Atria Investments Inc Boosts Stock Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Atria Investments Inc boosted its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,096 shares of the company’s stock after purchasing an additional 1,135 shares during the period. Atria Investments Inc’s holdings in Papa Johns International were worth $382,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares in the last quarter. CWM LLC grew its holdings in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock valued at $91,000 after purchasing an additional 365 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Papa Johns International by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the company’s stock valued at $780,000 after purchasing an additional 400 shares in the last quarter. Quest Partners LLC grew its holdings in Papa Johns International by 12.2% during the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock valued at $177,000 after purchasing an additional 410 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Papa Johns International by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,628 shares of the company’s stock valued at $441,000 after purchasing an additional 456 shares in the last quarter.

Papa Johns International Stock Up 1.2 %

Shares of NASDAQ:PZZA opened at $47.86 on Friday. Papa Johns International, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The firm has a 50-day simple moving average of $51.73 and a 200 day simple moving average of $48.47. The company has a market cap of $1.56 billion, a PE ratio of 16.68, a P/E/G ratio of 2.37 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. As a group, research analysts forecast that Papa Johns International, Inc. will post 2.23 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PZZA shares. UBS Group raised their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 8th. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of 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 boosted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Papa Johns International presently has a consensus rating of “Hold” and a consensus price target of $60.82.

Papa Johns International 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.