Investors Purchase Large Volume of Call Options on Papa John's Int'l (NASDAQ:PZZA)

Papa John's Int'l, Inc. (NASDAQ:PZZA) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 12,885 call options on the stock. This represents an increase of 1,939% compared to the average daily volume of 632 call options.

Shares of Papa John's Int'l (PZZA) traded up $1.00 during midday trading on Friday, reaching $57.11. 1,275,516 shares of the company were exchanged, compared to its average volume of 1,231,464. Papa John's Int'l has a 52 week low of $55.05 and a 52 week high of $86.99. The stock has a market cap of $2,001.25, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.52 and a beta of 0.53. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be issued a $0.225 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.90 dividend on an annualized basis and a yield of 1.58%. Papa John's Int'l’s payout ratio is currently 31.03%.

Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Papa John's Int'l from a “sell” rating to a “strong sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Papa John's Int'l from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 target price on shares of Papa John's Int'l in a report on Friday, November 3rd. TheStreet lowered shares of Papa John's Int'l from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Finally, Jefferies Group reiterated a “hold” rating and set a $65.00 target price on shares of Papa John's Int'l in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.60.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC raised its holdings in Papa John's Int'l by 76.9% in the 2nd quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock worth $132,000 after acquiring an additional 800 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Papa John's Int'l in the 3rd quarter worth approximately $152,000. Victory Capital Management Inc. raised its holdings in Papa John's Int'l by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock worth $185,000 after acquiring an additional 386 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Papa John's Int'l by 87.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock worth $215,000 after acquiring an additional 1,396 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new stake in Papa John's Int'l in the 3rd quarter worth approximately $219,000. Institutional investors own 83.99% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2018/02/11/investors-purchase-large-volume-of-call-options-on-papa-johns-intl-pzza.html.

About Papa John's Int'l

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.

Receive News & Ratings for Papa John's Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's Int'l and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply