Papa John’s International, Inc. (NASDAQ:PZZA) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZAGet Rating) by 12.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,329 shares of the company’s stock after selling 781 shares during the period. Shell Asset Management Co.’s holdings in Papa John’s International were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Papa John’s International by 94.5% during the 4th quarter. Invesco Ltd. now owns 1,079,046 shares of the company’s stock worth $144,019,000 after purchasing an additional 524,219 shares during the last quarter. Renaissance Technologies LLC grew its stake in Papa John’s International by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 847,468 shares of the company’s stock valued at $113,112,000 after acquiring an additional 79,000 shares in the last quarter. Geode Capital Management LLC grew its stake in Papa John’s International by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 600,934 shares of the company’s stock valued at $80,206,000 after acquiring an additional 9,529 shares in the last quarter. Principal Financial Group Inc. grew its stake in Papa John’s International by 32.2% during the 4th quarter. Principal Financial Group Inc. now owns 490,477 shares of the company’s stock valued at $65,173,000 after acquiring an additional 119,373 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Papa John’s International by 1.8% during the 4th quarter. Nuveen Asset Management LLC now owns 373,025 shares of the company’s stock valued at $49,788,000 after acquiring an additional 6,659 shares in the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.

Analyst Ratings Changes

PZZA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Papa John’s International from $109.00 to $92.00 in a research note on Monday, July 18th. BMO Capital Markets dropped their price objective on shares of Papa John’s International from $145.00 to $130.00 in a research note on Friday, May 6th. Wedbush dropped their price target on shares of Papa John’s International from $120.00 to $112.00 in a research note on Friday, May 6th. KeyCorp dropped their price target on shares of Papa John’s International from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Finally, UBS Group dropped their price target on shares of Papa John’s International from $144.00 to $93.00 in a research note on Wednesday, May 11th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.36.

Papa John’s International Stock Performance

NASDAQ:PZZA opened at $94.82 on Wednesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of -172.40, a PEG ratio of 1.94 and a beta of 1.05. The company has a 50 day moving average price of $85.89 and a 200 day moving average price of $97.14. Papa John’s International, Inc. has a fifty-two week low of $74.46 and a fifty-two week high of $140.68.

Papa John’s International (NASDAQ:PZZAGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The company had revenue of $542.69 million for the quarter, compared to analyst estimates of $540.38 million. Papa John’s International had a net margin of 4.60% and a negative return on equity of 75.29%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. Research analysts forecast that Papa John’s International, Inc. will post 3.3 earnings per share for the current fiscal year.

Papa John’s International Company Profile

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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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

See Also

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Institutional Ownership by Quarter for Papa John's International (NASDAQ:PZZA)

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