Sanctuary Advisors LLC bought a new position in Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 31,758 shares of the company’s stock, valued at approximately $1,168,000. Sanctuary Advisors LLC owned 0.10% of Papa John’s International at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Alberta Investment Management Corp bought a new position in shares of Papa John’s International in the second quarter worth about $10,138,000. Dimensional Fund Advisors LP lifted its position in shares of Papa John’s International by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 626,352 shares of the company’s stock worth $20,300,000 after purchasing an additional 49,031 shares during the last quarter. Heartland Advisors Inc. bought a new stake in Papa John’s International during the 2nd quarter valued at approximately $8,393,000. Anson Funds Management LP bought a new stake in Papa John’s International during the 1st quarter valued at approximately $2,431,000. Finally, Fiduciary Alliance LLC boosted its stake in Papa John’s International by 2,415.0% during the 1st quarter. Fiduciary Alliance LLC now owns 135,581 shares of the company’s stock valued at $4,394,000 after purchasing an additional 130,190 shares during the period.
Papa John’s International Stock Down 1.6%
PZZA stock opened at $23.23 on Friday. Papa John’s International, Inc. has a twelve month low of $22.77 and a twelve month high of $55.74. The company has a market cap of $764.73 million, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.46 and a beta of 1.13. The business’s 50-day simple moving average is $30.30 and its 200 day simple moving average is $32.62.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Bank of America reaffirmed an “underperform” rating and issued a $34.00 price target (down from $42.00) on shares of Papa John’s International in a research report on Monday, July 13th. UBS Group reduced their price objective on Papa John’s International from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Benchmark downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Papa John’s International from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Weiss Ratings upgraded shares of Papa John’s International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $32.00.
View Our Latest Stock Report on Papa John’s International
About Papa John’s International
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.
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