Segall Bryant & Hamill LLC Has $31.89 Million Stake in Papa John's International, Inc. (NASDAQ:PZZA)

Segall Bryant & Hamill LLC lifted its stake in shares of Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 34.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 776,169 shares of the company's stock after buying an additional 199,840 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 2.37% of Papa John's International worth $31,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Signaturefd LLC boosted its holdings in Papa John's International by 214.7% in the first quarter. Signaturefd LLC now owns 1,388 shares of the company's stock worth $57,000 after purchasing an additional 947 shares during the period. Isthmus Partners LLC lifted its stake in Papa John's International by 4.1% in the first quarter. Isthmus Partners LLC now owns 74,318 shares of the company's stock valued at $3,053,000 after buying an additional 2,907 shares during the last quarter. CWM LLC raised its stake in shares of Papa John's International by 27.2% during the first quarter. CWM LLC now owns 1,610 shares of the company's stock valued at $66,000 after purchasing an additional 344 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Papa John's International by 24.1% during the first quarter. New York State Common Retirement Fund now owns 169,947 shares of the company's stock valued at $6,981,000 after purchasing an additional 32,951 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC raised its stake in shares of Papa John's International by 4.6% during the first quarter. Beverly Hills Private Wealth LLC now owns 6,842 shares of the company's stock valued at $281,000 after purchasing an additional 299 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PZZA. Stephens restated an "overweight" rating and set a $50.00 price objective on shares of Papa John's International in a research note on Thursday, June 12th. UBS Group dropped their price target on shares of 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. Stifel Nicolaus dropped their price target on shares of 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. Loop Capital dropped their price target 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. Finally, Benchmark reissued a "buy" rating and issued a $50.00 price target on shares of Papa John's International in a research note on Monday, May 12th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Papa John's International currently has a consensus rating of "Hold" and an average price target of $51.25.

Papa John's International Trading Up 2.3%

Papa John's International stock traded up $1.00 during trading hours on Friday, reaching $45.06. 1,130,833 shares of the company were exchanged, compared to its average volume of 1,243,830. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 4.00 and a beta of 1.19. The stock has a 50-day moving average of $46.35 and a 200 day moving average of $42.11. Papa John's International, Inc. has a 12 month low of $30.16 and a 12 month 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 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Papa John's International had a negative return on equity of 15.72% and a net margin of 3.77%. The company had revenue of $518.31 million during the quarter, compared to analyst estimates of $512.48 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company's quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts forecast that Papa John's International, Inc. will post 2.19 EPS for the current year.

Papa John's International Dividend Announcement

The firm 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 was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.08%. Papa John's International's dividend payout ratio (DPR) is presently 78.30%.

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.