Legato Capital Management LLC Cuts Stake in Papa John’s International, Inc. $PZZA

Posted by Francis Steltz on May 29th, 2026

Legato Capital Management LLC lowered its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) by 71.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,139 shares of the company’s stock after selling 15,064 shares during the quarter. Legato Capital Management LLC’s holdings in Papa John’s International were worth $236,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PZZA. Irenic Capital Management LP purchased a new position in shares of Papa John’s International in the 3rd quarter valued at about $51,699,000. Great Hill Capital LLC purchased a new position in Papa John’s International during the 4th quarter valued at about $5,843,000. Willis Investment Counsel purchased a new position in Papa John’s International during the 4th quarter valued at about $1,336,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Papa John’s International during the 3rd quarter worth about $12,374,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Papa John’s International during the 3rd quarter worth about $3,105,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Papa John’s International from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Benchmark decreased their target price on Papa John’s International from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings cut shares of Papa John’s International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 18th. Stephens reissued an “overweight” rating and set a $40.00 target price on shares of Papa John’s International in a report on Thursday, May 14th. Finally, Mizuho lowered their price target on shares of Papa John’s International from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.50.

Check Out Our Latest Report on Papa John’s International

Papa John’s International Stock Up 4.2%

Shares of PZZA opened at $34.65 on Friday. The firm has a 50-day moving average price of $34.51 and a 200 day moving average price of $36.39. The firm has a market capitalization of $1.14 billion, a PE ratio of 41.75, a P/E/G ratio of 1.86 and a beta of 1.18. Papa John’s International, Inc. has a 52-week low of $29.55 and a 52-week high of $55.74.

Papa John’s International (NASDAQ:PZZA – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $478.61 million during the quarter, compared to the consensus estimate of $485.51 million. Papa John’s International had a net margin of 1.37% and a negative return on equity of 10.71%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities analysts expect that Papa John’s International, Inc. will post 1.5 EPS for the current year.

Papa John’s International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, May 18th. This represents a $1.84 annualized dividend and a dividend yield of 5.3%. Papa John’s International’s dividend payout ratio (DPR) is 221.69%.

Papa John’s International Profile

(Free Report)

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.