Victory Capital Management Inc. decreased its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,643 shares of the company's stock after selling 57,265 shares during the quarter. Victory Capital Management Inc. owned about 0.39% of Papa Johns International worth $6,822,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its holdings in Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company's stock valued at $35,000 after acquiring an additional 259 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Papa Johns International in the third quarter valued at about $42,000. CWM LLC raised its holdings in Papa Johns International by 65.6% in the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock worth $62,000 after purchasing an additional 525 shares in the last quarter. US Bancorp DE boosted its position 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 valued at $72,000 after purchasing an additional 922 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Papa Johns International in the 3rd quarter worth approximately $156,000.
Papa Johns International Stock Performance
NASDAQ PZZA traded up $1.98 during trading on Friday, hitting $49.84. The stock had a trading volume of 695,920 shares, compared to its average volume of 1,003,113. The company has a market capitalization of $1.63 billion, a PE ratio of 16.68, a P/E/G ratio of 2.37 and a beta of 1.19. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67. The company's 50-day moving average price is $51.73 and its two-hundred day moving average price is $48.47.
Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.51% and a negative return on equity of 19.61%. The business had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm's revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Papa Johns International, Inc. will post 2.23 earnings per share for the current fiscal year.
Papa Johns International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, November 18th. Papa Johns International's dividend payout ratio (DPR) is presently 64.11%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PZZA. BMO Capital Markets cut their price objective on Papa Johns International from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Bank of America upped 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. Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Friday, November 8th. UBS Group boosted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, KeyCorp lowered Papa Johns International from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Papa Johns International presently has a consensus rating of "Hold" and an average target price of $60.82.
View Our Latest Stock Report on Papa Johns International
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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