6,653 Shares in Papa John's International, Inc. (NASDAQ:PZZA) Bought by IFP Advisors Inc

Key Points

• IFP Advisors Inc has acquired a new stake in Papa John's International, purchasing 6,653 shares valued at approximately $274,000 during the first quarter.
• Papa John's reported $0.36 earnings per share for its latest quarter, exceeding analysts' expectations of $0.33, along with a revenue of $518.31 million.
• The company declared a quarterly dividend of $0.46 per share, with an annualized yield of 4.19% and a payout ratio of 78.30%.

IFP Advisors Inc acquired a new position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,653 shares of the company's stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. South Dakota Investment Council purchased a new position in shares of Papa John's International in the first quarter worth about $698,000. Fortis Group Advisors LLC bought a new stake in Papa John's International in the 1st quarter worth approximately $338,000. Kingsview Wealth Management LLC purchased a new stake in Papa John's International in the first quarter worth approximately $2,906,000. Segall Bryant & Hamill LLC grew its position in Papa John's International by 34.7% during the first quarter. Segall Bryant & Hamill LLC now owns 776,169 shares of the company's stock valued at $31,885,000 after acquiring an additional 199,840 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of 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 acquiring an additional 947 shares in the last quarter.

Papa John's International Stock Up 2.9%

PZZA traded up $1.22 during trading on Wednesday, hitting $43.43. The company's stock had a trading volume of 839,830 shares, compared to its average volume of 909,001. The business's 50 day simple moving average is $46.80 and its 200-day simple moving average is $42.30. Papa John's International, Inc. has a one year low of $30.16 and a one year high of $60.75. The firm has a market cap of $1.42 billion, a PE ratio of 18.48, a P/E/G ratio of 3.65 and a beta of 1.19.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. The firm had revenue of $518.31 million during the quarter, compared to analysts' expectations of $512.48 million. During the same period in the prior year, the company posted $0.67 earnings per share. The company's revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts expect that Papa John's International, Inc. will post 2.19 EPS 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. Shareholders of record on Monday, May 19th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a yield of 4.24%. Papa John's International's dividend payout ratio is presently 78.30%.

Analysts Set New Price Targets

Several equities analysts recently commented on PZZA shares. Benchmark reaffirmed a "buy" rating and set a $50.00 target price on shares of Papa John's International in a report on Monday, May 12th. Stephens reiterated an "overweight" rating and issued a $50.00 price objective on shares of Papa John's International in a report on Thursday, June 12th. Loop Capital decreased their target price on Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group reduced their price objective on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Stifel Nicolaus dropped their target price on shares of 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Papa John's International currently has an average rating of "Hold" and an average price target of $51.25.

Papa John's 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.