Bridgewater Associates LP Reduces Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Bridgewater Associates LP decreased its position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 69.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,954 shares of the company's stock after selling 47,442 shares during the period. Bridgewater Associates LP owned 0.06% of Papa Johns International worth $1,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PZZA. Price T Rowe Associates Inc. MD lifted its holdings in shares of Papa Johns International by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,197 shares of the company's stock worth $1,812,000 after buying an additional 576 shares during the period. Janus Henderson Group PLC grew its holdings in Papa Johns International by 45.9% during the 1st quarter. Janus Henderson Group PLC now owns 23,021 shares of the company's stock worth $1,533,000 after acquiring an additional 7,246 shares in the last quarter. CWM LLC increased its position in Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock valued at $62,000 after purchasing an additional 525 shares during the period. Blue Trust Inc. raised its holdings in shares of Papa Johns International by 16.8% in the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company's stock valued at $170,000 after purchasing an additional 520 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Papa Johns International by 47.3% during the second quarter. Raymond James & Associates now owns 90,131 shares of the company's stock valued at $4,234,000 after purchasing an additional 28,957 shares in the last quarter.

Papa Johns International Trading Down 0.6 %

Shares of NASDAQ PZZA traded down $0.29 during trading on Monday, reaching $49.54. 1,424,834 shares of the company traded hands, compared to its average volume of 1,002,018. Papa Johns International, Inc. has a 12-month low of $39.90 and a 12-month high of $78.67. The stock has a market cap of $1.62 billion, a P/E ratio of 17.18, a PEG ratio of 2.51 and a beta of 1.19. The firm's fifty day simple moving average is $51.54 and its 200 day simple moving average is $48.17.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The company had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. Papa Johns International's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, research analysts expect that Papa Johns International, Inc. will post 2.23 EPS for the current year.

Papa Johns International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, November 18th. Papa Johns International's dividend payout ratio (DPR) is presently 64.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Piper Sandler reduced their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, August 9th. BMO Capital Markets decreased their price objective on Papa Johns International from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. KeyCorp lowered Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reduced their price target on Papa Johns International from $58.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Finally, Bank of America increased their price target on Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Papa Johns International has an average rating of "Hold" and an average price target of $60.82.

Papa Johns International 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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.