Retirement Systems of Alabama increased its holdings in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,297 shares of the company’s stock after acquiring an additional 260 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of Papa John’s Int’l worth $1,551,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of PZZA. PNC Financial Services Group Inc. boosted its position in shares of Papa John’s Int’l by 140.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after buying an additional 650 shares during the period. Dupont Capital Management Corp acquired a new stake in Papa John’s Int’l in the fourth quarter valued at $105,000. Municipal Employees Retirement System of Michigan acquired a new stake in Papa John’s Int’l in the fourth quarter valued at $219,000. Suntrust Banks Inc. acquired a new stake in Papa John’s Int’l in the fourth quarter valued at $222,000. Finally, LPL Financial LLC acquired a new stake in Papa John’s Int’l in the third quarter valued at $261,000. Institutional investors own 78.45% of the company’s stock.
In other news, Director Anthony Michael Sanfilippo acquired 1,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $47.79 per share, for a total transaction of $47,790.00. Following the acquisition, the director now directly owns 3,654 shares in the company, valued at approximately $174,624.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder John H. Schnatter sold 114,061 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $52.69, for a total transaction of $6,009,874.09. Following the completion of the transaction, the insider now directly owns 9,239,507 shares of the company’s stock, valued at $486,829,623.83. The disclosure for this sale can be found here. 43.00% of the stock is owned by insiders.
Shares of NASDAQ PZZA traded down $0.27 during midday trading on Wednesday, reaching $47.15. 751,690 shares of the company were exchanged, compared to its average volume of 1,051,828. Papa John’s Int’l, Inc. has a 1 year low of $38.05 and a 1 year high of $60.56. The firm has a market cap of $1.52 billion, a P/E ratio of 35.19, a P/E/G ratio of 3.48 and a beta of 0.51.
Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. The company had revenue of $398.41 million for the quarter, compared to analyst estimates of $384.67 million. Papa John’s Int’l had a negative return on equity of 13.51% and a negative net margin of 1.09%. The firm’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. On average, equities analysts forecast that Papa John’s Int’l, Inc. will post 1.1 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, May 10th. Papa John’s Int’l’s dividend payout ratio (DPR) is 67.16%.
A number of research firms have weighed in on PZZA. ValuEngine upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. BidaskClub upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Stephens raised their price target on Papa John’s Int’l from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Citigroup raised their price target on Papa John’s Int’l from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating and raised their price target for the company from $35.00 to $45.00 in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Papa John’s Int’l presently has an average rating of “Buy” and an average price target of $56.80.
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Papa John’s Int’l Profile
Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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