Universal Beteiligungs und Servicegesellschaft mbH Invests $279,000 in Papa John's International, Inc. (NASDAQ:PZZA)

Key Points

• Universal Beteiligungs and Servicegesellschaft mbH has acquired 6,798 shares of Papa John's International, valued at approximately $279,000, in the first quarter.
• Papa John's International recently announced a quarterly dividend of $0.46, set to be paid on August 29th, representing a total annualized dividend yield of 4.6%.
• The company reported an EPS of $0.36 for the most recent quarter, surpassing analysts' consensus estimates of $0.33, with revenues of $518.31 million, a 0.9% increase compared to the prior year.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,798 shares of the company's stock, valued at approximately $279,000.

A number of other large investors also recently bought and sold shares of PZZA. KLP Kapitalforvaltning AS purchased a new position in shares of Papa John's International during the 4th quarter valued at approximately $287,000. LPL Financial LLC increased its holdings in Papa John's International by 170.6% in the fourth quarter. LPL Financial LLC now owns 12,727 shares of the company's stock valued at $523,000 after buying an additional 8,023 shares in the last quarter. Norges Bank purchased a new position in Papa John's International in the fourth quarter valued at $324,000. CIBC Private Wealth Group LLC acquired a new position in shares of Papa John's International in the fourth quarter worth about $30,000. Finally, Wellington Management Group LLP boosted its stake in shares of Papa John's International by 31.8% during the 4th quarter. Wellington Management Group LLP now owns 387,699 shares of the company's stock worth $15,923,000 after acquiring an additional 93,561 shares in the last quarter.

Papa John's International Stock Down 1.7%

Shares of Papa John's International stock traded down $0.76 during trading hours on Friday, reaching $43.24. 369,567 shares of the company's stock were exchanged, compared to its average volume of 1,335,539. The business has a fifty day moving average of $46.65 and a two-hundred day moving average of $42.50. The company has a market capitalization of $1.42 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.13. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $529.17 million for the quarter, compared to analyst estimates of $515.48 million. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. Papa John's International's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a $0.46 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.3%. Papa John's International's dividend payout ratio is 78.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PZZA shares. Stephens upped their price target on Papa John's International from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday. Loop Capital cut their price objective on Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Benchmark reiterated a "buy" rating and set a $50.00 target price on shares of Papa John's International in a research report on Monday, May 12th. UBS Group reissued a "neutral" rating and issued a $42.00 price target (up previously from $38.00) on shares of Papa John's International in a research note on Monday. Finally, Stifel Nicolaus reduced their price objective on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.75.

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.