Papa Johns International, Inc. (NASDAQ:PZZA) Shares Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. lowered its position in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 28.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,951 shares of the company's stock after selling 22,714 shares during the quarter. Cohen Capital Management Inc. owned 0.17% of Papa Johns International worth $3,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company's stock worth $251,074,000 after purchasing an additional 166,246 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Papa Johns International by 25.9% during the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company's stock worth $101,991,000 after purchasing an additional 446,477 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Papa Johns International during the second quarter worth about $93,586,000. Sei Investments Co. lifted its stake 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 worth $57,042,000 after acquiring an additional 281,399 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Papa Johns International by 19.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company's stock worth $58,812,000 after acquiring an additional 176,470 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on PZZA. Wedbush reiterated an "outperform" rating and issued a $51.00 price target on shares of Papa Johns International in a research note on Friday, August 23rd. KeyCorp lowered their price objective on Papa Johns International from $64.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Bank of America boosted their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Stephens reissued an "overweight" rating and issued a $60.00 price objective on shares of Papa Johns International in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.00.

Papa Johns International Stock Up 1.6 %

Shares of NASDAQ:PZZA traded up $0.88 during trading on Monday, hitting $56.14. 1,255,688 shares of the company traded hands, compared to its average volume of 978,642. The business's fifty day moving average is $50.66 and its 200-day moving average is $49.30. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.32 and a beta of 1.19. Papa Johns International, Inc. has a one year low of $39.90 and a one year high of $78.67.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.08. The business had revenue of $507.89 million during the quarter, compared to the consensus estimate of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business's revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, analysts forecast that Papa Johns International, Inc. will post 2.27 EPS for the current year.

Papa Johns International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.28%. Papa Johns International's dividend payout ratio is presently 88.46%.

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.