Venture Visionary Partners LLC Takes Position in Papa John's International, Inc. $PZZA

Key Points

• Venture Visionary Partners LLC has made a significant investment in Papa John's International, acquiring 80,971 shares valued at approximately $3.33 million, representing 0.25% ownership of the company.
• The company reported earnings of $0.41 per share for the last quarter, surpassing analysts' expectations of $0.34 and witnessing a 4.2% year-over-year revenue increase to $529.17 million.
• Papa John's International has recently declared a quarterly dividend of $0.46 per share, which translates to an annualized dividend of $1.84 and a yield of 4.0% for shareholders.

Venture Visionary Partners LLC bought a new position in Papa John's International, Inc. (NASDAQ:PZZA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,971 shares of the company's stock, valued at approximately $3,326,000. Venture Visionary Partners LLC owned about 0.25% of Papa John's International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in Papa John's International by 117.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company's stock worth $2,040,000 after acquiring an additional 26,505 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Papa John's International in the first quarter worth approximately $230,000. Templeton & Phillips Capital Management LLC raised its holdings in shares of Papa John's International by 119.6% during the first quarter. Templeton & Phillips Capital Management LLC now owns 92,276 shares of the company's stock worth $3,791,000 after acquiring an additional 50,260 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Papa John's International by 12.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 166,128 shares of the company's stock valued at $6,825,000 after buying an additional 18,099 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Papa John's International during the 1st quarter valued at $509,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Papa John's International from $38.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Papa John's International from $40.00 to $46.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. UBS Group reaffirmed a "neutral" rating and set a $42.00 price target (up from $38.00) on shares of Papa John's International in a report on Monday, August 4th. Stephens reissued an "overweight" rating and set a $52.00 price target (up from $50.00) on shares of Papa John's International in a research note on Friday, August 8th. Finally, Benchmark restated a "buy" rating and set a $60.00 target price (up from $50.00) on shares of Papa John's International in a research report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.33.

Papa John's International Stock Up 3.4%

Shares of PZZA traded up $1.58 during trading hours on Monday, hitting $47.87. The company had a trading volume of 561,424 shares, compared to its average volume of 1,311,271. 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 $1.57 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.56 and a beta of 1.13. The business has a fifty day moving average of $46.05 and a 200-day moving average of $43.07.

Papa John's International (NASDAQ:PZZA - Get Free Report) last announced its earnings results 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 analysts' expectations of $515.48 million. Papa John's International had a net margin of 3.58% and a negative return on equity of 14.42%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, equities analysts expect that Papa John's International, Inc. will post 2.19 EPS for the current fiscal year.

Papa John's International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. Papa John's International's dividend payout ratio is presently 81.42%.

Papa John's International Company 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.