IFP Advisors Inc Takes $274,000 Position in Papa John's International, Inc. (NASDAQ:PZZA)

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 shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,653 shares of the company's stock, valued at approximately $274,000.

Several other large investors also recently bought and sold shares of PZZA. Allspring Global Investments Holdings LLC lifted its holdings in Papa John's International by 117.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company's stock valued at $2,040,000 after acquiring an additional 26,505 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Papa John's International in the first quarter valued at $230,000. Wellington Management Group LLP raised its stake in shares of Papa John's International by 31.8% in the fourth quarter. Wellington Management Group LLP now owns 387,699 shares of the company's stock valued at $15,923,000 after acquiring an additional 93,561 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in shares of Papa John's International by 43.1% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 122,087 shares of the company's stock valued at $5,014,000 after acquiring an additional 36,780 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Papa John's International by 12.2% in the first quarter. Envestnet Asset Management Inc. now owns 166,128 shares of the company's stock valued at $6,825,000 after buying an additional 18,099 shares during the last quarter.

Papa John's International Price Performance

PZZA stock traded down $1.18 during midday trading on Tuesday, hitting $41.88. The stock had a trading volume of 307,459 shares, compared to its average volume of 1,353,556. The firm has a market cap of $1.37 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. Papa John's International, Inc. has a 12-month low of $30.16 and a 12-month high of $60.75. The company's 50-day moving average price is $46.77 and its 200 day moving average price is $42.30.

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, beating the consensus estimate 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 company had revenue of $518.31 million during the quarter, compared to analysts' expectations of $512.48 million. During the same period in the previous year, the company earned $0.67 EPS. The business's quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given 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 4.39%. Papa John's International's dividend payout ratio (DPR) is 78.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group dropped their target price on Papa John's International from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus lowered their price target on Papa John's International from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Benchmark restated a "buy" rating and issued a $50.00 price objective on shares of Papa John's International in a research report on Monday, May 12th. Stephens restated an "overweight" rating and issued a $50.00 price objective on shares of Papa John's International in a research report on Thursday, June 12th. Finally, Loop Capital reduced their price target 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.