Envestnet Asset Management Inc. Buys 18,099 Shares of Papa John's International, Inc. (NASDAQ:PZZA)

Envestnet Asset Management Inc. lifted its position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,128 shares of the company's stock after buying an additional 18,099 shares during the period. Envestnet Asset Management Inc. owned about 0.51% of Papa John's International worth $6,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brevan Howard Capital Management LP lifted its stake in shares of Papa John's International by 2.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock worth $647,000 after buying an additional 388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Papa John's International by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock worth $776,000 after buying an additional 658 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Papa John's International in the fourth quarter worth approximately $30,000. Beverly Hills Private Wealth LLC lifted its stake in shares of Papa John's International by 15.7% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,543 shares of the company's stock worth $269,000 after buying an additional 886 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Papa John's International by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 20,318 shares of the company's stock valued at $834,000 after purchasing an additional 1,125 shares during the last quarter.

Papa John's International Stock Performance

Shares of PZZA traded up $0.80 during mid-day trading on Friday, reaching $43.94. The stock had a trading volume of 459,326 shares, compared to its average volume of 975,892. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 3.80 and a beta of 1.19. Papa John's International, Inc. has a 12 month low of $30.16 and a 12 month high of $60.75. The business has a fifty day moving average of $46.74 and a 200 day moving average of $42.23.

Papa John's International (NASDAQ:PZZA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. The firm had revenue of $518.31 million during the quarter, compared to analyst estimates of $512.48 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. Papa John's International's revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts forecast that Papa John's International, Inc. will post 2.19 EPS for the current fiscal year.

Papa John's International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.46 per share. The ex-dividend date was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.19%. Papa John's International's dividend payout ratio is 78.30%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Loop Capital decreased their price objective 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. Stifel Nicolaus decreased their price objective on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Benchmark reissued a "buy" rating and set a $50.00 price objective on shares of Papa John's International in a report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and set a $50.00 target price on shares of Papa John's International in a report on Thursday, June 12th. Finally, UBS Group cut their price objective on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $51.25.

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.