Charles Schwab Investment Management Inc. Increases Stake in Papa John’s International, Inc. $PZZA

Charles Schwab Investment Management Inc. increased its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 4.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 399,784 shares of the company’s stock after acquiring an additional 15,892 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.22% of Papa John’s International worth $16,423,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC boosted its stake in Papa John’s International by 4.6% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 6,842 shares of the company’s stock worth $281,000 after purchasing an additional 299 shares during the period. CWM LLC boosted its stake in Papa John’s International by 27.2% in the 1st quarter. CWM LLC now owns 1,610 shares of the company’s stock worth $66,000 after purchasing an additional 344 shares during the period. Brevan Howard Capital Management LP boosted its stake in Papa John’s International by 2.5% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,746 shares of the company’s stock worth $647,000 after purchasing an additional 388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Papa John’s International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,906 shares of the company’s stock worth $776,000 after purchasing an additional 658 shares during the period. Finally, Guidance Capital Inc. boosted its position in shares of Papa John’s International by 5.7% during the 1st quarter. Guidance Capital Inc. now owns 12,974 shares of the company’s stock valued at $533,000 after acquiring an additional 694 shares during the last quarter.

Papa John’s International Price Performance

Shares of Papa John’s International stock opened at $46.29 on Friday. The business’s 50 day simple moving average is $46.05 and its two-hundred day simple moving average is $43.02. The stock has a market capitalization of $1.52 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. Papa John’s International, Inc. has a one year low of $30.16 and a one year high of $60.75.

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

Papa John’s International Announces Dividend

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 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 18th. Papa John’s International’s payout ratio is 81.42%.

Analyst Ratings Changes

PZZA has been the subject of a number of research analyst reports. 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 research report on Monday, August 11th. 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 research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. UBS Group restated a “neutral” rating and issued a $42.00 target price (up previously from $38.00) on shares of Papa John’s International in a research report on Monday, August 4th. Finally, Loop Capital dropped their target price on Papa John’s International from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Papa John’s International presently has a consensus rating of “Hold” and an average target price of $52.33.

About Papa John’s International

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.