Charles Schwab Investment Management Inc. Increases Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Charles Schwab Investment Management Inc. lifted its position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,676 shares of the company’s stock after acquiring an additional 28,883 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.16% of Papa Johns International worth $20,399,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PZZA. Signaturefd LLC lifted its stake in Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after buying an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Papa Johns International in the third quarter valued at $42,000. CWM LLC increased its holdings in Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after purchasing an additional 525 shares during the last quarter. US Bancorp DE increased its position in shares of Papa Johns International by 225.4% in the 3rd quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Papa Johns International during the third quarter worth $156,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on PZZA shares. UBS Group boosted their target price on shares of Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Bank of America lifted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp cut Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. BMO Capital Markets lowered their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Piper Sandler dropped their price objective on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Papa Johns International currently has an average rating of “Hold” and an average price target of $60.82.

Papa Johns International Stock Down 2.8 %

NASDAQ:PZZA opened at $48.75 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.44 and a beta of 1.16. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67. The company’s 50 day moving average is $51.34 and its 200-day moving average is $48.14.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Research analysts predict that Papa Johns International, Inc. will post 2.23 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Monday, November 18th. Papa Johns International’s payout ratio is presently 64.11%.

About Papa Johns International

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.