Bank of New York Mellon Corp Purchases 60,550 Shares of Papa John’s Pizza (PZZA)

Bank of New York Mellon Corp increased its stake in Papa John’s Pizza (NASDAQ:PZZA) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 549,113 shares of the company’s stock after purchasing an additional 60,550 shares during the quarter. Bank of New York Mellon Corp owned about 1.57% of Papa John’s Pizza worth $30,810,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PZZA. Stephens Investment Management Group LLC increased its holdings in shares of Papa John’s Pizza by 24.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 739,148 shares of the company’s stock valued at $54,010,000 after purchasing an additional 143,500 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Papa John’s Pizza by 10.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,213,803 shares of the company’s stock valued at $88,693,000 after purchasing an additional 118,212 shares during the period. CI Global Investments Inc. acquired a new position in shares of Papa John’s Pizza in the 4th quarter valued at about $4,208,000. Engineers Gate Manager LP acquired a new position in shares of Papa John’s Pizza in the 4th quarter valued at about $3,604,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Papa John’s Pizza by 13.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 474,258 shares of the company’s stock valued at $34,648,000 after purchasing an additional 55,872 shares during the period. 87.03% of the stock is owned by institutional investors and hedge funds.

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Papa John’s Pizza stock traded down $0.41 during trading hours on Friday, reaching $62.12. 680,779 shares of the company were exchanged, compared to its average volume of 812,596. The stock has a market capitalization of $2,014.50, a P/E ratio of 23.42, a PEG ratio of 1.94 and a beta of 0.56. The company has a quick ratio of 1.05, a current ratio of 1.28 and a debt-to-equity ratio of -4.21. Papa John’s Pizza has a 12 month low of $54.00 and a 12 month high of $85.20.

Papa John’s Pizza (NASDAQ:PZZA) last announced its earnings results on Tuesday, February 27th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). Papa John’s Pizza had a negative return on equity of 366.49% and a net margin of 5.79%. The company had revenue of $467.60 million for the quarter, compared to the consensus estimate of $463.61 million. During the same period in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. sell-side analysts anticipate that Papa John’s Pizza will post 2.48 earnings per share for the current year.

A number of brokerages have recently weighed in on PZZA. BidaskClub upgraded Papa John’s Pizza from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Zacks Investment Research upgraded Papa John’s Pizza from a “strong sell” rating to a “hold” rating in a report on Friday, January 5th. Deutsche Bank assumed coverage on Papa John’s Pizza in a report on Monday, December 18th. They issued a “hold” rating and a $63.00 price objective on the stock. Finally, Nomura restated a “hold” rating and issued a $58.00 price objective on shares of Papa John’s Pizza in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $76.60.

In other news, SVP Caroline Miller Oyler sold 1,766 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $61.00, for a total value of $107,726.00. Following the completion of the sale, the senior vice president now directly owns 16,762 shares of the company’s stock, valued at $1,022,482. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lance F. Tucker sold 36,783 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $59.42, for a total value of $2,185,645.86. Following the completion of the sale, the chief financial officer now directly owns 32,239 shares of the company’s stock, valued at $1,915,641.38. The disclosure for this sale can be found here. Insiders sold 46,781 shares of company stock valued at $2,793,713 over the last three months. 27.70% of the stock is owned by company insiders.

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About Papa John’s Pizza

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

Institutional Ownership by Quarter for Papa John`s Pizza (NASDAQ:PZZA)

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