Papa John’s International, Inc. $PZZA Position Boosted by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lifted its stake in Papa John’s International, Inc. (NASDAQ:PZZA) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,927 shares of the company’s stock after purchasing an additional 20,404 shares during the quarter. Papa John’s International accounts for 1.8% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 23rd largest position. Savoir Faire Capital Management L.P.’s holdings in Papa John’s International were worth $3,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in Papa John’s International by 22.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,157 shares of the company’s stock valued at $56,000 after buying an additional 210 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Papa John’s International during the 2nd quarter valued at $59,000. Nisa Investment Advisors LLC boosted its stake in shares of Papa John’s International by 342.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company’s stock valued at $85,000 after buying an additional 1,368 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Papa John’s International during the 4th quarter valued at $92,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Papa John’s International during the 3rd quarter valued at $121,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PZZA. Weiss Ratings reiterated a “hold (c-)” rating on shares of Papa John’s International in a report on Friday, March 27th. Stephens lowered their target price on Papa John’s International from $49.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Benchmark dropped their target price on Papa John’s International from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Zacks Research raised Papa John’s International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Mizuho reduced their price target on Papa John’s International from $40.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Papa John’s International has an average rating of “Hold” and a consensus target price of $45.00.

Papa John’s International Stock Up 3.3%

Shares of PZZA opened at $36.19 on Friday. The company’s fifty day moving average is $34.53 and its 200-day moving average is $38.64. Papa John’s International, Inc. has a 12 month low of $29.55 and a 12 month high of $55.74. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $498.18 million during the quarter, compared to analyst estimates of $517.25 million. Papa John’s International had a net margin of 1.44% and a negative return on equity of 11.16%. Papa John’s International’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. As a group, research analysts predict that Papa John’s International, Inc. will post 1.54 earnings per share for the current fiscal year.

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.