Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 6,200 shares of the company’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $78.05, for a total transaction of $483,910.00. Following the completion of the sale, the chief executive officer now directly owns 9,679,887 shares of the company’s stock, valued at $755,515,180.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Papa John’s International Inc. (NASDAQ:PZZA) traded up 0.46% during trading on Wednesday, hitting $78.11. The stock had a trading volume of 263,550 shares. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 33.14 and a beta of 0.23. The firm has a 50 day moving average of $77.29 and a 200 day moving average of $67.96. Papa John’s International Inc. has a 1-year low of $44.47 and a 1-year high of $82.55.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. Papa John’s International had a return on equity of 454.11% and a net margin of 5.52%. The company earned $423 million during the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts expect that Papa John’s International Inc. will post $2.45 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Papa John`s International (NASDAQ:PZZA)

A number of equities research analysts have weighed in on PZZA shares. BTIG Research reissued a “buy” rating and issued a $87.00 price target on shares of Papa John’s International in a report on Wednesday. TheStreet raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Jefferies Group reaffirmed a “hold” rating on shares of Papa John’s International in a research note on Thursday, August 4th. Zacks Investment Research lowered shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Finally, Nomura lowered shares of Papa John’s International from a “buy” rating to a “neutral” rating and upped their price objective for the company from $66.47 to $70.00 in a research note on Wednesday, June 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.00.

Several hedge funds have recently made changes to their positions in the stock. Algert Global LLC acquired a new stake in shares of Papa John’s International during the third quarter worth $1,889,000. Eqis Capital Management Inc. raised its stake in shares of Papa John’s International by 26.8% in the third quarter. Eqis Capital Management Inc. now owns 8,735 shares of the company’s stock worth $689,000 after buying an additional 1,847 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Papa John’s International during the second quarter worth approximately $366,000. Royal Bank of Canada raised its stake in shares of Papa John’s International by 35.4% in the second quarter. Royal Bank of Canada now owns 342,902 shares of the company’s stock worth $23,317,000 after buying an additional 89,590 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Papa John’s International by 3.6% in the second quarter. IFP Advisors Inc now owns 2,644 shares of the company’s stock worth $180,000 after buying an additional 91 shares during the last quarter. Institutional investors own 75.19% of the company’s stock.

About Papa John’s International

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

5 Day Chart for NASDAQ:PZZA

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