Papa John’s International, Inc. (NASDAQ:PZZA) Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in Papa John’s International, Inc. (NASDAQ:PZZAGet Rating) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the company’s stock after selling 600 shares during the period. Strs Ohio’s holdings in Papa John’s International were worth $42,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Venture Visionary Partners LLC acquired a new position in shares of Papa John’s International in the 2nd quarter worth approximately $25,000. CWM LLC grew its stake in shares of Papa John’s International by 20.2% in the 2nd quarter. CWM LLC now owns 874 shares of the company’s stock worth $73,000 after purchasing an additional 147 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Papa John’s International by 17.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,028 shares of the company’s stock worth $86,000 after purchasing an additional 154 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Papa John’s International by 117.3% in the 1st quarter. Captrust Financial Advisors now owns 1,241 shares of the company’s stock worth $131,000 after purchasing an additional 670 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Papa John’s International in the 3rd quarter worth approximately $108,000. Institutional investors and hedge funds own 99.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Credit Suisse Group decreased their target price on shares of Papa John’s International from $123.00 to $97.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Northcoast Research cut shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Monday, November 7th. StockNews.com assumed coverage on shares of Papa John’s International in a report on Wednesday, October 12th. They issued a “hold” rating for the company. BMO Capital Markets decreased their target price on shares of 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, Wedbush cut shares of Papa John’s International from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 21st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.15.

Papa John’s International Stock Down 3.0 %

NASDAQ PZZA opened at $80.39 on Monday. The stock has a market capitalization of $2.84 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.13. The company has a 50 day moving average price of $83.18 and a two-hundred day moving average price of $81.74. Papa John’s International, Inc. has a 12-month low of $66.74 and a 12-month high of $126.62.

Papa John’s International (NASDAQ:PZZAGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The business had revenue of $510.51 million during the quarter, compared to analyst estimates of $511.17 million. Papa John’s International had a net margin of 3.27% and a negative return on equity of 49.32%. As a group, equities analysts anticipate that Papa John’s International, Inc. will post 2.88 EPS for the current year.

Papa John’s International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Monday, November 14th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, November 10th. Papa John’s International’s dividend payout ratio is 88.89%.

About Papa John’s International

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Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of the operations of all domestic company-owned restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned or bottled beverages.

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

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