Landscape Capital Management L.L.C. Invests $1.09 Million in Papa John's International, Inc. $PZZA

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Papa John's International, purchasing 26,555 shares valued at approximately $1.09 million.
• Several analysts recently revised their price targets for Papa John's stock, with Benchmark raising its target from $50 to $60, while other firms issued ratings between "buy" and "hold."
• Papa John's International reported an earnings per share of $0.41 for the quarter, exceeding estimates, with a 4.2% increase in revenue year-over-year.

Landscape Capital Management L.L.C. 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 filing with the Securities and Exchange Commission (SEC). The fund bought 26,555 shares of the company's stock, valued at approximately $1,091,000. Landscape Capital Management L.L.C. owned about 0.08% of Papa John's International at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Beverly Hills Private Wealth LLC raised its stake in shares of Papa John's International by 4.6% in the first quarter. Beverly Hills Private Wealth LLC now owns 6,842 shares of the company's stock valued at $281,000 after acquiring an additional 299 shares during the last quarter. CWM LLC raised 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 valued at $66,000 after acquiring an additional 344 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Papa John's International by 2.5% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock valued at $647,000 after acquiring an additional 388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Papa John's International by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock valued at $776,000 after acquiring an additional 658 shares during the last quarter. Finally, Guidance Capital Inc. raised its position in Papa John's International by 5.7% in the 1st quarter. Guidance Capital Inc. now owns 12,974 shares of the company's stock worth $533,000 after purchasing an additional 694 shares during the last quarter.

Papa John's International Stock Performance

NASDAQ PZZA traded down $1.09 on Tuesday, reaching $47.62. The company had a trading volume of 990,753 shares, compared to its average volume of 1,318,525. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15. Papa John's International, Inc. has a 1-year low of $30.16 and a 1-year high of $60.75. The company's fifty day moving average is $45.95 and its 200-day moving average is $43.27.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $529.17 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. On average, research analysts forecast that Papa John's International, Inc. will post 2.19 earnings per share for the current 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, August 18th. Papa John's International's dividend payout ratio is currently 81.42%.

Analysts Set New Price Targets

PZZA has been the subject of several research analyst reports. UBS Group restated a "neutral" rating and issued a $42.00 price objective (up previously from $38.00) on shares of Papa John's International in a research report on Monday, August 4th. Stifel Nicolaus boosted their price objective on shares of Papa John's International from $38.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, August 15th. Stephens reaffirmed an "overweight" rating and issued a $52.00 target price (up previously from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft increased 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 report on Monday, August 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 target price (up previously from $50.00) on shares of Papa John's International in a report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Papa John's International currently has an average rating of "Hold" and an average target price of $52.33.

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.