Martingale Asset Management L P raised its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,007 shares of the company’s stock after acquiring an additional 1,100 shares during the period. Martingale Asset Management L P owned approximately 0.20% of Papa John’s International worth $5,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PZZA. Meadow Creek Investment Management LLC raised its holdings in shares of Papa John’s International by 20.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock worth $114,000 after acquiring an additional 242 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Papa John’s International by 20.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock worth $146,000 after acquiring an additional 308 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Papa John’s International by 11.3% during the 1st quarter. Fifth Third Bancorp now owns 2,112 shares of the company’s stock worth $169,000 after acquiring an additional 215 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Papa John’s International by 55.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock worth $175,000 after acquiring an additional 776 shares in the last quarter. Finally, Elkfork Partners LLC raised its holdings in shares of Papa John’s International by 20.4% during the 1st quarter. Elkfork Partners LLC now owns 2,210 shares of the company’s stock worth $177,000 after acquiring an additional 374 shares in the last quarter. 83.77% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on PZZA shares. BidaskClub cut Papa John’s International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Papa John’s International in a report on Tuesday, August 29th. Stephens restated an “overweight” rating and set a $90.00 price target (down previously from $100.00) on shares of Papa John’s International in a report on Monday, June 26th. Zacks Investment Research upgraded Papa John’s International from a “strong sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, KeyCorp restated an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $89.83.

In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of Papa John’s International stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the sale, the senior vice president now owns 35,650 shares in the company, valued at $2,676,602. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.70% of the stock is owned by insiders.

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Shares of Papa John’s International, Inc. (NASDAQ PZZA) opened at 73.68 on Thursday. The company’s 50-day moving average price is $75.99 and its 200 day moving average price is $77.47. 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 cap of $2.68 billion, a price-to-earnings ratio of 25.66 and a beta of 0.51.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, beating 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 company had revenue of $434.78 million for the quarter, compared to the consensus estimate of $438.51 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts predict that Papa John’s International, Inc. will post $2.86 earnings per share for the current year.

Papa John’s International announced that its board has approved a share buyback plan on Tuesday, August 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 198% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a $0.225 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.90 dividend on an annualized basis and a yield of 1.22%. This is an increase from Papa John’s International’s previous quarterly dividend of $0.20. Papa John’s International’s payout ratio is currently 31.36%.

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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