Deutsche Bank AG Buys New Stake in Papa John’s International, Inc. $PZZA

Deutsche Bank AG purchased a new position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) in the second quarter, HoldingsChannel reports. The institutional investor purchased 49,324 shares of the company’s stock, valued at approximately $1,814,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its position in Papa John’s International by 6.5% in the third quarter. Private Advisor Group LLC now owns 5,220 shares of the company’s stock valued at $251,000 after purchasing an additional 319 shares during the period. Alliancebernstein L.P. boosted its position in shares of Papa John’s International by 0.8% in the third quarter. Alliancebernstein L.P. now owns 42,662 shares of the company’s stock worth $2,054,000 after buying an additional 354 shares during the period. Intech Investment Management LLC boosted its position in shares of Papa John’s International by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 11,467 shares of the company’s stock worth $441,000 after buying an additional 397 shares during the period. Acorn Financial Advisory Services Inc. ADV grew its stake in shares of Papa John’s International by 2.4% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 18,569 shares of the company’s stock valued at $715,000 after buying an additional 436 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Papa John’s International by 2.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,765 shares of the company’s stock valued at $915,000 after buying an additional 472 shares in the last quarter.

Analysts Set New Price Targets

PZZA has been the topic of several recent research reports. Zacks Research lowered Papa John’s International from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Benchmark lowered shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Piper Sandler reduced their target price on shares of Papa John’s International from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Stephens restated an “equal weight” rating and issued a $24.00 target price (down from $38.00) on shares of Papa John’s International in a research note on Friday, August 7th. Finally, Bank of America reaffirmed an “underperform” rating and set a $34.00 price target (down from $42.00) on shares of Papa John’s International in a report on Monday, July 13th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $32.00.

Papa John’s International Stock Performance

Shares of PZZA opened at $23.72 on Friday. The company has a market capitalization of $780.91 million, a P/E ratio of 30.03, a P/E/G ratio of 2.42 and a beta of 1.13. Papa John’s International, Inc. has a one year low of $22.77 and a one year high of $55.74. The stock has a 50-day moving average price of $30.04 and a 200 day moving average price of $32.55.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Papa John’s International had a negative return on equity of 10.98% and a net margin of 1.34%.The company had revenue of $482.40 million for the quarter, compared to the consensus estimate of $481.25 million. During the same period in the previous year, the business earned $0.41 EPS. Papa John’s International’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Papa John’s International, Inc. will post 1.22 earnings per share for the current fiscal year.

About Papa John’s International

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.