Maverick Capital Ltd. Takes Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Maverick Capital Ltd. acquired a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,191 shares of the company's stock, valued at approximately $926,000. Maverick Capital Ltd. owned about 0.05% of Papa Johns International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC raised 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 acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International in the third quarter valued at $42,000. CWM LLC lifted its holdings in Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock worth $62,000 after buying an additional 525 shares during the period. US Bancorp DE grew its position in shares of Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company's stock valued at $72,000 after buying an additional 922 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Papa Johns International in the third quarter valued at about $156,000.

Papa Johns International Stock Up 0.1 %

Papa Johns International stock traded up $0.07 during mid-day trading on Friday, reaching $49.83. 529,904 shares of the company's stock traded hands, compared to its average volume of 1,277,411. 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 $1.63 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.51 and a beta of 1.19. The stock has a 50 day moving average of $51.54 and a two-hundred day moving average of $48.20.

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

Papa Johns International Dividend Announcement

The business also recently announced 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. This represents a $1.84 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Monday, November 18th. Papa Johns International's dividend payout ratio is currently 64.11%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PZZA. 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. Bank of America upped their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. UBS Group lifted their price objective 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. 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 report on Friday, August 9th. Finally, Piper Sandler decreased 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. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.