13,375 Shares in Papa John's International, Inc. $PZZA Acquired by Fox Run Management L.L.C.

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 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 13,375 shares of the company's stock, valued at approximately $549,000.

Several other large investors also recently made changes to their positions in PZZA. Caitong International Asset Management Co. Ltd grew its stake in shares of Papa John's International by 4,646.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company's stock valued at $29,000 after buying an additional 697 shares during the period. Signaturefd LLC grew its stake in shares of Papa John's International by 214.7% in the 1st quarter. Signaturefd LLC now owns 1,388 shares of the company's stock valued at $57,000 after buying an additional 947 shares during the period. CWM LLC grew its stake in shares of Papa John's International by 27.2% in the 1st quarter. CWM LLC now owns 1,610 shares of the company's stock valued at $66,000 after buying an additional 344 shares during the period. State of Wyoming acquired a new stake in shares of Papa John's International in the 4th quarter valued at about $87,000. Finally, GAMMA Investing LLC grew its stake in shares of Papa John's International by 506.3% in the 1st quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock valued at $87,000 after buying an additional 1,772 shares during the period.

Papa John's International Stock Performance

Shares of Papa John's International stock traded down $0.73 during mid-day trading on Thursday, hitting $44.32. 583,647 shares of the stock were exchanged, compared to its average volume of 1,316,425. Papa John's International, Inc. has a 12 month low of $30.16 and a 12 month high of $60.75. The company has a 50-day simple moving average of $46.26 and a 200 day simple moving average of $42.94. The company has a market capitalization of $1.45 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.54 and a beta of 1.13.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $515.48 million. During the same quarter last year, the firm earned $0.61 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Papa John's International, Inc. will post 2.19 EPS for the current year.

Papa John's International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, August 18th. Papa John's International's payout ratio is 81.42%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Loop Capital dropped their price target on shares of Papa John's International from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target (up previously from $50.00) on shares of Papa John's International in a research report on Friday, August 8th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price target (up previously from $50.00) on shares of Papa John's International in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Papa John's International from $40.00 to $46.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $42.00 price target (up previously from $38.00) on shares of Papa John's International in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.