Savoir Faire Capital Management L.P. Sells 80,428 Shares of Papa John's International, Inc. (NASDAQ:PZZA)

Savoir Faire Capital Management L.P. lowered its position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 65.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,659 shares of the company's stock after selling 80,428 shares during the quarter. Papa John's International makes up approximately 1.5% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 29th biggest position. Savoir Faire Capital Management L.P. owned about 0.13% of Papa John's International worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Papa John's International by 117.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,118,403 shares of the company's stock worth $45,933,000 after purchasing an additional 603,650 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Papa John's International in the 4th quarter valued at approximately $17,328,000. Segall Bryant & Hamill LLC raised its holdings in Papa John's International by 131.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 576,329 shares of the company's stock valued at $23,670,000 after acquiring an additional 327,300 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in Papa John's International by 124.8% in the 4th quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company's stock valued at $22,206,000 after acquiring an additional 300,138 shares in the last quarter. Finally, Long Focus Capital Management LLC acquired a new position in Papa John's International in the 4th quarter valued at approximately $7,393,000.

Wall Street Analyst Weigh In

PZZA has been the subject of a number of recent research reports. 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. Stifel Nicolaus decreased their price objective on Papa John's International from $40.00 to $38.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. UBS Group decreased their price objective on Papa John's International from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Stephens reiterated an "overweight" rating and issued a $50.00 price objective on shares of Papa John's International in a research report on Thursday, June 12th. Finally, Loop Capital decreased their price objective on Papa John's International from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Papa John's International presently has a consensus rating of "Hold" and an average target price of $51.25.

Papa John's International Price Performance

NASDAQ PZZA traded up $1.00 during trading on Friday, reaching $45.06. 1,130,833 shares of the company's stock were exchanged, compared to its average volume of 1,242,095. The business has a 50 day moving average price of $46.35 and a 200-day moving average price of $42.12. The stock has a market capitalization of $1.48 billion, a P/E ratio of 19.17, a PEG ratio of 4.09 and a beta of 1.19. Papa John's International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $60.75.

Papa John's International (NASDAQ:PZZA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $518.31 million during the quarter, compared to analysts' expectations of $512.48 million. Papa John's International had a negative return on equity of 15.72% and a net margin of 3.77%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. On average, 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 business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 annualized dividend and a dividend yield of 4.08%. Papa John's International's dividend payout ratio (DPR) is presently 78.30%.

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.