Capstone Asset Management Co. raised its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,576 shares of the company’s stock after buying an additional 290 shares during the period. Capstone Asset Management Co.’s holdings in Papa John’s International were worth $328,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PZZA. Meadow Creek Investment Management LLC increased its stake in 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 valued at $114,000 after buying an additional 242 shares during the period. Glen Harbor Capital Management LLC increased its stake in 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 valued at $146,000 after buying an additional 308 shares during the period. Fifth Third Bancorp increased its stake in Papa John’s International by 11.3% in the first quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock valued at $169,000 after buying an additional 215 shares during the period. Victory Capital Management Inc. increased its stake in 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 valued at $175,000 after buying an additional 776 shares during the period. Finally, Elkfork Partners LLC increased its stake in Papa John’s International by 20.4% in the first quarter. Elkfork Partners LLC now owns 2,210 shares of the company’s stock valued at $177,000 after buying an additional 374 shares during the period. 79.33% of the stock is currently owned by institutional investors and hedge funds.

Papa John’s International, Inc. (NASDAQ:PZZA) traded up 1.05% during midday trading on Friday, reaching $78.69. 283,457 shares of the company traded hands. Papa John’s International, Inc. has a 12 month low of $70.73 and a 12 month high of $90.49. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 27.41 and a beta of 0.51. The firm has a 50 day moving average of $74.94 and a 200-day moving average of $78.66.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors 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 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, August 3rd. Papa John’s International’s dividend payout ratio is currently 31.36%.

Papa John’s International announced that its board has initiated a stock buyback program on Tuesday, August 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 198% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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PZZA has been the topic of several analyst reports. Jefferies Group LLC set a $83.00 price target on shares of Papa John’s International and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Instinet lifted their price target on shares of 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. Zacks Investment Research downgraded shares of Papa John’s International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Longbow Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Papa John’s International in a research note on Monday, May 22nd. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.17.

In related news, SVP Timothy C. Ohern sold 6,000 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $81.79, for a total transaction of $490,740.00. Following the completion of the sale, the senior vice president now directly owns 36,020 shares of the company’s stock, valued at approximately $2,946,075.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steve M. Ritchie sold 10,396 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $80.00, for a total transaction of $831,680.00. Following the sale, the insider now directly owns 37,601 shares of the company’s stock, valued at $3,008,080. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by corporate insiders.

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.

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

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