6,301 Shares in Papa John's International, Inc. $PZZA Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,301 shares of the company's stock, valued at approximately $309,000.

A number of other institutional investors have also recently added to or reduced their stakes in PZZA. NewEdge Wealth LLC acquired a new stake in Papa John's International in the first quarter valued at approximately $14,348,000. Woodline Partners LP acquired a new stake in Papa John's International in the first quarter valued at approximately $10,115,000. Segall Bryant & Hamill LLC lifted its stake 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 valued at $31,885,000 after acquiring an additional 199,840 shares during the last quarter. Kodai Capital Management LP acquired a new stake in Papa John's International in the first quarter valued at approximately $5,640,000. Finally, Long Focus Capital Management LLC lifted its stake 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 valued at $12,760,000 after acquiring an additional 130,622 shares during the last quarter.

Analyst Ratings Changes

PZZA has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and issued a $60.00 target price (up from $50.00) on shares of Papa John's International in a research note on Monday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Papa John's International in a research note on Wednesday. Stephens reiterated an "overweight" rating and issued a $52.00 target price (up from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. Stifel Nicolaus lifted their target price on shares of Papa John's International from $38.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, August 15th. Finally, UBS Group reiterated a "neutral" rating and issued a $42.00 target price (up from $38.00) on shares of Papa John's International in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Papa John's International has a consensus rating of "Hold" and an average price target of $50.00.

Papa John's International Trading Down 2.9%

Shares of PZZA stock opened at $43.23 on Thursday. Papa John's International, Inc. has a 1 year low of $30.16 and a 1 year high of $60.75. The firm's fifty day simple moving average is $46.54 and its 200 day simple moving average is $43.47. The firm has a market capitalization of $1.42 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 3.78 and a beta of 1.10.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $515.48 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Papa John's International's revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Papa John's International, Inc. will post 2.19 EPS for the current fiscal year.

Papa John's International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.46 per share. 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 4.3%. Papa John's International's payout ratio is 81.42%.

Papa John's International 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.

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