US Bancorp DE Has $49,000 Stake in Papa John’s International, Inc. (NASDAQ:PZZA)

US Bancorp DE trimmed its holdings in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 69.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660 shares of the company’s stock after selling 1,535 shares during the period. US Bancorp DE’s holdings in Papa John’s International were worth $49,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley increased its stake in shares of Papa John’s International by 315.0% in the 4th quarter. Morgan Stanley now owns 1,348,724 shares of the company’s stock valued at $111,014,000 after buying an additional 1,023,713 shares during the period. Millennium Management LLC increased its stake in shares of Papa John’s International by 4,397.4% in the 4th quarter. Millennium Management LLC now owns 364,156 shares of the company’s stock valued at $29,974,000 after buying an additional 356,059 shares during the period. Norges Bank acquired a new stake in shares of Papa John’s International in the 4th quarter valued at $22,857,000. Thrivent Financial for Lutherans increased its stake in shares of Papa John’s International by 35.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 868,972 shares of the company’s stock valued at $71,526,000 after buying an additional 227,156 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Papa John’s International by 6.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,574,293 shares of the company’s stock valued at $294,201,000 after buying an additional 207,550 shares during the period.

Papa John’s International Trading Up 1.9 %

NASDAQ:PZZA opened at $77.15 on Friday. Papa John’s International, Inc. has a 1 year low of $66.74 and a 1 year high of $97.78. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.41 and a beta of 1.13. The stock has a 50-day moving average price of $78.14 and a two-hundred day moving average price of $77.68.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Papa John’s International had a negative return on equity of 23.66% and a net margin of 3.46%. The firm had revenue of $514.53 million during the quarter, compared to analysts’ expectations of $530.10 million. Sell-side analysts forecast that Papa John’s International, Inc. will post 2.7 earnings per share for the current year.

Papa John’s International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a dividend of $0.46 per share. This is a boost from Papa John’s International’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, August 11th. Papa John’s International’s dividend payout ratio is currently 88.46%.

Wall Street Analysts Forecast Growth

PZZA has been the subject of several research reports. StockNews.com initiated coverage on Papa John’s International in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Piper Sandler started coverage on Papa John’s International in a research note on Tuesday, June 13th. They set a “neutral” rating and a $77.00 price objective for the company. 58.com reaffirmed an “initiates” rating on shares of Papa John’s International in a research note on Wednesday, June 14th. Benchmark reaffirmed a “buy” rating and set a $95.00 price objective on shares of Papa John’s International in a research note on Monday, August 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Papa John’s International in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Papa John’s International has a consensus rating of “Moderate Buy” and a consensus target price of $92.17.

Papa John’s International 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.