California Public Employees Retirement System lessened its holdings in Papa John’s International, Inc. (NASDAQ:PZZA) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,000 shares of the company’s stock after selling 100 shares during the period. California Public Employees Retirement System owned approximately 0.24% of Papa John’s International worth $6,171,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PZZA. Fifth Third Bancorp boosted its position in Papa John’s International by 11.3% in the 1st 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. boosted its position in Papa John’s International by 55.0% in the 1st 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. Trexquant Investment LP purchased a new position in Papa John’s International in the 2nd quarter valued at approximately $201,000. Riverhead Capital Management LLC boosted its position in Papa John’s International by 87.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock valued at $215,000 after buying an additional 1,396 shares during the period. Finally, LS Investment Advisors LLC boosted its position in Papa John’s International by 11.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,047 shares of the company’s stock valued at $219,000 after buying an additional 315 shares during the period. 83.77% of the stock is owned by institutional investors.

Several equities analysts have commented on PZZA shares. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Papa John’s International in a research report on Tuesday, August 29th. Jefferies Group LLC reissued a “hold” rating and issued a $83.00 price target on shares of Papa John’s International in a research report on Friday, July 14th. Citigroup Inc. started coverage on shares of Papa John’s International in a research report on Monday, September 18th. They issued a “buy” rating and a $90.00 price target for the company. Zacks Investment Research raised shares of Papa John’s International from a “strong sell” rating to a “hold” rating in a research report on Friday, July 7th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $84.75.

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

TRADEMARK VIOLATION WARNING: This piece was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/16/california-public-employees-retirement-system-sells-100-shares-of-papa-johns-international-inc-pzza.html.

Shares of Papa John’s International, Inc. (PZZA) opened at 70.62 on Monday. Papa John’s International, Inc. has a 52-week low of $68.68 and a 52-week high of $90.49. The stock’s 50 day moving average is $72.68 and its 200 day moving average is $76.67. The stock has a market capitalization of $2.57 billion, a PE ratio of 24.60 and a beta of 0.50.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, beating the 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%. The business’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 earnings per share. Equities research analysts expect that Papa John’s International, Inc. will post $2.85 earnings per share for the current fiscal year.

Papa John’s International declared that its board has approved a share buyback plan on Tuesday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 198% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Papa John’s International

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)

Receive News & Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.