Headlands Technologies LLC bought a new stake in Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 37,783 shares of the company’s stock, valued at approximately $1,389,000.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Papa John’s International during the 2nd quarter worth approximately $182,315,000. Bank of America Corp DE acquired a new stake in shares of Papa John’s International in the second quarter valued at approximately $83,186,000. Bank of New York Mellon Corp bought a new stake in shares of Papa John’s International in the second quarter worth $13,942,000. Marshall Wace LLP bought a new stake in shares of Papa John’s International in the fourth quarter worth $12,969,000. Finally, Quinn Opportunity Partners LLC acquired a new position in Papa John’s International during the fourth quarter worth $12,767,000.
Papa John’s International Trading Down 1.0%
NASDAQ:PZZA opened at $23.48 on Tuesday. Papa John’s International, Inc. has a 1-year low of $22.77 and a 1-year high of $55.74. The firm has a fifty day simple moving average of $29.83 and a 200 day simple moving average of $32.46. The stock has a market capitalization of $773.01 million, a PE ratio of 29.72, a P/E/G ratio of 2.47 and a beta of 1.13.
Analysts Set New Price Targets
PZZA has been the subject of a number of analyst reports. 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. Bank of America reissued an “underperform” rating and set a $34.00 price target (down from $42.00) on shares of Papa John’s International in a research report on Monday, July 13th. 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. Piper Sandler decreased their price objective on Papa John’s International from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $24.00 target price (down from $38.00) on shares of Papa John’s International in a research report on Friday, August 7th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Papa John’s International has an average rating of “Reduce” and a consensus target price of $32.00.
Check Out Our Latest Research Report on PZZA
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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