Papa John’s International, Inc. $PZZA Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,344 shares of the company’s stock after selling 1,913 shares during the quarter. Intech Investment Management LLC’s holdings in Papa John’s International were worth $800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PZZA. Caitong International Asset Management Co. Ltd raised its position in shares of Papa John’s International by 4,646.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company’s stock valued at $29,000 after buying an additional 697 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Papa John’s International by 937.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $34,000 after acquiring an additional 769 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Papa John’s International by 181.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 947 shares of the company’s stock valued at $46,000 after acquiring an additional 611 shares during the last quarter. Investors Research Corp purchased a new position in Papa John’s International in the 2nd quarter worth approximately $49,000. Finally, Huntington National Bank boosted its holdings in shares of Papa John’s International by 7,600.0% during the 2nd quarter. Huntington National Bank now owns 1,001 shares of the company’s stock worth $49,000 after purchasing an additional 988 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PZZA shares. Bank of America restated a “neutral” rating and issued a $50.00 price target (down from $62.00) on shares of Papa John’s International in a research report on Monday, October 6th. Benchmark restated a “buy” rating and issued a $60.00 target price (up from $50.00) on shares of Papa John’s International in a report on Monday, August 11th. UBS Group reiterated a “neutral” rating and set a $42.00 price target on shares of Papa John’s International in a report on Monday, November 10th. Stifel Nicolaus boosted their price target on shares of Papa John’s International from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, August 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Papa John’s International in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Papa John’s International presently has an average rating of “Hold” and an average target price of $50.50.

Papa John’s International Trading Up 1.6%

NASDAQ PZZA opened at $41.86 on Thursday. The stock has a fifty day simple moving average of $46.19 and a 200-day simple moving average of $46.20. The stock has a market cap of $1.37 billion, a PE ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 1.10. Papa John’s International, Inc. has a twelve month low of $30.16 and a twelve month high of $55.74.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Papa John’s International had a net margin of 3.58% and a negative return on equity of 14.42%. The company had revenue of $508.15 million during the quarter, compared to analysts’ expectations of $523.67 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Research analysts predict that Papa John’s International, Inc. will post 2.19 EPS for the current year.

Papa John’s International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, November 17th. Papa John’s International’s dividend payout ratio (DPR) is 164.29%.

Papa John’s International Company Profile

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.