Fox Run Management L.L.C. Makes New $549,000 Investment in Papa John's International, Inc. $PZZA

Key Points

• Fox Run Management L.L.C. has made a new investment in Papa John's International, Inc. (NASDAQ: PZZA), acquiring 13,375 shares valued at approximately $549,000.
• Papa John’s International reported earnings per share of $0.41, exceeding analysts' expectations of $0.34, along with revenue of $529.17 million for the quarter.
• The company announced a quarterly dividend of $0.46 per share, which will be paid on August 29th, representing an annualized yield of 3.9%.

Fox Run Management L.L.C. bought a new stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,375 shares of the company's stock, valued at approximately $549,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Papa John's International by 4,646.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company's stock valued at $29,000 after acquiring an additional 697 shares during the last quarter. Signaturefd LLC raised its stake in shares of Papa John's International by 214.7% in the first quarter. Signaturefd LLC now owns 1,388 shares of the company's stock valued at $57,000 after acquiring an additional 947 shares during the last quarter. CWM LLC raised its stake 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 acquiring an additional 344 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Papa John's International by 506.3% in the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock valued at $87,000 after acquiring an additional 1,772 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Papa John's International in the fourth quarter valued at approximately $87,000.

Papa John's International Stock Up 4.4%

PZZA stock traded up $1.97 during trading on Friday, hitting $46.29. The company had a trading volume of 1,280,970 shares, compared to its average volume of 932,789. The firm has a 50-day moving average price of $46.05 and a 200-day moving average price of $43.04. Papa John's International, Inc. has a 12 month low of $30.16 and a 12 month high of $60.75. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.56 and a beta of 1.13.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $529.17 million during the quarter, compared to analyst estimates of $515.48 million. During the same quarter in the previous year, the business earned $0.61 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 yield of 4.0%. The ex-dividend date of this dividend is Monday, August 18th. Papa John's International's payout ratio is currently 81.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Papa John's International from $40.00 to $46.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Loop Capital dropped 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 research report on Friday, May 9th. UBS Group restated a "neutral" rating and issued a $42.00 price objective (up previously from $38.00) on shares of Papa John's International in a research report on Monday, August 4th. Stephens restated an "overweight" rating and issued a $52.00 price objective (up previously from $50.00) on shares of Papa John's International in a research report on Friday, August 8th. Finally, Benchmark restated a "buy" rating and issued a $60.00 price objective (up previously from $50.00) on shares of Papa John's International in a research report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.33.

About Papa John's International

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.