Amalgamated Bank Sells 380 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Amalgamated Bank lessened its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,691 shares of the company’s stock after selling 380 shares during the quarter. Amalgamated Bank’s holdings in Papa Johns International were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PZZA. Signaturefd LLC raised its position in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC bought a new position in shares of Papa Johns International in the third quarter valued at approximately $42,000. CWM LLC raised its position 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 valued at $62,000 after purchasing an additional 525 shares during the period. US Bancorp DE raised its position in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International in the third quarter valued at approximately $156,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets dropped their price target 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of 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. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research report on Thursday, November 7th. Piper Sandler dropped their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group boosted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Stock Performance

Shares of NASDAQ:PZZA opened at $47.32 on Friday. Papa Johns International, Inc. has a 52 week low of $39.90 and a 52 week high of $78.67. The company’s fifty day moving average is $51.77 and its 200-day moving average is $48.73. The company has a market capitalization of $1.54 billion, a PE ratio of 16.49, a P/E/G ratio of 2.54 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. During the same quarter in the previous year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts forecast that Papa Johns International, Inc. will post 2.23 EPS for the current year.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.46 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.89%. Papa Johns International’s dividend payout ratio is 64.11%.

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.