Nuveen LLC Invests $3.85 Million in Papa John's International, Inc. $PZZA

Key Points

• Nuveen LLC acquired 93,694 shares of Papa John's International, Inc. for approximately $3.85 million, representing a 0.29% stake in the company.
• Analysts have raised their price targets for Papa John's stock, with estimates ranging from $42.00 to $60.00, indicating a generally positive outlook.
• The company recently announced a quarterly dividend of $0.46 per share, which results in an annualized dividend yield of 3.8% with a payout ratio of 81.42%.

Nuveen LLC acquired a new position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 93,694 shares of the company's stock, valued at approximately $3,849,000. Nuveen LLC owned 0.29% of Papa John's International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Beverly Hills Private Wealth LLC lifted its holdings in Papa John's International by 4.6% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,842 shares of the company's stock worth $281,000 after buying an additional 299 shares during the period. CWM LLC lifted its stake in shares of Papa John's International by 27.2% in the 1st quarter. CWM LLC now owns 1,610 shares of the company's stock valued at $66,000 after purchasing an additional 344 shares during the period. Brevan Howard Capital Management LP lifted its stake in shares of Papa John's International by 2.5% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company's stock valued at $647,000 after purchasing an additional 388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Papa John's International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company's stock valued at $776,000 after purchasing an additional 658 shares during the period. Finally, Guidance Capital Inc. lifted its stake in shares of Papa John's International by 5.7% in the 1st quarter. Guidance Capital Inc. now owns 12,974 shares of the company's stock valued at $533,000 after purchasing an additional 694 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently commented on PZZA shares. Loop Capital lowered their target price on Papa John's International from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Papa John's International from $40.00 to $46.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Benchmark reaffirmed a "buy" rating and set a $60.00 price objective (up previously from $50.00) on shares of Papa John's International in a research report on Monday, August 11th. UBS Group reaffirmed a "neutral" rating and set 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. Finally, Stephens reaffirmed an "overweight" rating and set a $52.00 price objective (up previously from $50.00) on shares of Papa John's International in a research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $52.33.

Papa John's International Stock Up 2.2%

Shares of Papa John's International stock traded up $1.04 on Monday, reaching $48.71. The company's stock had a trading volume of 832,633 shares, compared to its average volume of 1,160,777. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.68 and a beta of 1.15. The firm's fifty day simple moving average is $45.96 and its two-hundred day simple moving average is $43.27. Papa John's International, Inc. has a 52 week low of $30.16 and a 52 week 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 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $529.17 million during the quarter, compared to analyst estimates of $515.48 million. Papa John's International had a negative return on equity of 14.42% and a net margin of 3.58%.The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. As a group, research analysts predict that Papa John's International, Inc. will post 2.19 EPS for the current year.

Papa John's International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.8%. Papa John's International's dividend payout ratio (DPR) is presently 81.42%.

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.