Kingsview Wealth Management LLC Makes New $2.91 Million Investment in Papa John's International, Inc. (NASDAQ:PZZA)

Kingsview Wealth Management LLC 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 70,746 shares of the company's stock, valued at approximately $2,906,000. Kingsview Wealth Management LLC owned 0.22% of Papa John's International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of PZZA. CIBC Private Wealth Group LLC bought a new stake in Papa John's International during the fourth quarter worth about $30,000. Signaturefd LLC lifted its position 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 purchasing an additional 947 shares during the period. New Age Alpha Advisors LLC bought a new stake in Papa John's International during the fourth quarter worth about $58,000. CWM LLC lifted its position in Papa John's International by 27.2% during the first quarter. CWM LLC now owns 1,610 shares of the company's stock worth $66,000 after purchasing an additional 344 shares during the period. Finally, State of Wyoming acquired a new position in Papa John's International during the fourth quarter worth about $87,000.

Papa John's International Stock Up 2.3%

Shares of PZZA stock opened at $45.06 on Friday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 4.00 and a beta of 1.19. Papa John's International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75. The firm has a 50 day moving average of $46.35 and a 200-day moving average of $42.11.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.36 EPS for the quarter, topping 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 the consensus estimate of $512.48 million. During the same quarter last year, the firm posted $0.67 EPS. The company's quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Papa John's International, Inc. will post 2.19 earnings per share for the current year.

Papa John's International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Monday, May 19th. Papa John's International's dividend payout ratio is currently 78.30%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group dropped their target price on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, May 5th. 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 report on Tuesday, April 15th. Benchmark reissued a "buy" rating and issued a $50.00 target price on shares of Papa John's International in a report on Monday, May 12th. Loop Capital dropped their target price on shares of 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. Finally, Stephens reissued an "overweight" rating and issued a $50.00 target price on shares of Papa John's International in a report on Thursday, June 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $51.25.

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.

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