Massey Quick Simon & CO. LLC purchased a new position in Papa John’s Int’l, Inc. (NASDAQ:PZZA) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 608 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PZZA. Deprince Race & Zollo Inc. purchased a new position in Papa John’s Int’l in the 4th quarter worth approximately $25,698,000. Granite Investment Partners LLC purchased a new position in Papa John’s Int’l in the 4th quarter worth approximately $11,534,000. Norges Bank purchased a new position in Papa John’s Int’l in the 4th quarter worth approximately $10,544,000. Canada Pension Plan Investment Board boosted its holdings in Papa John’s Int’l by 62.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 362,600 shares of the company’s stock worth $14,434,000 after acquiring an additional 139,700 shares during the period. Finally, Garnet Equity Capital Holdings Inc. acquired a new position in shares of Papa John’s Int’l in the 1st quarter valued at approximately $4,236,000. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Shares of PZZA opened at $47.95 on Thursday. Papa John’s Int’l, Inc. has a 52-week low of $38.05 and a 52-week high of $64.18. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 3.62 and a beta of 0.54.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The firm had revenue of $373.98 million for the quarter, compared to analyst estimates of $393.05 million. Papa John’s Int’l had a net margin of 0.10% and a negative return on equity of 16.11%. The business’s revenue was down 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Equities research analysts anticipate that Papa John’s Int’l, Inc. will post 1.1 earnings per share for the current year.

A number of equities analysts have issued reports on the company. ValuEngine lowered Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. BidaskClub lowered Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Citigroup cut their target price on Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Finally, Stifel Nicolaus lowered Papa John’s Int’l from a “hold” rating to a “sell” rating and cut their target price for the company from $38.00 to $35.00 in a research report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.17.

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Papa John’s Int’l Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Further Reading: Book Value Per Share in Stock Trading

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

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