Papa John’s International, Inc. (NASDAQ:PZZA) Position Increased by Diametric Capital LP

Diametric Capital LP increased its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA – Get Rating) by 12.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,266 shares of the company’s stock after buying an additional 1,710 shares during the quarter. Papa John’s International comprises about 1.6% of Diametric Capital LP’s holdings, making the stock its 15th biggest position. Diametric Capital LP’s holdings in Papa John’s International were worth $2,038,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. United Capital Management of KS Inc. raised its holdings in shares of Papa John’s International by 1.5% during the fourth quarter. United Capital Management of KS Inc. now owns 8,771 shares of the company’s stock worth $1,171,000 after acquiring an additional 128 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Papa John’s International by 4.2% during the fourth quarter. M&T Bank Corp now owns 4,694 shares of the company’s stock worth $626,000 after acquiring an additional 189 shares in the last quarter. US Bancorp DE raised its holdings in shares of Papa John’s International by 20.2% during the third quarter. US Bancorp DE now owns 1,328 shares of the company’s stock worth $169,000 after acquiring an additional 223 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Papa John’s International by 0.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 28,948 shares of the company’s stock worth $3,864,000 after acquiring an additional 249 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Papa John’s International by 8.2% during the third quarter. LPL Financial LLC now owns 4,255 shares of the company’s stock worth $540,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.

PZZA stock traded up $5.18 during trading on Wednesday, reaching $83.05. 915,982 shares of the stock were exchanged, compared to its average volume of 517,689. The stock has a 50 day simple moving average of $95.36 and a 200-day simple moving average of $112.05. The company has a market capitalization of $2.97 billion, a P/E ratio of -151.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. Papa John’s International, Inc. has a twelve month low of $74.46 and a twelve month high of $140.68.

Papa John’s International (NASDAQ:PZZA – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. The company had revenue of $542.69 million for the quarter, compared to the consensus estimate of $540.38 million. Papa John’s International had a negative return on equity of 75.29% and a net margin of 4.60%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Equities research analysts expect that Papa John’s International, Inc. will post 3.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, May 13th. Papa John’s International’s payout ratio is -254.55%.

Several equities analysts have weighed in on PZZA shares. KeyCorp cut their target price on Papa John’s International from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd. Credit Suisse Group cut their target price on Papa John’s International from $154.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, April 4th. Stifel Nicolaus cut their target price on Papa John’s International from $165.00 to $155.00 in a report on Thursday, February 24th. Deutsche Bank Aktiengesellschaft cut their target price on Papa John’s International from $122.00 to $109.00 in a report on Friday, May 6th. Finally, Stephens lowered their price target on Papa John’s International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, February 25th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $133.20.

Papa John’s International Company Profile (Get Rating)

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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