Rothschild Asset Management Inc. decreased its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 99,613 shares of the company’s stock after selling 637 shares during the period. Rothschild Asset Management Inc. owned about 0.27% of Papa John’s International worth $7,148,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Meadow Creek Investment Management LLC boosted its stake in shares of Papa John’s International by 20.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock worth $114,000 after buying an additional 242 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of Papa John’s International by 20.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock worth $146,000 after buying an additional 308 shares during the period. Fifth Third Bancorp boosted its stake in shares of Papa John’s International by 11.3% in the first quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock worth $169,000 after buying an additional 215 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Papa John’s International by 55.0% in the first quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock worth $175,000 after buying an additional 776 shares during the period. Finally, Elkfork Partners LLC boosted its stake in shares of Papa John’s International by 20.4% in the first quarter. Elkfork Partners LLC now owns 2,210 shares of the company’s stock worth $177,000 after buying an additional 374 shares during the period. 79.33% of the stock is owned by institutional investors and hedge funds.

Papa John’s International, Inc. (PZZA) opened at 79.30 on Tuesday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 27.62 and a beta of 0.51. Papa John’s International, Inc. has a 12-month low of $70.73 and a 12-month high of $90.49. The firm’s 50-day moving average price is $74.73 and its 200 day moving average price is $78.90.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. The firm had revenue of $434.78 million during the quarter, compared to the consensus estimate of $438.51 million. During the same period last year, the business posted $0.61 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Papa John’s International, Inc. will post $2.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.225 per share. This is an increase from Papa John’s International’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, August 3rd. Papa John’s International’s dividend payout ratio (DPR) is presently 31.36%.

Papa John’s International announced that its Board of Directors has approved a stock buyback plan on Tuesday, August 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 198% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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A number of brokerages recently commented on PZZA. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.00 price objective on shares of Papa John’s International in a research note on Friday, July 14th. Instinet lifted their price objective on Papa John’s International from $76.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 3rd. Longbow Research reaffirmed a “buy” rating and set a $95.00 price objective on shares of Papa John’s International in a research note on Monday, April 10th. KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a research note on Tuesday, June 20th. Finally, Zacks Investment Research raised Papa John’s International from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Papa John’s International presently has an average rating of “Hold” and an average target price of $89.17.

In other news, SVP Timothy C. Ohern sold 6,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $81.79, for a total value of $490,740.00. Following the completion of the sale, the senior vice president now directly owns 36,020 shares in the company, valued at approximately $2,946,075.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lance F. Tucker sold 4,051 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $82.39, for a total value of $333,761.89. Following the completion of the sale, the chief financial officer now owns 25,522 shares of the company’s stock, valued at $2,102,757.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,447 shares of company stock valued at $1,656,182. Company insiders own 27.70% of the company’s stock.

Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

Institutional Ownership by Quarter for Papa John`s International (NASDAQ:PZZA)

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