123,300 Shares in Papa John’s International, Inc. (NASDAQ:PZZA) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,300 shares of the company’s stock, valued at approximately $5,020,000.

A number of other large investors have also added to or reduced their stakes in PZZA. CIBC Private Wealth Group LLC acquired a new stake in Papa John’s International during the fourth quarter worth approximately $30,000. Signaturefd LLC grew its position in Papa John’s International by 214.7% during the first quarter. Signaturefd LLC now owns 1,388 shares of the company’s stock worth $57,000 after buying an additional 947 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Papa John’s International during the fourth quarter worth $58,000. CWM LLC lifted its stake in Papa John’s International by 27.2% during the first quarter. CWM LLC now owns 1,610 shares of the company’s stock worth $66,000 after purchasing an additional 344 shares during the last quarter. Finally, State of Wyoming bought a new stake in Papa John’s International during the fourth quarter worth $87,000.

Analysts Set New Price Targets

PZZA has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and set a $50.00 target price on shares of Papa John’s International in a research note on Thursday, June 12th. Benchmark restated a “buy” rating and set a $50.00 target price on shares of Papa John’s International in a research note on Monday, May 12th. Stifel Nicolaus cut their target price on Papa John’s International from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Loop Capital cut their target price on Papa John’s International from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, UBS Group cut their target price on Papa John’s International from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Papa John’s International has a consensus rating of “Hold” and an average price target of $51.25.

Papa John’s International Stock Performance

Shares of PZZA opened at $41.79 on Friday. Papa John’s International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.67 and a beta of 1.13. The stock has a fifty day moving average of $46.84 and a 200-day moving average of $42.37.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $518.31 million during the quarter, compared to analysts’ expectations of $512.48 million. Papa John’s International had a negative return on equity of 15.72% and a net margin of 3.77%. Papa John’s International’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. As a group, equities analysts forecast that Papa John’s International, Inc. will post 2.19 EPS for the current year.

Papa John’s International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.4%. Papa John’s International’s dividend payout ratio is currently 78.30%.

About Papa John’s International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.