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Headlands Technologies LLC Sells 8,489 Shares of Papa John's International, Inc. (NASDAQ:PZZA)

Papa John's International logo with Retail/Wholesale background

Key Points

  • Headlands Technologies LLC has reduced its stake in Papa John's International by 53.3%, selling 8,489 shares, leaving it with 7,437 shares valued at approximately $306,000.
  • Several other institutional investors also increased their holdings in Papa John's, with Bessemer Group Inc. boosting its stake by a staggering 2,758.7%.
  • Papa John's International reported a quarterly EPS of $0.41, surpassing analysts' expectations of $0.34, alongside a revenue of $529.17 million, which marks a 4.2% increase year-over-year.
  • Want stock alerts on Papa John's International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Headlands Technologies LLC trimmed its position in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 53.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,437 shares of the company's stock after selling 8,489 shares during the period. Headlands Technologies LLC's holdings in Papa John's International were worth $306,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Papa John's International by 214.7% during the first quarter. Signaturefd LLC now owns 1,388 shares of the company's stock worth $57,000 after buying an additional 947 shares in the last quarter. CWM LLC boosted its position in Papa John's International by 27.2% during the 1st quarter. CWM LLC now owns 1,610 shares of the company's stock worth $66,000 after buying an additional 344 shares during the period. GAMMA Investing LLC boosted its position in Papa John's International by 506.3% during the 1st quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock worth $87,000 after buying an additional 1,772 shares during the period. State of Wyoming acquired a new stake in Papa John's International during the 4th quarter worth approximately $87,000. Finally, Bessemer Group Inc. boosted its position in Papa John's International by 2,758.7% during the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company's stock worth $88,000 after buying an additional 2,069 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PZZA shares. Benchmark reiterated a "buy" rating and set a $50.00 target price on shares of Papa John's International in a research report on Monday, May 12th. Loop Capital lowered 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 note on Friday, May 9th. Stifel Nicolaus lowered 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 research note on Tuesday, April 15th. UBS Group restated a "neutral" rating and set a $42.00 price target (up previously from $38.00) on shares of Papa John's International in a research note on Monday, August 4th. Finally, Stephens lifted their price objective on shares of Papa John's International from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.38.

Check Out Our Latest Research Report on PZZA

Papa John's International Stock Performance

Shares of NASDAQ:PZZA opened at $43.32 on Friday. The company's 50-day moving average is $46.62 and its 200 day moving average is $42.58. The company has a market capitalization of $1.42 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 3.76 and a beta of 1.13. Papa John's International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $60.75.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Papa John's International had a negative return on equity of 14.42% and a net margin of 3.58%. The business had revenue of $529.17 million for the quarter, compared to analysts' expectations of $515.48 million. During the same period in the previous year, the business posted $0.61 EPS. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Papa John's International, Inc. will post 2.19 earnings per share 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. Stockholders of record on Monday, August 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 4.2%. Papa John's International's dividend payout ratio is currently 81.42%.

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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Institutional Ownership by Quarter for Papa John's International (NASDAQ:PZZA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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