First Trust Advisors LP Grows Holdings in Papa John’s Int’l, Inc. (PZZA)

First Trust Advisors LP raised its stake in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 37.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,488 shares of the company’s stock after purchasing an additional 6,440 shares during the quarter. First Trust Advisors LP’s holdings in Papa John’s Int’l were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. bought a new position in shares of Papa John’s Int’l in the second quarter worth about $324,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Papa John’s Int’l in the second quarter worth about $322,000. Huber Financial Advisors LLC bought a new position in shares of Papa John’s Int’l in the second quarter worth about $440,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Papa John’s Int’l by 24.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 14,316 shares of the company’s stock worth $726,000 after acquiring an additional 2,850 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Papa John’s Int’l in the second quarter worth about $720,000. Hedge funds and other institutional investors own 80.47% of the company’s stock.

A number of equities analysts have recently weighed in on PZZA shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Papa John’s Int’l in a research note on Wednesday, November 14th. Bank of America raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research note on Monday, August 27th. ValuEngine lowered Papa John’s Int’l from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Longbow Research upped their price objective on Papa John’s Int’l from $52.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, October 15th. Finally, BidaskClub raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.50.

Shares of Papa John’s Int’l stock opened at $45.08 on Friday. Papa John’s Int’l, Inc. has a 12 month low of $38.05 and a 12 month high of $69.45. The company has a market cap of $1.45 billion, a P/E ratio of 17.21, a PEG ratio of 2.48 and a beta of 0.19.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Papa John’s Int’l had a net margin of 2.64% and a negative return on equity of 27.98%. The firm had revenue of $364.01 million for the quarter, compared to the consensus estimate of $390.62 million. During the same period in the previous year, the company posted $0.60 earnings per share. Papa John’s Int’l’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities analysts anticipate that Papa John’s Int’l, Inc. will post 1.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Monday, November 12th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, November 8th. Papa John’s Int’l’s payout ratio is presently 34.35%.

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Papa John’s Int’l Company Profile

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.

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

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