37,783 Shares in Papa John’s International, Inc. $PZZA Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in Papa John’s International, Inc. (NASDAQ:PZZA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 37,783 shares of the company’s stock, valued at approximately $1,389,000. Headlands Technologies LLC owned about 0.11% of Papa John’s International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PZZA. BlackRock Inc. bought a new stake in Papa John’s International in the second quarter valued at about $182,315,000. Bank of America Corp DE bought a new position in Papa John’s International during the second quarter worth about $83,186,000. Bank of New York Mellon Corp acquired a new position in shares of Papa John’s International during the 2nd quarter worth about $13,942,000. Marshall Wace LLP acquired a new position in shares of Papa John’s International during the 4th quarter worth about $12,969,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of Papa John’s International in the 4th quarter valued at about $12,767,000.

Papa John’s International Price Performance

NASDAQ:PZZA opened at $23.48 on Tuesday. Papa John’s International, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $55.74. The stock has a market capitalization of $773.01 million, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13. The business’s 50-day simple moving average is $29.83 and its 200-day simple moving average is $32.46.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $482.40 million during the quarter, compared to analyst estimates of $481.25 million. Papa John’s International had a negative return on equity of 10.98% and a net margin of 1.34%.Papa John’s International’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. On average, research analysts expect that Papa John’s International, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PZZA shares. UBS Group reduced their price objective on shares of Papa John’s International from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Zacks Research downgraded shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Piper Sandler cut their target price on shares of Papa John’s International from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Mizuho reduced their price target on shares of Papa John’s International from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Benchmark lowered shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $32.00.

Papa John’s International Profile

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.