Isthmus Partners LLC Increases Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Isthmus Partners LLC raised its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 264.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,759 shares of the company's stock after acquiring an additional 25,947 shares during the period. Isthmus Partners LLC owned approximately 0.11% of Papa Johns International worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. River Road Asset Management LLC raised its stake in shares of Papa Johns International by 88.1% during the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company's stock worth $123,129,000 after purchasing an additional 1,070,485 shares during the last quarter. Earnest Partners LLC raised its position in Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company's stock worth $101,991,000 after buying an additional 446,477 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Papa Johns International in the 2nd quarter worth $93,586,000. Sei Investments Co. boosted its holdings in shares of Papa Johns International by 30.2% in the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company's stock valued at $57,042,000 after acquiring an additional 281,399 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Papa Johns International by 19.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company's stock worth $58,812,000 after purchasing an additional 176,470 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on PZZA. Bank of America raised their target price on Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Piper Sandler decreased their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. UBS Group increased their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, November 8th. KeyCorp lowered Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets dropped 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. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $60.82.

Papa Johns International Stock Up 0.1 %

Shares of PZZA traded up $0.07 during trading hours on Friday, reaching $49.83. 529,904 shares of the company traded hands, compared to its average volume of 1,002,601. The stock has a market capitalization of $1.63 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The stock has a fifty day simple moving average of $51.54 and a 200 day simple moving average of $48.25. Papa Johns International, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $78.67.

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

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.69%. Papa Johns International's payout ratio is currently 64.11%.

Papa Johns International Company 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.