Intech Investment Management LLC Takes Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Intech Investment Management LLC bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 7,630 shares of the company’s stock, valued at approximately $411,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC increased its position in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Papa Johns International during the third quarter worth $42,000. CWM LLC raised its position in Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares in the last quarter. US Bancorp DE lifted its stake in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after acquiring an additional 922 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Papa Johns International in the 3rd quarter valued at about $156,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. KeyCorp lowered shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Piper Sandler decreased their target price on shares of 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. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Friday, November 8th. UBS Group lifted their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Stephens reissued an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a report on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Stock Performance

PZZA opened at $49.54 on Tuesday. The company has a fifty day moving average of $51.52 and a two-hundred day moving average of $48.15. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.51 and a beta of 1.19. Papa Johns International, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $78.67.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm 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 company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.71%. 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.