Bank of New York Mellon Corp Raises Position in Papa John’s International, Inc. (NASDAQ:PZZA)

Bank of New York Mellon Corp grew its holdings in shares of Papa John’s International, Inc. (NASDAQ:PZZA – Get Rating) by 0.8% in the third quarter, HoldingsChannel reports. The fund owned 455,268 shares of the company’s stock after purchasing an additional 3,491 shares during the quarter. Bank of New York Mellon Corp’s holdings in Papa John’s International were worth $31,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PZZA. Ellevest Inc. purchased a new position in Papa John’s International during the third quarter valued at approximately $30,000. Pacer Advisors Inc. bought a new stake in shares of Papa John’s International during the 3rd quarter valued at $108,000. Captrust Financial Advisors lifted its stake in shares of Papa John’s International by 117.3% during the 1st quarter. Captrust Financial Advisors now owns 1,241 shares of the company’s stock valued at $131,000 after buying an additional 670 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Papa John’s International by 10.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,145 shares of the company’s stock worth $153,000 after buying an additional 195 shares during the period. Finally, Inspire Investing LLC increased its stake in Papa John’s International by 16.1% in the 3rd quarter. Inspire Investing LLC now owns 2,942 shares of the company’s stock worth $206,000 after buying an additional 407 shares in the last quarter. 99.21% of the stock is owned by institutional investors.

Papa John’s International Stock Performance

Shares of Papa John’s International stock opened at $77.92 on Tuesday. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The stock has a 50 day moving average price of $86.73 and a 200-day moving average price of $81.63. Papa John’s International, Inc. has a one year low of $66.74 and a one year high of $108.53.

Papa John’s International (NASDAQ:PZZA – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $526.23 million during the quarter, compared to analyst estimates of $524.08 million. Papa John’s International had a net margin of 3.22% and a negative return on equity of 43.32%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. Sell-side analysts predict that Papa John’s International, Inc. will post 2.92 earnings per share for the current fiscal year.

Papa John’s International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Monday, February 6th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, February 3rd. Papa John’s International’s payout ratio is currently 89.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PZZA. Stifel Nicolaus lowered their price objective on Papa John’s International from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, February 28th. StockNews.com upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating in a research report on Sunday. Credit Suisse Group reissued an “outperform” rating and issued a $97.00 target price on shares of Papa John’s International in a report on Monday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Papa John’s International from $80.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, March 7th. Finally, Wedbush decreased their price target on shares of Papa John’s International from $96.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, February 24th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.33.

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.