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%.
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.
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.
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