Great West Life Assurance Co. Can Acquires 1,279 Shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA)

Great West Life Assurance Co. Can boosted its holdings in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 9.8% during the first quarter, Holdings Channel reports. The fund owned 14,326 shares of the company’s stock after acquiring an additional 1,279 shares during the period. Great West Life Assurance Co. Can’s holdings in Papa John’s Int’l were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Deprince Race & Zollo Inc. bought a new position in Papa John’s Int’l in the 4th quarter valued at $25,698,000. Rhumbline Advisers grew its position in Papa John’s Int’l by 49.1% in the 4th quarter. Rhumbline Advisers now owns 80,827 shares of the company’s stock valued at $3,218,000 after acquiring an additional 26,623 shares during the last quarter. Dupont Capital Management Corp bought a new position in Papa John’s Int’l in the 4th quarter valued at $105,000. TD Asset Management Inc. grew its position in Papa John’s Int’l by 29.2% in the 4th quarter. TD Asset Management Inc. now owns 19,217 shares of the company’s stock valued at $765,000 after acquiring an additional 4,339 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Papa John’s Int’l by 9.1% in the 4th quarter. Victory Capital Management Inc. now owns 17,246 shares of the company’s stock valued at $687,000 after acquiring an additional 1,440 shares during the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder John H. Schnatter sold 3,451,413 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $45.63, for a total transaction of $157,487,975.19. Following the transaction, the insider now owns 5,509,583 shares of the company’s stock, valued at approximately $251,402,272.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder John H. Schnatter sold 200,083 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $50.71, for a total value of $10,146,208.93. Following the transaction, the insider now directly owns 9,196,724 shares in the company, valued at approximately $466,365,874.04. The disclosure for this sale can be found here. Insiders have sold a total of 3,765,557 shares of company stock worth $173,644,058 in the last three months. Corporate insiders own 43.00% of the company’s stock.

PZZA opened at $50.74 on Friday. Papa John’s Int’l, Inc. has a 12-month low of $38.05 and a 12-month high of $60.56. The firm has a market cap of $1.61 billion, a PE ratio of 37.87, a PEG ratio of 3.51 and a beta of 0.53.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Papa John’s Int’l had a negative return on equity of 13.51% and a negative net margin of 1.09%. The business had revenue of $398.41 million for the quarter, compared to the consensus estimate of $384.67 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was down 11.5% compared to the same quarter last year. On average, research analysts forecast that Papa John’s Int’l, Inc. will post 1.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, May 10th. Papa John’s Int’l’s payout ratio is 67.16%.

PZZA has been the topic of several research analyst reports. Stifel Nicolaus downgraded Papa John’s Int’l from a “hold” rating to a “sell” rating and cut their price objective for the company from $38.00 to $35.00 in a research report on Tuesday, February 19th. Citigroup cut their price objective on Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. BidaskClub raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. ValuEngine raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Finally, Stephens upped their price objective on Papa John’s Int’l from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $56.80.

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About Papa John’s Int’l

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

Further Reading: Equal Weight Rating

Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa John’s Int’l, Inc. (NASDAQ:PZZA).

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

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