Segall Bryant & Hamill LLC decreased its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,029 shares of the company's stock after selling 13,494 shares during the quarter. Segall Bryant & Hamill LLC owned 0.76% of Papa Johns International worth $13,415,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Papa Johns International by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company's stock valued at $251,074,000 after acquiring an additional 166,246 shares during the period. Stephens Investment Management Group LLC lifted its holdings 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 acquiring an additional 176,470 shares during the period. Westwood Holdings Group Inc. lifted its holdings in Papa Johns International by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company's stock valued at $46,280,000 after acquiring an additional 40,996 shares during the period. Sei Investments Co. lifted its holdings in Papa Johns International by 30.2% in the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company's stock valued at $57,042,000 after acquiring an additional 281,399 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Papa Johns International in the first quarter valued at approximately $1,142,000.
Papa Johns International Stock Performance
Shares of Papa Johns International stock traded up $0.55 during trading hours on Thursday, hitting $47.86. The company's stock had a trading volume of 780,297 shares, compared to its average volume of 1,004,473. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67. The firm has a fifty day moving average of $51.73 and a 200-day moving average of $48.47. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.37 and a beta of 1.19.
Papa Johns International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating 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 business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the prior year, the company posted $0.53 EPS. The company's quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that Papa Johns International, Inc. will post 2.23 earnings per share for the current fiscal year.
Papa Johns International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.84%. The ex-dividend date is Monday, November 18th. Papa Johns International's payout ratio is 64.11%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on PZZA shares. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, November 8th. 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 research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Papa Johns International from $58.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, August 9th. Stephens restated an "overweight" rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Thursday, November 7th. Finally, UBS Group boosted their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.82.
Check Out Our Latest Analysis on PZZA
Papa Johns International Company Profile
(
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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