Rhumbline Advisers Increases Position in Papa John’s International, Inc. (PZZA)

Rhumbline Advisers boosted its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 14.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 71,394 shares of the company’s stock after acquiring an additional 9,007 shares during the period. Rhumbline Advisers owned 0.20% of Papa John’s International worth $5,217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Papa John’s International by 12.4% in the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after acquiring an additional 383,459 shares during the period. JPMorgan Chase & Co. raised its stake in Papa John’s International by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,411,257 shares of the company’s stock valued at $101,272,000 after acquiring an additional 110,440 shares during the period. TimesSquare Capital Management LLC raised its stake in Papa John’s International by 9.7% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,055,200 shares of the company’s stock valued at $75,721,000 after acquiring an additional 93,540 shares during the period. Dimensional Fund Advisors LP raised its stake in Papa John’s International by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 925,918 shares of the company’s stock valued at $66,445,000 after acquiring an additional 32,716 shares during the period. Finally, State Street Corp raised its stake in Papa John’s International by 4.0% in the 2nd quarter. State Street Corp now owns 878,119 shares of the company’s stock valued at $63,013,000 after acquiring an additional 33,578 shares during the period. Institutional investors and hedge funds own 84.21% of the company’s stock.

Papa John’s International, Inc. (PZZA) opened at $59.96 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of -8.26. The firm has a market capitalization of $2,101.12, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41. Papa John’s International, Inc. has a twelve month low of $55.05 and a twelve month high of $90.49.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for 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 firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. equities research analysts expect that Papa John’s International, Inc. will post 2.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Monday, November 6th. Papa John’s International’s payout ratio is presently 31.03%.

A number of brokerages recently issued reports on PZZA. Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub upgraded Papa John’s International from a “strong sell” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus began coverage on Papa John’s International in a research note on Monday, October 2nd. They issued a “hold” rating and a $65.00 price objective on the stock. TheStreet cut Papa John’s International from a “b” rating to a “c+” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group restated a “hold” rating and issued a $65.00 price objective on shares of Papa John’s International in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $79.56.

In related news, Director Wayne Kent Taylor bought 8,860 shares of Papa John’s International stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $57.53 per share, with a total value of $509,715.80. Following the acquisition, the director now directly 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 can be accessed through the SEC website. 27.70% of the stock is owned by insiders.

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Papa John’s International 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.

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

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