Papa Johns International, Inc. (NASDAQ:PZZA) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,765 shares of the company's stock after selling 8,779 shares during the period. First Hawaiian Bank's holdings in Papa Johns International were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in Papa Johns International by 15.8% during the fourth quarter. Blue Trust Inc. now owns 5,425 shares of the company's stock worth $223,000 after purchasing an additional 740 shares during the period. KBC Group NV increased its stake in Papa Johns International by 9.1% during the fourth quarter. KBC Group NV now owns 6,639 shares of the company's stock worth $273,000 after purchasing an additional 551 shares during the period. Jennison Associates LLC purchased a new stake in Papa Johns International during the fourth quarter worth about $1,114,000. Guidance Capital Inc. purchased a new stake in Papa Johns International during the fourth quarter worth about $479,000. Finally, Wilmington Savings Fund Society FSB increased its stake in Papa Johns International by 300.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares during the period.

Papa Johns International Stock Up 0.9%

PZZA traded up $0.42 on Thursday, reaching $47.51. The company's stock had a trading volume of 1,393,996 shares, compared to its average volume of 1,223,510. The stock has a 50 day moving average of $37.56 and a two-hundred day moving average of $41.47. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 2.41 and a beta of 1.09. Papa Johns International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $60.75.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The firm had revenue of $518.31 million during the quarter, compared to the consensus estimate of $512.48 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. As a group, analysts anticipate that Papa Johns International, Inc. will post 2.19 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Monday, May 19th. Papa Johns International's dividend payout ratio (DPR) is 78.30%.

Wall Street Analyst Weigh In

PZZA has been the topic of a number of recent research reports. Northcoast Research upgraded shares of Papa Johns International to a "hold" rating in a research note on Monday, March 3rd. Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of Papa Johns International in a research note on Friday, February 28th. Benchmark reiterated a "buy" rating and set a $50.00 price target on shares of Papa Johns International in a research note on Monday, May 12th. UBS Group lowered their price objective on Papa Johns International from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Loop Capital lowered their price objective on Papa Johns International from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $51.25.

Papa Johns 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.