US Bancorp DE Purchases 922 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

US Bancorp DE grew its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 225.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,331 shares of the company’s stock after purchasing an additional 922 shares during the quarter. US Bancorp DE’s holdings in Papa Johns International were worth $72,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PZZA. Vanguard Group Inc. grew its holdings in Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after buying an additional 166,246 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Papa Johns International by 25.9% in 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 in the last quarter. 1832 Asset Management L.P. bought a new position in shares of Papa Johns International during the second quarter valued at about $93,586,000. Sei Investments Co. increased its stake in Papa Johns International by 30.2% in the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares during the period. Finally, Westwood Holdings Group Inc. raised its holdings in Papa Johns International by 4.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock valued at $46,280,000 after buying an additional 40,996 shares during the last quarter.

Papa Johns International Stock Down 3.7 %

NASDAQ:PZZA opened at $47.32 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.54 and a beta of 1.19. The stock’s fifty day moving average is $51.77 and its two-hundred day moving average is $48.73. 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 net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio is presently 64.11%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $60.00 price objective on shares of Papa Johns International in a research report on Friday, November 8th. Bank of America raised their target price 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. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, BMO Capital Markets cut their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Papa Johns International currently 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.