Fiduciary Alliance LLC Purchases 130,190 Shares of Papa John’s International, Inc. $PZZA

Fiduciary Alliance LLC increased its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 2,415.0% in the first quarter, Holdings Channel.com reports. The firm owned 135,581 shares of the company’s stock after acquiring an additional 130,190 shares during the period. Fiduciary Alliance LLC’s holdings in Papa John’s International were worth $4,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Papa John’s International by 32.8% in the 1st quarter. Royal Bank of Canada now owns 19,028 shares of the company’s stock valued at $781,000 after purchasing an additional 4,705 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Papa John’s International during the first quarter worth approximately $600,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Papa John’s International by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,785 shares of the company’s stock worth $813,000 after buying an additional 879 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Papa John’s International by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 310,653 shares of the company’s stock valued at $12,762,000 after buying an additional 62,103 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Papa John’s International by 81.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 112,592 shares of the company’s stock valued at $4,625,000 after buying an additional 50,536 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on PZZA shares. Weiss Ratings cut shares of Papa John’s International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Papa John’s International from $45.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, February 27th. UBS Group cut their price target on Papa John’s International from $42.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Piper Sandler reduced their price target on Papa John’s International from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Papa John’s International in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.50.

Papa John’s International Price Performance

Shares of NASDAQ:PZZA opened at $36.02 on Thursday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 43.40, a P/E/G ratio of 1.96 and a beta of 1.15. The firm’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $35.36. Papa John’s International, Inc. has a fifty-two week low of $29.55 and a fifty-two week high of $55.74.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $478.61 million for the quarter, compared to the consensus estimate of $485.51 million. Papa John’s International had a negative return on equity of 10.71% and a net margin of 1.37%.The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Equities research analysts expect that Papa John’s International, Inc. will post 1.51 earnings per share for the current year.

Papa John’s International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.46 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.84 annualized dividend and a yield of 5.1%. Papa John’s International’s dividend payout ratio (DPR) is 221.69%.

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.