Penn Mutual Asset Management Takes $645,000 Position in Papa John's International, Inc. $PZZA

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 acquired a new stake in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,700 shares of the company's stock, valued at approximately $645,000. Papa John's International comprises approximately 1.2% of Penn Mutual Asset Management's investment portfolio, making the stock its 19th largest position.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 purchasing an additional 697 shares during the last quarter. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 947 shares during the last quarter. 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 last quarter. State of Wyoming bought a new stake in shares of Papa John's International in the 4th quarter valued at approximately $87,000. Finally, GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 1,772 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on PZZA. Stephens reaffirmed an "overweight" rating and issued a $52.00 price objective (up from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. Loop Capital reduced their price target on Papa John's International from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus increased their price target on Papa John's International from $38.00 to $42.00 and gave the stock a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Papa John's International from $40.00 to $46.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Finally, Benchmark reiterated a "buy" rating and issued a $60.00 price target (up from $50.00) on shares of Papa John's International in a report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Papa John's International presently has a consensus rating of "Hold" and a consensus target price of $52.33.

Papa John's International Stock Performance

PZZA traded up $0.03 during trading on Tuesday, hitting $45.90. 724,650 shares of the stock were exchanged, compared to its average volume of 964,663. The firm has a 50 day simple moving average of $46.39 and a 200 day simple moving average of $42.92. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.54 and a beta of 1.13. Papa John's International, Inc. has a 1 year low of $30.16 and a 1 year high of $60.75.

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

Papa John's International Announces Dividend

The company 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. This represents a $1.84 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, August 18th. Papa John's International's dividend payout ratio (DPR) is presently 81.42%.

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.