Papa John’s Int’l, Inc. (PZZA) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its stake in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 37.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,488 shares of the company’s stock after acquiring an additional 6,440 shares during the period. First Trust Advisors LP owned 0.07% of Papa John’s Int’l worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PZZA. Point72 Asset Management L.P. lifted its stake in shares of Papa John’s Int’l by 121.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 294,043 shares of the company’s stock worth $14,914,000 after acquiring an additional 161,302 shares during the period. Garnet Equity Capital Holdings Inc. acquired a new stake in shares of Papa John’s Int’l in the 3rd quarter worth approximately $3,846,000. Canada Pension Plan Investment Board acquired a new stake in Papa John’s Int’l during the second quarter valued at approximately $3,408,000. Epoch Investment Partners Inc. lifted its stake in Papa John’s Int’l by 7.1% during the second quarter. Epoch Investment Partners Inc. now owns 717,777 shares of the company’s stock valued at $36,406,000 after purchasing an additional 47,448 shares during the last quarter. Finally, Chilton Investment Co. LLC acquired a new stake in Papa John’s Int’l during the second quarter valued at approximately $1,322,000. 80.47% of the stock is owned by institutional investors.

PZZA stock opened at $45.08 on Friday. Papa John’s Int’l, Inc. has a 12 month low of $38.05 and a 12 month high of $69.45. The company has a market cap of $1.45 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.19.

Papa John’s Int’l (NASDAQ:PZZA) last released its earnings results on Tuesday, November 6th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Papa John’s Int’l had a net margin of 2.64% and a negative return on equity of 27.98%. The business had revenue of $364.01 million for the quarter, compared to analyst estimates of $390.62 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. Equities analysts predict that Papa John’s Int’l, Inc. will post 1.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 12th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.00%. Papa John’s Int’l’s dividend payout ratio is currently 34.35%.

Several research firms recently commented on PZZA. Zacks Investment Research raised shares of Papa John’s Int’l from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. BidaskClub raised shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Citigroup increased their target price on shares of Papa John’s Int’l from $51.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, November 12th. ValuEngine raised shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Stifel Nicolaus increased their target price on shares of Papa John’s Int’l from $38.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Papa John’s Int’l has a consensus rating of “Hold” and an average price target of $59.50.

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About Papa John’s Int’l

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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Institutional Ownership by Quarter for Papa John`s Int`l (NASDAQ:PZZA)

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