Alberta Investment Management Corp Acquires Shares of 275,702 Papa John's International, Inc. $PZZA

Alberta Investment Management Corp acquired a new position in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 275,702 shares of the company's stock, valued at approximately $10,138,000. Alberta Investment Management Corp owned 0.84% of Papa John's International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC grew its position in shares of Papa John's International by 6.5% during the 3rd quarter. Private Advisor Group LLC now owns 5,220 shares of the company's stock worth $251,000 after purchasing an additional 319 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Papa John's International by 1.8% in the fourth quarter. State of Alaska Department of Revenue now owns 18,642 shares of the company's stock valued at $716,000 after buying an additional 328 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Papa John's International by 0.8% in the third quarter. Alliancebernstein L.P. now owns 42,662 shares of the company's stock valued at $2,054,000 after buying an additional 354 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Papa John's International by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 11,467 shares of the company's stock valued at $441,000 after buying an additional 397 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV grew its position in Papa John's International by 2.4% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 18,569 shares of the company's stock worth $715,000 after buying an additional 436 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PZZA. Weiss Ratings cut Papa John's International from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, August 7th. Stephens reissued an "equal weight" rating and set a $24.00 target price (down from $38.00) on shares of Papa John's International in a report on Friday, August 7th. Benchmark cut Papa John's International from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Wall Street Zen raised Papa John's International from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Finally, UBS Group dropped their price target on Papa John's International from $33.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $32.00.

Papa John's International Price Performance

NASDAQ PZZA opened at $24.26 on Monday. The business has a fifty day moving average price of $32.04 and a two-hundred day moving average price of $33.33. The stock has a market capitalization of $798.69 million, a PE ratio of 30.71, a PEG ratio of 2.47 and a beta of 1.13. Papa John's International, Inc. has a fifty-two week low of $23.27 and a fifty-two week high of $55.74.

Papa John's International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $482.40 million for the quarter, compared to analyst estimates of $481.25 million. Papa John's International had a negative return on equity of 10.98% and a net margin of 1.34%.The company's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. As a group, sell-side analysts expect that Papa John's International, Inc. will post 1.25 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source