Papa John’s International, Inc. (PZZA) Shares Bought by IFP Advisors Inc

IFP Advisors Inc raised its stake in Papa John’s International, Inc. (NASDAQ:PZZA) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,902 shares of the company’s stock after buying an additional 1 shares during the period. IFP Advisors Inc’s holdings in Papa John’s International were worth $280,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PZZA. Sei Investments Co. raised its position in shares of Papa John’s International by 0.4% in the second quarter. Sei Investments Co. now owns 96,062 shares of the company’s stock valued at $6,893,000 after buying an additional 401 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Papa John’s International by 0.9% in the second quarter. Texas Permanent School Fund now owns 19,327 shares of the company’s stock valued at $1,387,000 after buying an additional 166 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Papa John’s International by 3.0% in the second quarter. Bessemer Group Inc. now owns 31,200 shares of the company’s stock valued at $2,239,000 after buying an additional 900 shares in the last quarter. ING Groep NV purchased a new position in shares of Papa John’s International during the second quarter valued at about $231,000. Finally, Copeland Capital Management LLC raised its position in shares of Papa John’s International by 29.0% in the second quarter. Copeland Capital Management LLC now owns 195,493 shares of the company’s stock valued at $14,029,000 after buying an additional 43,954 shares in the last quarter. 80.47% of the stock is owned by institutional investors and hedge funds.

Shares of Papa John’s International, Inc. (PZZA) opened at 78.95 on Friday. Papa John’s International, Inc. has a 1-year low of $70.73 and a 1-year high of $90.49. The stock has a 50 day moving average price of $75.44 and a 200 day moving average price of $78.49. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 27.50 and a beta of 0.51.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The company had revenue of $434.78 million for the quarter, compared to analysts’ expectations of $438.51 million. During the same period last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts forecast that Papa John’s International, Inc. will post $2.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, August 3rd. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a dividend yield of 1.14%. Papa John’s International’s dividend payout ratio (DPR) is currently 31.36%.

Papa John’s International declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 198% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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Several brokerages recently issued reports on PZZA. Stephens boosted their price target on Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Instinet reiterated a “neutral” rating and issued a $78.00 price objective (down from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. Zacks Investment Research upgraded Papa John’s International from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $83.00 price objective on shares of Papa John’s International in a research note on Friday, July 14th. Finally, BidaskClub lowered Papa John’s International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Papa John’s International currently has an average rating of “Hold” and a consensus price target of $89.17.

In related news, SVP Timothy C. Ohern sold 6,000 shares of Papa John’s International stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $81.79, for a total value of $490,740.00. Following the transaction, the senior vice president now directly owns 36,020 shares of the company’s stock, valued at $2,946,075.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steve M. Ritchie sold 10,396 shares of Papa John’s International stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $80.00, for a total transaction of $831,680.00. Following the completion of the transaction, the insider now directly owns 37,601 shares in the company, valued at $3,008,080. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by company insiders.

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.

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

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