Teachers Retirement System of The State of Kentucky decreased its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 5.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,507 shares of the company’s stock after selling 900 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Papa John’s International were worth $1,060,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Papa John’s International by 12.4% during the second quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock worth $248,607,000 after buying an additional 383,459 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Papa John’s International by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 1,411,257 shares of the company’s stock worth $101,272,000 after acquiring an additional 110,440 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in Papa John’s International by 9.7% during the second quarter. TimesSquare Capital Management LLC now owns 1,055,200 shares of the company’s stock worth $75,721,000 after acquiring an additional 93,540 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Papa John’s International by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 925,918 shares of the company’s stock worth $66,445,000 after acquiring an additional 32,716 shares during the last quarter. Finally, State Street Corp increased its stake in Papa John’s International by 4.0% during the second quarter. State Street Corp now owns 878,119 shares of the company’s stock worth $63,013,000 after acquiring an additional 33,578 shares during the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.

In other news, Director Wayne Kent Taylor bought 8,860 shares of Papa John’s International stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $57.53 per share, with a total value of $509,715.80. Following the acquisition, the director now owns 30,822 shares of the company’s stock, valued at $1,773,189.66. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 27.70% of the stock is currently owned by insiders.

Papa John’s International, Inc. (NASDAQ PZZA) traded up $1.15 during trading hours on Friday, reaching $58.46. The company had a trading volume of 680,100 shares, compared to its average volume of 611,798. The stock has a market capitalization of $2,010.00, a price-to-earnings ratio of 20.69, a PEG ratio of 1.56 and a beta of 0.48. Papa John’s International, Inc. has a 52-week low of $55.05 and a 52-week high of $90.49. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million during the quarter, compared to analysts’ expectations of $427.23 million. Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. equities analysts anticipate that Papa John’s International, Inc. will post 2.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, November 6th. Papa John’s International’s payout ratio is currently 30.93%.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 18th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 target price on shares of Papa John’s International in a research note on Friday, November 3rd. Citigroup initiated coverage on Papa John’s International in a research note on Monday, September 18th. They set a “buy” rating and a $90.00 target price for the company. BTIG Research cut Papa John’s International from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Finally, Stephens dropped their price objective on Papa John’s International from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Papa John’s International currently has an average rating of “Hold” and an average price target of $79.56.

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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.

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

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