Papa John’s International Sees Unusually High Options Volume (PZZA)

Papa John’s International, Inc. (NASDAQ:PZZA) was the recipient of some unusual options trading activity on Friday. Traders bought 3,416 call options on the company. This represents an increase of 1,042% compared to the typical daily volume of 299 call options.

PZZA has been the topic of a number of recent research reports. Nomura reduced their price target on shares of Papa John’s International from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research cut shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Papa John’s International in a report on Tuesday, August 29th. Stifel Nicolaus initiated coverage on shares of Papa John’s International in a report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Papa John’s International in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Papa John’s International has an average rating of “Hold” and a consensus target price of $79.56.

Papa John’s International (NASDAQ:PZZA) opened at $59.96 on Monday. The company has a market cap of $2,100.00, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.40. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21. Papa John’s International has a 52 week low of $55.05 and a 52 week high of $90.49.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Tuesday, October 31st. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. equities research analysts forecast that Papa John’s International will post 2.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.50%. Papa John’s International’s dividend payout ratio (DPR) is 30.93%.

In other Papa John’s International news, Director Wayne Kent Taylor purchased 8,860 shares of Papa John’s International stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $57.53 per share, for a total transaction of $509,715.80. Following the transaction, the director now owns 30,822 shares in the company, valued at approximately $1,773,189.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 27.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. State Treasurer State of Michigan boosted its position in shares of Papa John’s International by 0.9% during the 2nd quarter. State Treasurer State of Michigan now owns 10,900 shares of the company’s stock valued at $782,000 after purchasing an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Papa John’s International by 0.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,227 shares of the company’s stock valued at $1,308,000 after purchasing an additional 128 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Papa John’s International by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 19,327 shares of the company’s stock valued at $1,387,000 after purchasing an additional 166 shares in the last quarter. Amalgamated Bank boosted its position in shares of Papa John’s International by 4.9% during the 2nd quarter. Amalgamated Bank now owns 3,908 shares of the company’s stock valued at $280,000 after purchasing an additional 183 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Papa John’s International by 0.9% during the 2nd quarter. Comerica Bank now owns 21,093 shares of the company’s stock valued at $1,589,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 84.21% of the company’s stock.

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Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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