Papa John’s International, Inc. (NASDAQ:PZZA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,400 shares of the company’s stock after selling 14,437 shares during the period. Bank of New York Mellon Corp owned 1.15% of Papa John’s International worth $15,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in PZZA. CIBC Private Wealth Group LLC purchased a new stake in Papa John’s International in the 4th quarter valued at $30,000. New Age Alpha Advisors LLC purchased a new stake in shares of Papa John’s International in the fourth quarter valued at about $58,000. State of Wyoming acquired a new stake in Papa John’s International during the fourth quarter worth about $87,000. GAMMA Investing LLC raised its stake in Papa John’s International by 506.3% during the first quarter. GAMMA Investing LLC now owns 2,122 shares of the company’s stock worth $87,000 after purchasing an additional 1,772 shares during the period. Finally, Bessemer Group Inc. raised its stake in Papa John’s International by 2,758.7% during the first quarter. Bessemer Group Inc. now owns 2,144 shares of the company’s stock worth $88,000 after purchasing an additional 2,069 shares during the period.

Papa John’s International Stock Up 2.3%

Shares of NASDAQ PZZA opened at $45.06 on Friday. Papa John’s International, Inc. has a 52-week low of $30.16 and a 52-week high of $60.75. The business has a 50-day moving average price of $46.35 and a 200 day moving average price of $42.12. The stock has a market cap of $1.48 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 4.09 and a beta of 1.19.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $518.31 million for the quarter, compared to the consensus estimate of $512.48 million. Papa John’s International had a negative return on equity of 15.72% and a net margin of 3.77%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. Sell-side analysts anticipate that Papa John’s International, Inc. will post 2.19 earnings per share for the current year.

Papa John’s International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 4.08%. Papa John’s International’s payout ratio is currently 78.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group decreased their price target on Papa John’s International from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Loop Capital cut their price objective on Papa John’s International from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Stephens reiterated an “overweight” rating and issued a $50.00 price objective on shares of Papa John’s International in a report on Thursday, June 12th. Stifel Nicolaus cut their price objective on Papa John’s International from $40.00 to $38.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Finally, Benchmark reiterated a “buy” rating and issued a $50.00 price objective on shares of Papa John’s International in a report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.25.

Papa John’s International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.