American Century Companies Inc. boosted its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 765,305 shares of the company’s stock after purchasing an additional 152,845 shares during the quarter. American Century Companies Inc. owned about 2.10% of Papa John’s International worth $55,921,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. Flinton Capital Management LLC boosted its holdings in shares of Papa John’s International by 76.9% during the second quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock worth $132,000 after purchasing an additional 800 shares during the period. Victory Capital Management Inc. lifted its stake in Papa John’s International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock valued at $185,000 after acquiring an additional 386 shares during the last quarter. Trexquant Investment LP acquired a new stake in Papa John’s International in the second quarter valued at approximately $201,000. Riverhead Capital Management LLC lifted its stake in Papa John’s International by 87.3% in the second quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock valued at $215,000 after acquiring an additional 1,396 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its stake in Papa John’s International by 11.5% in the second quarter. LS Investment Advisors LLC now owns 3,047 shares of the company’s stock valued at $219,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 85.30% of the company’s stock.
Papa John’s International, Inc. (NASDAQ PZZA) opened at $57.58 on Wednesday. Papa John’s International, Inc. has a 12 month low of $56.71 and a 12 month high of $90.49. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26. The stock has a market capitalization of $2,016.67, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.
Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The firm had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Papa John’s International, Inc. will post 2.76 EPS for the current year.
Papa John’s International announced that its board has initiated a stock buyback plan on Tuesday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 198% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were paid a $0.225 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.90 dividend on an annualized basis and a yield of 1.56%. Papa John’s International’s dividend payout ratio (DPR) is presently 31.03%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 target price on shares of Papa John’s International in a research report on Friday, November 3rd. Jefferies Group LLC restated a “hold” rating and set a $65.00 target price on shares of Papa John’s International in a research report on Friday, November 3rd. TheStreet cut Papa John’s International from a “b” rating to a “c+” rating in a research note on Tuesday, October 31st. Finally, BTIG Research cut Papa John’s International from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Papa John’s International presently has an average rating of “Hold” and a consensus target price of $79.56.
In other Papa John’s International news, Director Wayne Kent Taylor bought 8,860 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $57.53 per share, for a total transaction of $509,715.80. Following the purchase, the director now directly owns 30,822 shares of the company’s stock, valued at $1,773,189.66. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Timothy C. Ohern sold 9,218 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the completion of the sale, the senior vice president now owns 35,650 shares of the company’s stock, valued at approximately $2,676,602. The disclosure for this sale can be found here. 27.70% of the stock is owned by corporate insiders.
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Papa John’s International Profile
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
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