Quantbot Technologies LP Trims Stake in Papa John’s International, Inc. (NASDAQ:PZZA)

Quantbot Technologies LP cut its holdings in Papa John’s International, Inc. (NASDAQ:PZZA) by 31.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,455 shares of the company’s stock after selling 7,076 shares during the quarter. Quantbot Technologies LP’s holdings in Papa John’s International were worth $1,129,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PZZA. BlackRock Inc. boosted its holdings in shares of Papa John’s International by 12.4% in the second quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after acquiring an additional 383,459 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Papa John’s International by 275.1% during the second quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock worth $30,147,000 after buying an additional 308,110 shares in the last quarter. Koch Industries Inc. boosted its holdings in Papa John’s International by 6,732.0% during the second quarter. Koch Industries Inc. now owns 297,807 shares of the company’s stock worth $294,000 after buying an additional 293,448 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in Papa John’s International by 391.8% during the second quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock worth $17,607,000 after buying an additional 194,804 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Papa John’s International by 25.0% during the third quarter. American Century Companies Inc. now owns 765,305 shares of the company’s stock worth $55,921,000 after buying an additional 152,845 shares in the last quarter. Institutional investors own 84.23% of the company’s stock.

A number of equities analysts have issued reports on PZZA shares. Zacks Investment Research upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, August 18th. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a research report on Tuesday, August 29th. Citigroup initiated coverage on shares of Papa John’s International in a research report on Monday, September 18th. They issued a “buy” rating and a $90.00 price objective for the company. Stifel Nicolaus began coverage on shares of Papa John’s International in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price objective for the company. Finally, Stephens dropped their price target on shares of Papa John’s International from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $79.56.

Papa John’s International, Inc. (PZZA) traded down $3.29 during midday trading on Wednesday, reaching $57.27. 1,103,197 shares of the company’s stock were exchanged, compared to its average volume of 621,720. The company has a market cap of $2,120.00, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 1.68 and a beta of 0.40. Papa John’s International, Inc. has a 12-month low of $55.05 and a 12-month high of $90.49. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Papa John’s International had a return on equity of 4,321.08% and a net margin of 6.12%. The business had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. During the same period last year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. research analysts predict that Papa John’s International, Inc. will post 2.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Tuesday, November 7th were issued a $0.225 dividend. The ex-dividend date was Monday, November 6th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.57%. Papa John’s International’s dividend payout ratio (DPR) is presently 30.93%.

In other news, Director Wayne Kent Taylor acquired 8,860 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $57.53 per share, with a total value of $509,715.80. Following the acquisition, the director now directly owns 30,822 shares in the company, valued at $1,773,189.66. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.70% of the stock is owned by company insiders.

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About Papa John’s International

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

Institutional Ownership by Quarter for Papa John`s International (NASDAQ:PZZA)

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