Campbell & CO Investment Adviser LLC Cuts Position in Papa John's International, Inc. (NASDAQ:PZZA)

Campbell & CO Investment Adviser LLC lowered its stake in shares of Papa John's International, Inc. (NASDAQ:PZZA) by 11.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,217 shares of the company’s stock after selling 560 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Papa John's International were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Papa John's International by 300.0% during the 2nd quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. Private Advisor Group LLC acquired a new position in Papa John's International during the second quarter worth $83,000. FMR LLC boosted its position in Papa John's International by 710.7% during the second quarter. FMR LLC now owns 1,289 shares of the company’s stock worth $102,000 after purchasing an additional 1,130 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Papa John's International by 153.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the company’s stock worth $131,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Papa John's International in the first quarter valued at $138,000.

In other news, COO Jack H. Swaysland sold 19,802 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $96.27, for a total value of $1,906,338.54. Also, VP Steven R. Coke sold 2,750 shares of Papa John's International stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $97.06, for a total transaction of $266,915.00. 17.58% of the stock is currently owned by insiders.

Shares of NASDAQ PZZA opened at $81.50 on Friday. The stock has a market capitalization of $2.67 billion, a PE ratio of 232.86, a P/E/G ratio of 7.95 and a beta of 0.97. The firm has a fifty day moving average of $86.73 and a 200-day moving average of $82.35. Papa John's International, Inc. has a 52-week low of $28.55 and a 52-week high of $102.25.

Papa John's International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.08. The firm had revenue of $460.62 million during the quarter, compared to the consensus estimate of $467.47 million. Papa John's International had a negative return on equity of 15.73% and a net margin of 1.32%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. On average, sell-side analysts forecast that Papa John's International, Inc. will post 1.44 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the stock. Wedbush raised their price objective on shares of Papa John's International from $105.00 to $114.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. KeyCorp initiated coverage on Papa John's International in a report on Thursday, October 1st. They set an “overweight” rating and a $94.00 target price on the stock. Longbow Research reissued a “buy” rating and issued a $95.00 price target on shares of Papa John's International in a report on Tuesday, June 23rd. Zacks Investment Research lowered Papa John's International from a “strong-buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Friday, September 11th. Finally, Credit Suisse Group lifted their price objective on Papa John's International from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $94.63.

About Papa John's International

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.

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Institutional Ownership by Quarter for Papa John's International (NASDAQ:PZZA)

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