KG&L Capital Management LLC purchased a new stake in Papa John’s Int’l, Inc. (NASDAQ:PZZA) in the 1st quarter, HoldingsChannel reports. The fund purchased 5,001 shares of the company’s stock, valued at approximately $265,000.
Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC acquired a new stake in Papa John’s Int’l in the third quarter worth about $261,000. Teachers Advisors LLC lifted its holdings in Papa John’s Int’l by 3.1% in the third quarter. Teachers Advisors LLC now owns 46,200 shares of the company’s stock worth $2,369,000 after purchasing an additional 1,384 shares during the period. Virtu Financial LLC acquired a new stake in Papa John’s Int’l in the fourth quarter worth about $412,000. Deprince Race & Zollo Inc. acquired a new stake in Papa John’s Int’l in the fourth quarter worth about $25,698,000. Finally, KBC Group NV lifted its holdings in Papa John’s Int’l by 2.6% in the fourth quarter. KBC Group NV now owns 47,156 shares of the company’s stock worth $1,877,000 after purchasing an additional 1,183 shares during the period. 78.45% of the stock is owned by institutional investors.
In other Papa John’s Int’l news, 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 value of $6,009,874.09. Following the completion of the sale, the insider now directly owns 9,239,507 shares of the company’s stock, valued at approximately $486,829,623.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.00% of the stock is currently owned by corporate insiders.
Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings results 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. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The company had revenue of $398.41 million during the quarter, compared to the consensus estimate of $384.67 million. During the same period in the prior year, the company earned $0.52 EPS. Papa John’s Int’l’s revenue was down 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that Papa John’s Int’l, Inc. will post 1.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 10th. Papa John’s Int’l’s payout ratio is 67.16%.
PZZA has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on shares of Papa John’s Int’l from $38.00 to $6.00 and set a “hold” rating for the company in a report on Friday, February 1st. Citigroup reduced their price objective on shares of Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating for the company in a report on Friday, March 8th. BidaskClub downgraded shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Stephens upped their price objective on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Finally, ValuEngine raised shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Papa John’s Int’l presently has a consensus rating of “Buy” and a consensus price target of $56.80.
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Papa John’s Int’l Company 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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