Papa John's International, Inc. (NASDAQ:PZZA) Stock Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 24.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 169,947 shares of the company's stock after purchasing an additional 32,951 shares during the period. New York State Common Retirement Fund owned 0.52% of Papa John's International worth $6,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC bought a new stake in shares of Papa John's International in the 4th quarter worth about $30,000. New Age Alpha Advisors LLC bought a new stake in shares of Papa John's International during the 4th quarter valued at about $58,000. GAMMA Investing LLC grew its position in shares of Papa John's International by 506.3% during the 1st quarter. GAMMA Investing LLC now owns 2,122 shares of the company's stock valued at $87,000 after buying an additional 1,772 shares during the last quarter. State of Wyoming bought a new stake in shares of Papa John's International during the 4th quarter valued at about $87,000. Finally, Bessemer Group Inc. grew its position in shares of Papa John's International by 2,758.7% during the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company's stock valued at $88,000 after buying an additional 2,069 shares during the last quarter.

Papa John's International Price Performance

PZZA stock opened at $45.06 on Monday. Papa John's International, Inc. has a 12 month low of $30.16 and a 12 month high of $60.75. The firm has a market cap of $1.48 billion, a PE ratio of 19.17, a P/E/G ratio of 4.09 and a beta of 1.19. The firm has a 50 day simple moving average of $46.35 and a 200 day simple moving average of $42.11.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Papa John's International had a net margin of 3.77% and a negative return on equity of 15.72%. The business had revenue of $518.31 million during the quarter, compared to analyst estimates of $512.48 million. During the same period in the prior year, the business earned $0.67 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Papa John's International, Inc. will post 2.19 earnings per share for the current year.

Papa John's International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.46 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PZZA shares. Benchmark reaffirmed a "buy" rating and set a $50.00 price objective on shares of Papa John's International in a research report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and set a $50.00 price objective on shares of Papa John's International in a research report on Thursday, June 12th. UBS Group lowered their price objective on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. 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 research report on Friday, May 9th. Finally, Stifel Nicolaus decreased their target price on shares of Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $51.25.

Papa John's International 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.

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