PNC Financial Services Group Inc. Has $268,000 Stock Position in Papa John’s International, Inc. (NASDAQ:PZZA)

PNC Financial Services Group Inc. lowered its stake in Papa John’s International, Inc. (NASDAQ:PZZA) by 37.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,526 shares of the company’s stock after selling 3,853 shares during the period. PNC Financial Services Group Inc.’s holdings in Papa John’s International were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PZZA. Point72 Asset Management L.P. acquired a new stake in Papa John’s International in the fourth quarter valued at approximately $17,328,000. Boothbay Fund Management LLC lifted its holdings in shares of Papa John’s International by 124.8% during the fourth quarter. Boothbay Fund Management LLC now owns 540,694 shares of the company’s stock worth $22,206,000 after purchasing an additional 300,138 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of Papa John’s International by 34.7% during the first quarter. Segall Bryant & Hamill LLC now owns 776,169 shares of the company’s stock worth $31,885,000 after purchasing an additional 199,840 shares during the period. Long Focus Capital Management LLC acquired a new position in shares of Papa John’s International during the fourth quarter worth $7,393,000. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Papa John’s International by 14.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,358,945 shares of the company’s stock worth $55,812,000 after purchasing an additional 173,316 shares during the period.

Papa John’s International Stock Down 0.1%

Shares of NASDAQ PZZA opened at $47.57 on Friday. Papa John’s International, Inc. has a twelve month low of $30.16 and a twelve month high of $60.75. The firm has a fifty day simple moving average of $46.53 and a 200 day simple moving average of $42.83. The company has a market capitalization of $1.56 billion, a PE ratio of 21.05, a P/E/G ratio of 2.64 and a beta of 1.13.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Papa John’s International had a net margin of 3.58% and a negative return on equity of 14.42%. The firm had revenue of $529.17 million during the quarter, compared to the consensus estimate of $515.48 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that Papa John’s International, Inc. will post 2.19 earnings per share for the current fiscal year.

Papa John’s International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, August 18th. Papa John’s International’s payout ratio is 81.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PZZA. UBS Group reiterated a “neutral” rating and set a $42.00 price target (up previously from $38.00) on shares of Papa John’s International in a report on Monday, August 4th. Loop Capital cut their price target on shares of 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 set a $52.00 price target (up previously from $50.00) on shares of Papa John’s International in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Finally, Benchmark reiterated a “buy” rating and set a $60.00 price target (up previously from $50.00) on shares of Papa John’s International in a report on Monday, August 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.33.

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.