Deutsche Bank AG Makes New Investment in Papa John's International, Inc. $PZZA

Key Points

• Deutsche Bank acquired 49,324 shares of Papa John’s International during the second quarter, worth approximately $1.8 million and representing 0.15% of the company. Several other institutional investors also initiated or increased positions.
• Papa John’s reported quarterly EPS of $0.46, slightly above estimates, while revenue reached $482.4 million. However, revenue declined 8.8% year over year, and the company posted a net margin of just 1.34%.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and an average price target of $32, while shares recently traded at $23.72—near their 52-week low of $22.77.

Deutsche Bank AG purchased a new position in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,324 shares of the company's stock, valued at approximately $1,814,000. Deutsche Bank AG owned 0.15% of Papa John's International as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PZZA. Persistent Asset Partners Ltd acquired a new stake in shares of Papa John's International in the 2nd quarter worth approximately $33,000. Lazard Asset Management LLC purchased a new stake in Papa John's International during the second quarter worth $59,000. Skylands Capital LLC purchased a new stake in Papa John's International during the first quarter worth $65,000. Leonteq Securities AG acquired a new stake in Papa John's International in the fourth quarter valued at $71,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Papa John's International by 42.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,230 shares of the company's stock valued at $72,000 after buying an additional 670 shares in the last quarter.

Papa John's International Stock Up 2.1%

NASDAQ:PZZA opened at $23.72 on Friday. The company has a market cap of $780.91 million, a P/E ratio of 30.03, a P/E/G ratio of 2.42 and a beta of 1.13. The firm's 50 day moving average is $30.04 and its two-hundred day moving average is $32.55. Papa John's International, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $55.74.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $482.40 million during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Research analysts forecast that Papa John's International, Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PZZA shares. UBS Group reduced their price target on shares of 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 upgraded Papa John's International from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Stephens reaffirmed an "equal weight" rating and issued a $24.00 target price (down from $38.00) on shares of Papa John's International in a research note on Friday, August 7th. Zacks Research cut Papa John's International from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Finally, Benchmark downgraded shares of Papa John's International from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $32.00.

About Papa John's International

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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