Papa John's International, Inc. $PZZA Holdings Raised by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Papa John's International by 4.1%, now owning approximately 399,784 shares worth $16.4 million as of the latest SEC filing.
• Papa John's International reported a better-than-expected EPS of $0.41 for the recent quarter, exceeding forecasts of $0.34, and had a 4.2% year-over-year revenue increase.
• The company declared a $0.46 quarterly dividend, representing a 4.0% yield, with the announcement detailing a payout ratio of 81.42%.

Charles Schwab Investment Management Inc. raised its holdings in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 399,784 shares of the company's stock after purchasing an additional 15,892 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of Papa John's International worth $16,423,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Beverly Hills Private Wealth LLC lifted its holdings 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 valued at $281,000 after purchasing an additional 299 shares in the last quarter. CWM LLC raised its position in shares of Papa John's International by 27.2% in the first quarter. CWM LLC now owns 1,610 shares of the company's stock valued at $66,000 after buying an additional 344 shares during the last quarter. Brevan Howard Capital Management LP lifted its stake in shares of Papa John's International by 2.5% during the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock valued at $647,000 after buying an additional 388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Papa John's International by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock worth $776,000 after acquiring an additional 658 shares during the last quarter. Finally, Guidance Capital Inc. boosted its position in Papa John's International by 5.7% during the first quarter. Guidance Capital Inc. now owns 12,974 shares of the company's stock worth $533,000 after acquiring an additional 694 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on PZZA. Loop Capital reduced their target price on Papa John's International from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus upped their price target on Papa John's International from $38.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, August 15th. UBS Group restated a "neutral" rating and set 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. Stephens reiterated an "overweight" rating and set a $52.00 target price (up from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Papa John's International from $40.00 to $46.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.33.

Papa John's International Stock Up 4.2%

Shares of NASDAQ:PZZA traded up $1.93 during trading on Monday, hitting $48.22. 1,558,390 shares of the company traded hands, compared to its average volume of 973,904. The business's fifty day moving average is $46.02 and its 200-day moving average is $43.14. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.56 and a beta of 1.13. Papa John's International, Inc. has a one year low of $30.16 and a one year high of $60.75.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Papa John's International had a net margin of 3.58% and a negative return on equity of 14.42%. The company had revenue of $529.17 million during the quarter, compared to the consensus estimate of $515.48 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts forecast that Papa John's International, Inc. will post 2.19 EPS for the current year.

Papa John's International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 18th. Papa John's International's payout ratio is 81.42%.

Papa John's International 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.