Bank of New York Mellon Corp acquired a new stake in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 379,162 shares of the company's stock, valued at approximately $13,942,000. Bank of New York Mellon Corp owned 1.15% of Papa John's International as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Papa John's International by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 626,352 shares of the company's stock worth $20,300,000 after purchasing an additional 49,031 shares during the last quarter. Heartland Advisors Inc. grew its holdings in shares of Papa John's International by 53.3% in the first quarter. Heartland Advisors Inc. now owns 239,850 shares of the company's stock worth $7,774,000 after purchasing an additional 83,350 shares during the last quarter. Anson Funds Management LP purchased a new position in Papa John's International in the 1st quarter worth about $2,431,000. Fiduciary Alliance LLC increased its stake in Papa John's International by 2,415.0% in the 1st quarter. Fiduciary Alliance LLC now owns 135,581 shares of the company's stock worth $4,394,000 after buying an additional 130,190 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Papa John's International by 76.8% during the 1st quarter. Royal Bank of Canada now owns 60,624 shares of the company's stock valued at $1,964,000 after buying an additional 26,335 shares in the last quarter.
Papa John's International Trading Down 3.3%
Shares of NASDAQ PZZA opened at $22.71 on Wednesday. Papa John's International, Inc. has a 12-month low of $22.65 and a 12-month high of $55.74. The stock's fifty day simple moving average is $29.57 and its two-hundred day simple moving average is $32.38. The stock has a market capitalization of $747.61 million, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08.
Papa John's International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. Papa John's International had a negative return on equity of 10.98% and a net margin of 1.34%.The firm had revenue of $482.40 million during the quarter, compared to analysts' expectations of $481.25 million. During the same period in the prior year, the business posted $0.41 EPS. The firm's quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts predict that Papa John's International, Inc. will post 1.22 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently weighed in on PZZA shares. Piper Sandler decreased their price target on shares of Papa John's International from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Stephens reissued an "equal weight" rating and issued a $24.00 price objective (down from $38.00) on shares of Papa John's International in a research note on Friday, August 7th. UBS Group reduced their price objective on Papa John's International from $33.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Wall Street Zen raised Papa John's International from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Mizuho lowered their target price on Papa John's International from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Papa John's International currently has an average rating of "Reduce" and an average price target of $32.00.
Read Our Latest Research Report on Papa John's International
Papa John's International Profile
(
Free Report)
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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