River Road Asset Management LLC grew its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 88.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,285,665 shares of the company's stock after buying an additional 1,070,485 shares during the quarter. Papa Johns International accounts for 1.6% of River Road Asset Management LLC's portfolio, making the stock its 12th largest position. River Road Asset Management LLC owned about 6.93% of Papa Johns International worth $123,129,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Papa Johns International during the 3rd quarter worth $773,000. Stephens Investment Management Group LLC raised its position in 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 valued at $58,812,000 after purchasing an additional 176,470 shares during the period. US Bancorp DE lifted its stake in shares of Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company's stock worth $72,000 after purchasing an additional 922 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Papa Johns International by 121.7% in the third quarter. Pinnacle Associates Ltd. now owns 46,316 shares of the company's stock worth $2,495,000 after buying an additional 25,423 shares during the period. Finally, Dupree Financial Group LLC acquired a new stake in shares of Papa Johns International in the third quarter valued at about $228,000.
Papa Johns International Trading Up 2.0 %
NASDAQ PZZA traded up $1.13 on Tuesday, hitting $57.27. 1,161,224 shares of the stock traded hands, compared to its average volume of 979,497. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67. The company has a market capitalization of $1.87 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 3.50 and a beta of 1.19. The stock has a 50-day moving average of $50.81 and a 200 day moving average of $49.26.
Papa Johns International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The firm had revenue of $507.89 million during the quarter, compared to the consensus estimate of $520.13 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The firm's revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts expect that Papa Johns International, Inc. will post 2.27 earnings per share for the current year.
Papa Johns International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Monday, November 18th. Papa Johns International's dividend payout ratio (DPR) is presently 88.46%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on PZZA. Stephens reissued an "overweight" rating and set a $60.00 price target on shares of Papa Johns International in a research report on Thursday, August 8th. Wedbush restated an "outperform" rating and issued a $51.00 target price on shares of Papa Johns International in a research note on Friday, August 23rd. Bank of America raised their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. BMO Capital Markets cut their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Finally, UBS Group lowered their target price on Papa Johns International from $58.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Papa Johns International presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.
Read Our Latest Report on Papa Johns International
About Papa Johns International
(
Free Report)
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.
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