Nuveen LLC Purchases New Holdings in Papa John’s International, Inc. $PZZA

Nuveen LLC purchased a new stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 93,694 shares of the company’s stock, valued at approximately $3,849,000. Nuveen LLC owned 0.29% of Papa John’s International at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Papa John’s International by 117.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company’s stock valued at $2,040,000 after acquiring an additional 26,505 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Papa John’s International by 4.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 399,784 shares of the company’s stock worth $16,423,000 after buying an additional 15,892 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Papa John’s International in the first quarter worth about $230,000. Templeton & Phillips Capital Management LLC grew its stake in shares of Papa John’s International by 119.6% in the first quarter. Templeton & Phillips Capital Management LLC now owns 92,276 shares of the company’s stock worth $3,791,000 after acquiring an additional 50,260 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Papa John’s International by 12.2% in the first quarter. Envestnet Asset Management Inc. now owns 166,128 shares of the company’s stock worth $6,825,000 after acquiring an additional 18,099 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Papa John’s International from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Papa John’s International from $40.00 to $46.00 and gave the company a “hold” rating in a report on Monday, August 11th. UBS Group reiterated a “neutral” rating and issued a $42.00 price target (up from $38.00) on shares of Papa John’s International in a report on Monday, August 4th. Benchmark reaffirmed 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 note on Monday, August 11th. Finally, Stephens reaffirmed 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 note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.33.

Papa John’s International Price Performance

Shares of Papa John’s International stock opened at $48.56 on Thursday. Papa John’s International, Inc. has a 1 year low of $30.16 and a 1 year high of $60.75. The firm’s 50-day moving average is $46.00 and its two-hundred day moving average is $43.22. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.70 and a beta of 1.13.

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

Papa John’s International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 18th. Papa John’s International’s dividend payout ratio (DPR) is presently 81.42%.

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.