Symons Capital Management Inc. acquired a new stake in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,107 shares of the company’s stock, valued at approximately $215,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Capital Group LLC purchased a new stake in shares of Papa John’s Int’l during the second quarter valued at $34,000. Massey Quick Simon & CO. LLC acquired a new position in Papa John’s Int’l during the third quarter valued at $64,000. Oppenheimer Asset Management Inc. acquired a new position in Papa John’s Int’l during the third quarter valued at $67,000. Advisor Group Inc. lifted its position in Papa John’s Int’l by 45.0% during the second quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock valued at $68,000 after purchasing an additional 475 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Papa John’s Int’l during the third quarter valued at $71,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Papa John’s Int’l in a research report on Tuesday, September 17th. They set a “market perform” rating for the company. BTIG Research boosted their target price on shares of Papa John’s Int’l to $67.00 and gave the company a “positive” rating in a research report on Thursday. ValuEngine upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group downgraded shares of Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Monday, November 4th. They noted that the move was a valuation call. Finally, Northcoast Research restated a “buy” rating on shares of Papa John’s Int’l in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.56.
In other news, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $42.80, for a total value of $4,280,000.00. Following the transaction, the insider now directly owns 5,409,583 shares in the company, valued at approximately $231,530,152.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder John H. Schnatter sold 475,861 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $43.22, for a total transaction of $20,566,712.42. Following the completion of the transaction, the insider now owns 4,785,682 shares in the company, valued at $206,837,176.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,575,861 shares of company stock worth $138,144,712. Company insiders own 43.00% of the company’s stock.
Shares of Papa John’s Int’l stock traded down $0.82 during trading hours on Friday, reaching $61.76. The stock had a trading volume of 1,218,300 shares, compared to its average volume of 994,724. The stock’s 50 day moving average is $54.93 and its 200 day moving average is $49.50. Papa John’s Int’l, Inc. has a twelve month low of $38.29 and a twelve month high of $63.29. The firm has a market capitalization of $1.82 billion, a PE ratio of 46.09, a PEG ratio of 5.70 and a beta of 0.41.
Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The company had revenue of $403.71 million during the quarter, compared to analyst estimates of $384.54 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts forecast that Papa John’s Int’l, Inc. will post 1.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.90 annualized dividend and a dividend yield of 1.46%. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.
Papa John’s Int’l Profile
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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