter.

Papa Johns International Stock Down 1.7 %

NASDAQ PZZA opened at $51.45 on Thursday. The stock’s 50 day moving average is $50.23 and its 200 day moving average is $49.48. The firm has a market capitalization of $1.70 billion, a PE ratio of 22.87, a P/E/G ratio of 3.23 and a beta of 1.20. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $507.89 million during 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%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, research analysts anticipate that Papa Johns International, Inc. will post 2.27 earnings per share for the current year.

Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 81.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PZZA shares. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, August 8th. BMO Capital Markets reduced their price target on 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. UBS Group cut their price objective on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. KeyCorp cut their price objective on 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. Finally, Bank of America lifted their price objective on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. 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, the stock has an average rating of “Moderate Buy” and an average target price of $59.00.

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.