15,700 Shares in Papa John's International, Inc. $PZZA Bought by Penn Mutual Asset Management

Key Points

• Penn Mutual Asset Management acquired 15,700 shares of Papa John's International, valued at approximately $645,000, making it the firm's 19th largest holding.
• Recent quarterly earnings showed Papa John's reported $0.41 EPS, surpassing estimates and indicating a 4.2% revenue growth compared to the same quarter last year.
• A quarterly dividend of $0.46 per share is set to be paid, resulting in an annualized dividend yield of 3.9% and a payout ratio of 81.42%.

Penn Mutual Asset Management purchased a new stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,700 shares of the company's stock, valued at approximately $645,000. Papa John's International accounts for 1.2% of Penn Mutual Asset Management's holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in Papa John's International by 4,646.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company's stock valued at $29,000 after buying an additional 697 shares during the period. Signaturefd LLC grew its holdings in Papa John's International by 214.7% in the 1st quarter. Signaturefd LLC now owns 1,388 shares of the company's stock valued at $57,000 after buying an additional 947 shares during the period. CWM LLC grew its holdings in 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 buying an additional 344 shares during the period. GAMMA Investing LLC grew its holdings in Papa John's International by 506.3% in 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 period. Finally, State of Wyoming acquired a new position in shares of Papa John's International in the 4th quarter valued at about $87,000.

Papa John's International Price Performance

Papa John's International stock traded up $1.74 during midday trading on Friday, hitting $46.06. 642,446 shares of the company were exchanged, compared to its average volume of 1,312,017. Papa John's International, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $60.75. The company's fifty day moving average price is $46.13 and its 200-day moving average price is $42.97. The company has a market cap of $1.51 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Papa John's International had a negative return on equity of 14.42% and a net margin of 3.58%.The company had revenue of $529.17 million for the quarter, compared to the consensus estimate of $515.48 million. During the same period in the previous year, the business earned $0.61 EPS. Papa John's International's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect that Papa John's International, Inc. will post 2.19 EPS for the current fiscal year.

Papa John's International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, August 18th. This represents a $1.84 annualized dividend and a yield of 4.0%. Papa John's International's payout ratio is currently 81.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PZZA. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective (up from $50.00) on shares of Papa John's International in a research note on Monday, August 11th. Loop Capital reduced 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 note on Friday, May 9th. Stifel Nicolaus lifted their price objective on Papa John's International from $38.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, August 15th. UBS Group reaffirmed a "neutral" rating and issued a $42.00 price objective (up from $38.00) on shares of Papa John's International in a research note on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Papa John's International from $40.00 to $46.00 and gave the company a "hold" rating in a research note 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, Papa John's International presently has an average rating of "Hold" and a consensus price target 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.