KLP Kapitalforvaltning AS Has $308,000 Stock Holdings in Papa John’s International, Inc. $PZZA

KLP Kapitalforvaltning AS lessened its stake in Papa John’s International, Inc. (NASDAQ:PZZA) by 10.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,300 shares of the company’s stock after selling 700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Papa John’s International were worth $308,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PZZA. NewEdge Wealth LLC bought a new stake in Papa John’s International in the first quarter worth approximately $14,348,000. Woodline Partners LP bought a new stake in Papa John’s International in the first quarter worth approximately $10,115,000. Segall Bryant & Hamill LLC grew its position in Papa John’s International by 34.7% in the first quarter. Segall Bryant & Hamill LLC now owns 776,169 shares of the company’s stock worth $31,885,000 after acquiring an additional 199,840 shares in the last quarter. Kodai Capital Management LP bought a new stake in Papa John’s International in the first quarter worth approximately $5,640,000. Finally, Long Focus Capital Management LLC grew its position in Papa John’s International by 72.6% in the first quarter. Long Focus Capital Management LLC now owns 310,622 shares of the company’s stock worth $12,760,000 after acquiring an additional 130,622 shares in the last quarter.

Papa John’s International Trading Down 1.9%

NASDAQ PZZA opened at $52.01 on Monday. The company has a fifty day simple moving average of $47.42 and a 200 day simple moving average of $43.83. The company has a market cap of $1.70 billion, a P/E ratio of 23.01, a P/E/G ratio of 4.42 and a beta of 1.10. Papa John’s International, Inc. has a 1 year low of $30.16 and a 1 year high of $60.75.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Papa John’s International had a net margin of 3.58% and a negative return on equity of 14.42%. The business had revenue of $529.17 million during the quarter, compared to the consensus estimate of $515.48 million. During the same period in the prior year, the firm earned $0.61 EPS. Papa John’s International’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Papa John’s International, Inc. will post 2.19 EPS for the current fiscal year.

Papa John’s International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a yield of 3.5%. Papa John’s International’s dividend payout ratio is 81.42%.

Analyst Upgrades and Downgrades

PZZA has been the subject of several recent research reports. Stephens set a $50.00 target price on shares of Papa John’s International in a research report on Monday, October 13th. Benchmark reissued a “buy” rating and issued a $60.00 target price (up from $50.00) on shares of Papa John’s International in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Bank of America reaffirmed a “neutral” rating and set a $50.00 price objective (down from $62.00) on shares of Papa John’s International in a report on Monday, October 6th. Finally, Stifel Nicolaus upped their price objective on shares of Papa John’s International from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, August 15th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Papa John’s International currently has a consensus rating of “Hold” and an average target price of $49.78.

About Papa John’s International

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.