Janney Montgomery Scott LLC Purchases Shares of 14,352 Papa Johns International, Inc. (NASDAQ:PZZA)

Janney Montgomery Scott LLC purchased a new stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,352 shares of the company's stock, valued at approximately $773,000.

Several other large investors have also recently bought and sold shares of PZZA. Signaturefd LLC increased its position in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after acquiring an additional 259 shares during the period. CWM LLC lifted its holdings 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 position in shares of Papa Johns International by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the company's stock valued at $780,000 after buying an additional 400 shares during the last quarter. Quest Partners LLC increased its stake in shares of Papa Johns International by 12.2% in the second quarter. Quest Partners LLC now owns 3,774 shares of the company's stock valued at $177,000 after buying an additional 410 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Papa Johns International by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,628 shares of the company's stock valued at $441,000 after buying an additional 456 shares during the period.

Papa Johns International Stock Up 1.1 %

PZZA traded up $0.53 during trading hours on Monday, hitting $47.85. The stock had a trading volume of 1,325,607 shares, compared to its average volume of 1,004,974. Papa Johns International, Inc. has a 1 year low of $39.90 and a 1 year high of $78.67. The company's fifty day simple moving average is $51.77 and its 200 day simple moving average is $48.64. The stock has a market cap of $1.56 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19.

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

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International's dividend payout ratio (DPR) is presently 64.11%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler decreased their price target 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. UBS Group lifted their target price on Papa Johns International from $47.00 to $56.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. KeyCorp cut Papa Johns International from an "overweight" rating to a "sector weight" rating in a report on Thursday. BMO Capital Markets lowered their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Papa Johns International from $58.00 to $45.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Papa Johns International presently has a consensus rating of "Hold" and a consensus target price of $60.82.

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.