Alberta Investment Management Corp Boosts Stock Position in Papa John’s International, Inc. $PZZA

Alberta Investment Management Corp grew its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 17.0% during the fourth quarter, Holdings Channel reports. The firm owned 275,702 shares of the company’s stock after acquiring an additional 39,969 shares during the period. Alberta Investment Management Corp’s holdings in Papa John’s International were worth $10,612,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC increased its holdings in Papa John’s International by 6.5% in the 3rd quarter. Private Advisor Group LLC now owns 5,220 shares of the company’s stock worth $251,000 after buying an additional 319 shares during the period. State of Alaska Department of Revenue lifted its position in Papa John’s International by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 18,642 shares of the company’s stock valued at $716,000 after purchasing an additional 328 shares during the period. Alliancebernstein L.P. boosted its holdings in Papa John’s International by 0.8% in the third quarter. Alliancebernstein L.P. now owns 42,662 shares of the company’s stock valued at $2,054,000 after purchasing an additional 354 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Papa John’s International by 6.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,176 shares of the company’s stock valued at $238,000 after purchasing an additional 367 shares during the last quarter. Finally, Guidance Capital Inc. grew its position in Papa John’s International by 3.1% during the 3rd quarter. Guidance Capital Inc. now owns 12,946 shares of the company’s stock worth $623,000 after purchasing an additional 386 shares during the period.

Papa John’s International Trading Down 1.4%

Shares of PZZA stock opened at $32.69 on Wednesday. Papa John’s International, Inc. has a 12-month low of $29.55 and a 12-month high of $55.74. The business’s 50 day moving average is $34.23 and its two-hundred day moving average is $35.62. The company has a market capitalization of $1.08 billion, a P/E ratio of 39.39, a P/E/G ratio of 1.84 and a beta of 1.15.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Papa John’s International had a net margin of 1.37% and a negative return on equity of 10.71%. The company had revenue of $478.61 million during the quarter, compared to analyst estimates of $485.51 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research analysts predict that Papa John’s International, Inc. will post 1.51 earnings per share for the current fiscal year.

Papa John’s International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, May 18th. Papa John’s International’s payout ratio is presently 221.69%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PZZA shares. Benchmark decreased their price objective on Papa John’s International from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, May 8th. Piper Sandler dropped their target price on Papa John’s International from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Wall Street Zen upgraded Papa John’s International from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. UBS Group decreased their price target on Papa John’s International from $42.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Papa John’s International from $45.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Papa John’s International presently has an average rating of “Hold” and a consensus target price of $38.50.

Papa John’s International Company Profile

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.