Papa John's International, Inc. (NASDAQ:PZZA) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 117.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 49,084 shares of the company's stock after purchasing an additional 26,505 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.15% of Papa John's International worth $2,040,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Papa John's International by 2,758.7% in the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company's stock valued at $88,000 after purchasing an additional 2,069 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Papa John's International in the first quarter worth $509,000. Exchange Traded Concepts LLC bought a new position in Papa John's International in the first quarter valued at $230,000. GAMMA Investing LLC increased its stake in Papa John's International by 506.3% in the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock valued at $87,000 after acquiring an additional 1,772 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Papa John's International by 1.1% during the first quarter. Rhumbline Advisers now owns 102,399 shares of the company's stock valued at $4,207,000 after buying an additional 1,148 shares during the last quarter.

Papa John's International Price Performance

PZZA stock traded down $1.00 during midday trading on Friday, hitting $47.02. 742,484 shares of the stock traded hands, compared to its average volume of 1,255,080. The firm has a market cap of $1.54 billion, a P/E ratio of 20.01, a PEG ratio of 4.35 and a beta of 1.19. The stock's fifty day simple moving average is $45.23 and its 200-day simple moving average is $41.91. 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, May 8th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $518.31 million for the quarter, compared to the consensus estimate of $512.48 million. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. On average, research analysts predict that Papa John's International, Inc. will post 2.19 earnings per share for the current year.

Papa John's International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Monday, May 19th. Papa John's International's dividend payout ratio (DPR) is currently 78.30%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Loop Capital dropped their target price on shares of Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a report on Friday, May 9th. Stephens reiterated an "overweight" rating and set a $50.00 price target on shares of Papa John's International in a research note on Thursday, June 12th. UBS Group lowered their target price on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Benchmark reiterated a "buy" rating and issued a $50.00 price target on shares of Papa John's International in a research note on Monday, May 12th. Finally, Stifel Nicolaus reduced their target price on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $51.25.

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.