Kodai Capital Management LP Invests $5.64 Million in Papa John's International, Inc. $PZZA

Key Points

• Kodai Capital Management LP has acquired a new stake in Papa John's International, purchasing 137,304 shares valued at approximately $5.64 million, representing about 0.42% of the company.
• Recent analysis indicates a mix of ratings for Papa John's shares, with five analysts giving a Buy rating and six assigning a Hold rating, accompanied by a consensus price target of $52.33.
• Papa John's reported earnings of $0.41 EPS in its latest quarter, surpassing expectations and contributing to a 4.2% increase in revenue year-over-year.

Kodai Capital Management LP purchased a new position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 137,304 shares of the company's stock, valued at approximately $5,640,000. Kodai Capital Management LP owned 0.42% of Papa John's International at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Papa John's International by 4,646.7% in the first 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 in the last quarter. Smartleaf Asset Management LLC raised its position in Papa John's International by 937.8% in the first quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $34,000 after acquiring an additional 769 shares during the period. Signaturefd LLC raised its position in Papa John's International by 214.7% in the first quarter. Signaturefd LLC now owns 1,388 shares of the company's stock worth $57,000 after acquiring an additional 947 shares during the period. CWM LLC increased its stake in shares of Papa John's International by 27.2% in the first quarter. CWM LLC now owns 1,610 shares of the company's stock worth $66,000 after purchasing an additional 344 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Papa John's International in the fourth quarter worth about $87,000.

Papa John's International Price Performance

PZZA stock traded up $0.83 during trading on Wednesday, hitting $48.45. 428,106 shares of the stock traded hands, compared to its average volume of 1,312,974. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15. The firm's 50 day moving average is $45.92 and its two-hundred day moving average is $43.30. Papa John's International, Inc. has a 1 year low of $30.16 and a 1 year high of $60.75.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $529.17 million for the quarter, compared to analysts' expectations of $515.48 million. Papa John's International had a net margin of 3.58% and a negative return on equity of 14.42%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 18th. Papa John's International's dividend payout ratio is 81.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PZZA shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Papa John's International from $40.00 to $46.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Stifel Nicolaus boosted their price target on shares of Papa John's International from $38.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, August 15th. UBS Group restated a "neutral" rating and issued a $42.00 price objective (up from $38.00) on shares of Papa John's International in a report on Monday, August 4th. 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 report on Friday, May 9th. Finally, Stephens reiterated an "overweight" rating and set a $52.00 price target (up from $50.00) on shares of Papa John's International in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Papa John's International has a consensus rating of "Hold" and a consensus price target of $52.33.

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.