Janney Montgomery Scott LLC Takes Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Janney Montgomery Scott LLC acquired a new stake in Papa Johns International, Inc. (NASDAQ:PZZA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,352 shares of the company’s stock, valued at approximately $773,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its position in shares of Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after acquiring an additional 259 shares in the last quarter. CWM LLC raised its position in shares of Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after acquiring an additional 365 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of 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 worth $780,000 after acquiring an additional 400 shares in the last quarter. Quest Partners LLC raised its position in shares of Papa Johns International by 12.2% during the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock worth $177,000 after acquiring an additional 410 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Papa Johns International by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,628 shares of the company’s stock worth $441,000 after acquiring an additional 456 shares in the last quarter.

Papa Johns International Trading Down 3.7 %

NASDAQ:PZZA opened at $47.32 on Monday. The firm has a market cap of $1.54 billion, a P/E ratio of 16.49, a PEG ratio of 2.37 and a beta of 1.19. The stock’s 50 day simple moving average is $51.77 and its 200-day simple moving average is $48.64. Papa Johns International, Inc. has a 12-month low of $39.90 and a 12-month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released 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 business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Research analysts forecast that Papa Johns International, Inc. will post 2.23 EPS for the current fiscal year.

Papa Johns International Announces Dividend

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 paid a $0.46 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 64.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. 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. Piper Sandler cut their target price on 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. Deutsche Bank Aktiengesellschaft cut their target price on 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. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, November 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of Papa Johns International in a research report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.82.

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.