Segall Bryant & Hamill LLC Increases Position in Papa John's International, Inc. (NASDAQ:PZZA)

Segall Bryant & Hamill LLC boosted its position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 776,169 shares of the company's stock after purchasing an additional 199,840 shares during the period. 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 (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new position in shares of Papa John's International during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp increased its position in shares of Papa John's International by 111.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after acquiring an additional 717 shares during the period. Signaturefd LLC increased its position in shares of Papa John's International by 214.7% during the first quarter. Signaturefd LLC now owns 1,388 shares of the company's stock worth $57,000 after acquiring an additional 947 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Papa John's International during the fourth quarter worth approximately $58,000. Finally, CWM LLC increased its position 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 worth $66,000 after acquiring an additional 344 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PZZA. Benchmark reaffirmed a "buy" rating and set a $50.00 target price on shares of Papa John's International in a research report on Monday, May 12th. Stephens reissued an "overweight" rating and set a $50.00 price objective on shares of Papa John's International in a report on Thursday, June 12th. UBS Group cut their price objective on shares of Papa John's International from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus decreased their price objective on Papa John's International from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Finally, Loop Capital dropped 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $51.25.

Papa John's International Price Performance

NASDAQ PZZA traded up $1.00 on Friday, hitting $45.06. The stock had a trading volume of 1,130,833 shares, compared to its average volume of 1,243,830. The business's fifty day moving average price is $46.35 and its 200 day moving average price is $42.11. Papa John's International, Inc. has a 52-week low of $30.16 and a 52-week high of $60.75. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 4.00 and a beta of 1.19.

Papa John's International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping 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 for 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 business's revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Papa John's International, Inc. will post 2.19 EPS for the current year.

Papa John's International Announces Dividend

The business also recently disclosed 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Monday, May 19th. 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.