Hotchkis & Wiley Capital Management LLC Acquires Shares of 146,090 Papa Johns International, Inc. (NASDAQ:PZZA)

Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 146,090 shares of the company's stock, valued at approximately $7,870,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.45% of Papa Johns International as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC boosted its stake in shares of Papa Johns International by 66.9% during the third quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after purchasing an additional 259 shares in the last quarter. CWM LLC boosted its position in Papa Johns International by 27.5% during the 3rd quarter. CWM LLC now owns 1,690 shares of the company's stock worth $91,000 after buying an additional 365 shares during the period. Louisiana State Employees Retirement System grew its holdings in Papa Johns International by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the company's stock worth $780,000 after acquiring an additional 400 shares during the last quarter. Quest Partners LLC increased its position in Papa Johns International by 12.2% in the 2nd quarter. Quest Partners LLC now owns 3,774 shares of the company's stock valued at $177,000 after acquiring an additional 410 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Papa Johns International by 16.8% during the second quarter. Blue Trust Inc. now owns 3,609 shares of the company's stock valued at $170,000 after acquiring an additional 520 shares during the last quarter.

Papa Johns International Trading Up 4.4 %

NASDAQ PZZA traded up $2.11 on Thursday, hitting $50.13. 1,038,840 shares of the company were exchanged, compared to its average volume of 1,003,594. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67. The company has a market cap of $1.64 billion, a PE ratio of 16.73, a PEG ratio of 2.44 and a beta of 1.16. The stock has a fifty day moving average of $51.44 and a 200-day moving average of $48.13.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company had revenue of $506.80 million for the quarter, compared to analysts' expectations of $497.28 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The business's revenue was down 3.1% on a year-over-year basis. On average, analysts expect that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.67%. Papa Johns International's dividend payout ratio is 64.11%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PZZA. Piper Sandler decreased their price objective on Papa Johns International from $61.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price target on Papa Johns International from $58.00 to $45.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Stephens reaffirmed an "overweight" rating and issued a $62.00 price objective on shares of Papa Johns International in a research note on Thursday, November 7th. KeyCorp cut Papa Johns International from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Finally, Bank of America raised their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Papa Johns International presently has a consensus rating of "Hold" and an average target price of $60.82.

About Papa Johns International

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.