Fmr LLC boosted its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA – Free Report) by 89.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,150 shares of the company’s stock after acquiring an additional 2,900 shares during the period. Fmr LLC’s holdings in Papa Johns International were worth $331,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. 1832 Asset Management L.P. bought a new stake in Papa Johns International in the 2nd quarter worth approximately $93,586,000. River Road Asset Management LLC increased its position in 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 during the last quarter. Cowen AND Company LLC bought a new stake in Papa Johns International in the second quarter worth $32,736,000. Earnest Partners LLC raised its stake in Papa Johns International by 25.9% during the second 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 in the last quarter. Finally, Sei Investments Co. lifted its position in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after purchasing an additional 281,399 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on PZZA. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. UBS Group boosted their price objective on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Bank of America upped their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a report on Friday, December 13th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Friday, December 13th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.82.
Papa Johns International Stock Down 2.5 %
PZZA stock opened at $38.91 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.27 and a beta of 1.16. Papa Johns International, Inc. has a twelve month low of $38.80 and a twelve month high of $78.67. The business’s fifty day simple moving average is $49.94 and its two-hundred day simple moving average is $47.89.
Papa Johns International (NASDAQ:PZZA – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Research analysts expect that Papa Johns International, Inc. will post 2.21 EPS for the current year.
Papa Johns International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.73%. Papa Johns International’s 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.
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