Oppenheimer Asset Management Inc. Takes $214,000 Position in Papa John’s International, Inc. (NASDAQ:PZZA)

Oppenheimer Asset Management Inc. bought a new position in Papa John’s International, Inc. (NASDAQ:PZZA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,851 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State of Wyoming lifted its holdings in Papa John’s International by 22.1% in the 4th quarter. State of Wyoming now owns 807 shares of the company’s stock worth $66,000 after purchasing an additional 146 shares during the last quarter. Yousif Capital Management LLC increased its position in Papa John’s International by 0.9% in the 1st quarter. Yousif Capital Management LLC now owns 17,234 shares of the company’s stock worth $1,814,000 after buying an additional 155 shares during the period. PNC Financial Services Group Inc. increased its position in Papa John’s International by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,489 shares of the company’s stock worth $452,000 after buying an additional 176 shares during the period. Acorn Financial Advisory Services Inc. ADV increased its position in Papa John’s International by 1.2% in the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 16,070 shares of the company’s stock worth $1,204,000 after buying an additional 193 shares during the period. Finally, Bank of Montreal Can increased its position in Papa John’s International by 5.5% in the 1st quarter. Bank of Montreal Can now owns 3,854 shares of the company’s stock worth $408,000 after buying an additional 201 shares during the period.

Papa John’s International Price Performance

Shares of PZZA stock opened at $77.41 on Thursday. The stock’s fifty day simple moving average is $77.87 and its 200 day simple moving average is $77.91. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 2.41 and a beta of 1.13. Papa John’s International, Inc. has a one year low of $66.74 and a one year high of $97.78.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $514.53 million for the quarter, compared to analyst estimates of $530.10 million. Papa John’s International had a negative return on equity of 23.66% and a net margin of 3.46%. On average, research analysts anticipate that Papa John’s International, Inc. will post 2.7 earnings per share for the current year.

Papa John’s International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.84 dividend on an annualized basis and a yield of 2.38%. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.42. Papa John’s International’s payout ratio is currently 88.46%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America lifted their price target on Papa John’s International from $99.00 to $106.00 in a research report on Friday, July 21st. OTR Global raised Papa John’s International to a “positive” rating in a research report on Thursday, July 20th. BTIG Research dropped their price target on Papa John’s International from $100.00 to $95.00 in a research report on Friday, August 4th. 58.com reaffirmed an “initiates” rating on shares of Papa John’s International in a research report on Wednesday, June 14th. Finally, Wedbush restated a “neutral” rating and set a $80.00 price objective on shares of Papa John’s International in a research report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.92.

Papa John’s International 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.