Papa John’s International, Inc. (NASDAQ:PZZA) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in Papa John’s International, Inc. (NASDAQ:PZZAGet Rating) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 70,457 shares of the company’s stock after selling 3,943 shares during the quarter. California Public Employees Retirement System’s holdings in Papa John’s International were worth $5,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Venture Visionary Partners LLC acquired a new stake in Papa John’s International in the 2nd quarter valued at approximately $25,000. CWM LLC increased its holdings in shares of Papa John’s International by 20.2% during the second quarter. CWM LLC now owns 874 shares of the company’s stock valued at $73,000 after purchasing an additional 147 shares during the period. Fifth Third Bancorp raised its stake in shares of Papa John’s International by 17.6% during the second quarter. Fifth Third Bancorp now owns 1,028 shares of the company’s stock valued at $86,000 after purchasing an additional 154 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Papa John’s International by 117.3% during the first quarter. Captrust Financial Advisors now owns 1,241 shares of the company’s stock valued at $131,000 after purchasing an additional 670 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Papa John’s International by 11.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,950 shares of the company’s stock worth $163,000 after purchasing an additional 200 shares during the period. Institutional investors own 96.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens dropped their price target on shares of Papa John’s International from $100.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. KeyCorp cut their target price on Papa John’s International from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, September 30th. Credit Suisse Group lowered their price target on Papa John’s International from $123.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. BMO Capital Markets cut their price objective on Papa John’s International from $125.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Finally, UBS Group dropped their price target on shares of Papa John’s International to $80.00 in a research report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Papa John’s International has a consensus rating of “Moderate Buy” and a consensus price target of $104.15.

Papa John’s International Stock Performance

Shares of NASDAQ:PZZA opened at $84.09 on Friday. The firm has a 50 day simple moving average of $75.45 and a 200 day simple moving average of $81.97. Papa John’s International, Inc. has a 52 week low of $66.74 and a 52 week high of $138.52. The company has a market cap of $2.97 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10.

Papa John’s International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 14th will be given a $0.42 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. Papa John’s International’s dividend payout ratio (DPR) is presently 88.89%.

Papa John’s International 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.

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

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