Papa John’s International (PZZA) Stock Price Down 5.4%

Papa John’s International, Inc. (NASDAQ:PZZA) was down 5.4% on Wednesday . The stock traded as low as $57.23 and last traded at $57.27. Approximately 1,103,096 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 621,720 shares. The stock had previously closed at $60.56.

Several equities research analysts have weighed in on PZZA shares. Zacks Investment Research upgraded Papa John’s International from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, September 21st. Citigroup assumed coverage on Papa John’s International in a research report on Monday, September 18th. They issued a “buy” rating and a $90.00 target price for the company. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Papa John’s International in a research report on Tuesday, August 29th. TheStreet lowered Papa John’s International from a “b” rating to a “c+” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus assumed coverage on Papa John’s International in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 target price for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.56.

The company has a market cap of $2,120.00, a PE ratio of 22.26, a PEG ratio of 1.68 and a beta of 0.40. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. During the same period last year, the business earned $0.57 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. analysts anticipate that Papa John’s International, Inc. will post 2.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Tuesday, November 7th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, November 6th. Papa John’s International’s dividend payout ratio (DPR) is presently 30.93%.

In related news, Director Wayne Kent Taylor acquired 8,860 shares of Papa John’s International stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $57.53 per share, with a total value of $509,715.80. Following the transaction, the director now directly owns 30,822 shares in the company, valued at $1,773,189.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Papa John’s International by 12.4% during the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after buying an additional 383,459 shares in the last quarter. JPMorgan Chase & Co. increased its position in Papa John’s International by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,458,205 shares of the company’s stock valued at $107,411,000 after buying an additional 46,948 shares in the last quarter. Neuberger Berman Group LLC increased its position in Papa John’s International by 10.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,213,803 shares of the company’s stock valued at $88,693,000 after buying an additional 118,212 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Papa John’s International by 9.7% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,055,200 shares of the company’s stock worth $75,721,000 after purchasing an additional 93,540 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Papa John’s International by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 928,539 shares of the company’s stock worth $67,849,000 after purchasing an additional 2,621 shares in the last quarter. 84.23% of the stock is owned by institutional investors.

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Papa John’s International Company 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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