64,483 Shares in Papa John's International, Inc. $PZZA Acquired by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management LLC purchased a new stake of 64,483 shares (~$3.105 million) in Papa John's in Q3, equal to about 0.20% of the company.
• Papa John's reported Q earnings of $0.34 EPS (beat by $0.01) while revenue fell 6.1% to $498.18M, and it pays a quarterly dividend that implies a 6.0% yield but carries a 206.74% payout ratio.
• The stock opened at $30.81 and was trading down ~3.7%; analysts' consensus is a Hold with an average price target of $45 and mixed recent price-target revisions.

Kingsview Wealth Management LLC purchased a new stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 64,483 shares of the company's stock, valued at approximately $3,105,000. Kingsview Wealth Management LLC owned 0.20% of Papa John's International as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Elo Mutual Pension Insurance Co acquired a new stake in shares of Papa John's International in the third quarter valued at $555,000. Quantbot Technologies LP acquired a new stake in Papa John's International in the 3rd quarter valued at about $125,000. Barnett & Company Inc. raised its position in Papa John's International by 9.9% in the 3rd quarter. Barnett & Company Inc. now owns 47,900 shares of the company's stock valued at $2,306,000 after purchasing an additional 4,300 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of Papa John's International by 5.1% in the 3rd quarter. Isthmus Partners LLC now owns 78,362 shares of the company's stock valued at $3,773,000 after buying an additional 3,773 shares during the period. Finally, Alberta Investment Management Corp grew its position in shares of Papa John's International by 82.6% during the third quarter. Alberta Investment Management Corp now owns 235,733 shares of the company's stock worth $11,351,000 after buying an additional 106,600 shares in the last quarter.

Papa John's International Trading Down 3.7%

Papa John's International stock opened at $30.81 on Thursday. Papa John's International, Inc. has a twelve month low of $30.16 and a twelve month high of $55.74. The stock has a 50 day moving average of $35.52 and a two-hundred day moving average of $42.05. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.42 and a beta of 1.23.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Papa John's International had a negative return on equity of 11.16% and a net margin of 1.44%.The business had revenue of $498.18 million for the quarter, compared to analyst estimates of $517.25 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company's revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts predict that Papa John's International, Inc. will post 2.19 earnings per share for the current year.

Papa John's International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 9th were given a dividend of $0.46 per share. The ex-dividend date was Monday, February 9th. This represents a $1.84 dividend on an annualized basis and a yield of 6.0%. Papa John's International's dividend payout ratio is presently 206.74%.

Wall Street Analysts Forecast Growth

PZZA has been the topic of a number of recent analyst reports. Stephens dropped their price objective on shares of Papa John's International from $49.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Mizuho dropped their target price on Papa John's International from $40.00 to $34.00 and set a "neutral" rating on the stock in a report on Friday, February 20th. Zacks Research upgraded Papa John's International from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Papa John's International in a research report on Monday, December 29th. Finally, Benchmark dropped their price objective on Papa John's International from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Papa John's International has an average rating of "Hold" and a consensus price target of $45.00.

Papa John's International Profile

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.

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