Mutual of America Capital Management LLC Cuts Stock Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Mutual of America Capital Management LLC trimmed its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,908 shares of the company’s stock after selling 512 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Papa Johns International were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PZZA. 1832 Asset Management L.P. purchased a new position in Papa Johns International in the second quarter worth about $93,586,000. River Road Asset Management LLC increased its stake in shares of Papa Johns International by 88.1% in the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after purchasing an additional 1,070,485 shares in the last quarter. Cowen AND Company LLC purchased a new stake in Papa Johns International in the 2nd quarter worth $32,736,000. Earnest Partners LLC raised its stake in Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after purchasing an additional 446,477 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Papa Johns International by 30.2% in the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after buying an additional 281,399 shares in the last quarter.

Papa Johns International Stock Up 1.1 %

Shares of Papa Johns International stock opened at $49.76 on Friday. The company has a 50 day moving average price of $51.58 and a 200 day moving average price of $48.24. The firm has a market capitalization of $1.62 billion, a P/E ratio of 17.34, a PEG ratio of 2.51 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 data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, research analysts anticipate that Papa Johns International, Inc. will post 2.23 earnings per share for the current fiscal year.

Papa Johns International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

Analysts Set New Price Targets

PZZA has been the subject of several research analyst reports. Bank of America raised their price target on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. UBS Group raised their price objective on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Piper Sandler reduced their price target on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.82.

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.