Fortis Group Advisors LLC acquired a new position in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,235 shares of the company's stock, valued at approximately $338,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC grew its position in shares of Papa John's International by 4.6% in the first 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 during the period. CWM LLC grew 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 purchasing an additional 344 shares during the period. Brevan Howard Capital Management LP grew its position 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 valued at $647,000 after purchasing an additional 388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $776,000 after purchasing an additional 658 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Papa John's International in the fourth quarter valued at $30,000.
Papa John's International Stock Performance
Shares of NASDAQ:PZZA traded up $1.00 during trading on Friday, hitting $45.06. The company's stock had a trading volume of 1,130,833 shares, compared to its average volume of 1,243,830. Papa John's International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $60.75. The stock's 50-day moving average price is $46.35 and its two-hundred day moving average price is $42.11. The company has a market capitalization of $1.48 billion, a PE ratio of 19.17, a PEG ratio of 4.00 and a beta of 1.19.
Papa John's International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Papa John's International had a negative return on equity of 15.72% and a net margin of 3.77%. The business had revenue of $518.31 million for the quarter, compared to analysts' expectations of $512.48 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company's revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Papa John's International, Inc. will post 2.19 earnings per share for the current fiscal year.
Papa John's International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Monday, May 19th. Papa John's International's dividend payout ratio (DPR) is 78.30%.
Wall Street Analysts Forecast Growth
PZZA has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on 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. Loop Capital lowered their price target on Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Benchmark reissued a "buy" rating and set a $50.00 price target on shares of Papa John's International in a research report on Monday, May 12th. Stifel Nicolaus lowered their price target on Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Finally, Stephens reissued an "overweight" rating and set a $50.00 price target on shares of Papa John's International in a research report on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $51.25.
Get Our Latest Stock Report on PZZA
Papa John's International Profile
(
Free Report)
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.
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