Papa Johns International, Inc. (NASDAQ:PZZA) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 85.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,037 shares of the company's stock after acquiring an additional 87,801 shares during the quarter. Natixis Advisors LLC owned about 0.58% of Papa Johns International worth $10,237,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock worth $35,000 after purchasing an additional 259 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Papa Johns International during the 3rd quarter valued at approximately $42,000. CWM LLC grew its stake in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock valued at $62,000 after acquiring an additional 525 shares during the period. US Bancorp DE grew its stake in 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 acquiring an additional 922 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Papa Johns International during the 3rd quarter worth $156,000.

Papa Johns International Trading Up 3.7 %

Shares of PZZA stock traded up $1.75 during mid-day trading on Friday, reaching $49.61. The stock had a trading volume of 722,296 shares, compared to its average volume of 1,003,229. 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 $1.62 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The business has a 50-day simple moving average of $51.73 and a 200 day simple moving average of $48.47.

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, beating analysts' consensus estimates 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 business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter last year, the company earned $0.53 earnings per share. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts anticipate that Papa Johns International, Inc. will post 2.23 EPS for the current year.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.71%. Papa Johns International's dividend payout ratio is presently 64.11%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PZZA. KeyCorp cut shares of Papa Johns International from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Piper Sandler lowered their target price on shares of Papa Johns International from $61.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. BMO Capital Markets lowered their target price on shares of Papa Johns International from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Stephens reaffirmed an "overweight" rating and set a $62.00 target price on shares of Papa Johns International in a research note on Thursday, November 7th. Finally, UBS Group lifted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Papa Johns International currently has a consensus rating of "Hold" and an average target price of $60.82.

About Papa Johns International

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.