10,409 Shares in Papa John's International, Inc. $PZZA Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers has acquired 10,409 shares of Papa John's International, valued at approximately $428,000, as reported in its Q1 13F filing.
• Several hedge funds have increased their holdings in Papa John's, with Allspring Global Investments lifting its stake by 117.4% to own 49,084 shares worth $2,040,000.
• Papa John's reported a quarterly revenue of $529.17 million, exceeding estimates, and announced a quarterly dividend of $0.46 per share, reflecting a 3.9% yield.

Cetera Investment Advisers acquired a new stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,409 shares of the company's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Beverly Hills Private Wealth LLC boosted its stake in Papa John's International by 4.6% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,842 shares of the company's stock worth $281,000 after purchasing an additional 299 shares during the period. CWM LLC boosted its stake in Papa John's International by 27.2% in the 1st quarter. CWM LLC now owns 1,610 shares of the company's stock worth $66,000 after purchasing an additional 344 shares during the period. Brevan Howard Capital Management LP boosted its stake in Papa John's International by 2.5% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock worth $647,000 after purchasing an additional 388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Papa John's International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock worth $776,000 after purchasing an additional 658 shares during the period. Finally, Guidance Capital Inc. boosted its stake in Papa John's International by 5.7% in the 1st quarter. Guidance Capital Inc. now owns 12,974 shares of the company's stock worth $533,000 after purchasing an additional 694 shares during the period.

Analyst Ratings Changes

PZZA has been the subject of a number of recent analyst reports. Stephens reaffirmed an "overweight" rating and issued a $52.00 price objective (up previously from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. UBS Group reaffirmed a "neutral" rating and issued a $42.00 price objective (up previously from $38.00) on shares of Papa John's International in a research note on Monday, August 4th. Benchmark reissued a "buy" rating and set a $60.00 target price (up previously from $50.00) on shares of Papa John's International in a research note on Monday, August 11th. Loop Capital decreased 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 research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Papa John's International from $40.00 to $46.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.33.

Papa John's International Stock Performance

Shares of Papa John's International stock traded down $0.85 during midday trading on Wednesday, reaching $45.05. 643,013 shares of the company's stock traded hands, compared to its average volume of 1,320,972. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13. The company's 50 day simple moving average is $46.39 and its 200 day simple moving average is $42.92. Papa John's International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $529.17 million for the quarter, compared to the consensus estimate of $515.48 million. Papa John's International had a net margin of 3.58% and a negative return on equity of 14.42%. Papa John's International's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, August 18th. Papa John's International's dividend payout ratio (DPR) is 81.42%.

Papa John's International Company Profile

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.