XTX Topco Ltd Buys Shares of 11,766 Papa John’s International, Inc. (NASDAQ:PZZA)

XTX Topco Ltd bought a new stake in Papa John’s International, Inc. (NASDAQ:PZZA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,766 shares of the company’s stock, valued at approximately $882,000.

Other institutional investors have also recently bought and sold shares of the company. Simplicity Solutions LLC bought a new stake in shares of Papa John’s International during the 1st quarter worth approximately $473,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Papa John’s International during the 1st quarter worth approximately $214,000. Spouting Rock Asset Management LLC raised its stake in shares of Papa John’s International by 29.0% during the 1st quarter. Spouting Rock Asset Management LLC now owns 20,929 shares of the company’s stock worth $1,568,000 after purchasing an additional 4,710 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Papa John’s International during the 1st quarter worth approximately $895,000. Finally, Sei Investments Co. raised its stake in shares of Papa John’s International by 77.9% during the 1st quarter. Sei Investments Co. now owns 610,750 shares of the company’s stock worth $45,763,000 after purchasing an additional 267,408 shares in the last quarter.

Analyst Ratings Changes

PZZA has been the topic of a number of analyst reports. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of Papa John’s International in a research note on Thursday, August 31st. Piper Sandler started coverage on Papa John’s International in a report on Tuesday, June 13th. They set a “neutral” rating and a $77.00 target price on the stock. BTIG Research decreased their target price on Papa John’s International from $100.00 to $95.00 in a report on Friday, August 4th. Benchmark reissued a “buy” rating and set a $95.00 target price on shares of Papa John’s International in a report on Monday, August 7th. Finally, OTR Global raised Papa John’s International to a “positive” rating in a report on Thursday, July 20th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Papa John’s International has an average rating of “Moderate Buy” and a consensus price target of $92.17.

Papa John’s International Price Performance

Shares of NASDAQ PZZA opened at $76.59 on Friday. The stock’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $77.15. Papa John’s International, Inc. has a one year low of $66.74 and a one year high of $97.78. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.36 and a beta of 1.13.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. The company 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, equities analysts anticipate that Papa John’s International, Inc. will post 2.7 earnings per share for the current fiscal year.

Papa John’s International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were issued a dividend of $0.46 per share. This is a positive change from Papa John’s International’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday, August 11th. Papa John’s International’s dividend payout ratio is 88.46%.

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.