GAMMA Investing LLC Has $3.58 Million Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

GAMMA Investing LLC lifted its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 24,806.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,172 shares of the company's stock after purchasing an additional 86,822 shares during the period. GAMMA Investing LLC owned approximately 0.27% of Papa Johns International worth $3,581,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wilmington Savings Fund Society FSB boosted its holdings in shares of Papa Johns International by 300.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares during the period. CIBC Private Wealth Group LLC purchased a new position in Papa Johns International during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp raised its stake in Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock valued at $56,000 after purchasing an additional 717 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Papa Johns International in the fourth quarter valued at $58,000. Finally, State of Wyoming acquired a new stake in shares of Papa Johns International in the fourth quarter worth $87,000.

Papa Johns International Stock Down 0.6%

PZZA stock traded down $0.30 during mid-day trading on Friday, reaching $50.34. 438,004 shares of the stock traded hands, compared to its average volume of 1,249,143. Papa Johns International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75. The firm has a market capitalization of $1.65 billion, a PE ratio of 17.60, a P/E/G ratio of 2.41 and a beta of 1.18. The business has a 50-day moving average of $38.66 and a two-hundred day moving average of $41.53.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm had revenue of $518.31 million during the quarter, compared to analysts' expectations of $512.48 million. During the same period last year, the business earned $0.67 earnings per share. Papa Johns International's quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Papa Johns International, Inc. will post 2.19 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, May 19th. Papa Johns International's dividend payout ratio is 78.30%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PZZA. Benchmark reissued a "buy" rating and issued a $50.00 price target on shares of Papa Johns International in a research report on Monday, May 12th. Loop Capital dropped their price target on shares of Papa Johns International from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. UBS Group reduced their price objective on Papa Johns International from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, February 28th. Finally, Stifel Nicolaus reduced their price target on Papa Johns International from $40.00 to $38.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $51.25.

About Papa Johns 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.