Papa John’s International, Inc. (NASDAQ:PZZA) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of Papa John’s International, Inc. (NASDAQ:PZZAFree Report) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,021 shares of the company’s stock after selling 1,461 shares during the period. PNC Financial Services Group Inc.’s holdings in Papa John’s International were worth $306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Papa John’s International by 45.3% in the 3rd quarter. Barclays PLC now owns 44,548 shares of the company’s stock valued at $3,038,000 after acquiring an additional 13,881 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Papa John’s International in the 3rd quarter valued at approximately $72,000. Janney Montgomery Scott LLC lifted its position in shares of Papa John’s International by 8.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,058 shares of the company’s stock valued at $345,000 after acquiring an additional 400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Papa John’s International by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 309,863 shares of the company’s stock valued at $21,139,000 after acquiring an additional 24,352 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of Papa John’s International by 4.7% in the 3rd quarter. Texas Permanent School Fund Corp now owns 27,316 shares of the company’s stock valued at $1,863,000 after acquiring an additional 1,221 shares in the last quarter.

Papa John’s International Stock Down 2.5 %

Shares of PZZA opened at $46.75 on Thursday. The company’s fifty day moving average is $57.78 and its 200-day moving average is $66.99. Papa John’s International, Inc. has a 12 month low of $46.20 and a 12 month high of $86.38. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.72 and a beta of 1.11.

Papa John’s International (NASDAQ:PZZAGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. Papa John’s International had a net margin of 3.50% and a negative return on equity of 19.46%. The company had revenue of $513.90 million for the quarter, compared to analyst estimates of $544.46 million. During the same quarter in the prior year, the business posted $0.68 EPS. Papa John’s International’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that Papa John’s International, Inc. will post 2.43 earnings per share for the current fiscal year.

Papa John’s International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, May 17th. Papa John’s International’s dividend payout ratio is currently 81.78%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PZZA. KeyCorp reduced their price target on shares of Papa John’s International from $78.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Wedbush dropped their price objective on shares of Papa John’s International from $76.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Loop Capital dropped their price objective on shares of Papa John’s International from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Benchmark dropped their price objective on shares of Papa John’s International from $87.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, BMO Capital Markets dropped their price objective on shares of Papa John’s International from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, May 10th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.36.

Get Our Latest Stock Analysis on PZZA

Insider Buying and Selling

In other news, CEO Ravi Thanawala acquired 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $52.41 per share, with a total value of $99,579.00. Following the acquisition, the chief executive officer now owns 38,920 shares in the company, valued at $2,039,797.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.80% of the stock is owned by insiders.

Papa John’s International Profile

(Free Report)

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

See Also

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Institutional Ownership by Quarter for Papa John's International (NASDAQ:PZZA)

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