Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 22,306 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $78.10, for a total transaction of $1,742,098.60. Following the completion of the sale, the chief executive officer now directly owns 9,679,887 shares of the company’s stock, valued at $755,999,174.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Papa John’s International Inc. (NASDAQ:PZZA) traded up 0.46% on Wednesday, reaching $78.11. 263,550 shares of the company’s stock traded hands. The company has a 50 day moving average price of $77.29 and a 200 day moving average price of $67.96. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 33.14 and a beta of 0.23. Papa John’s International Inc. has a 52 week low of $44.47 and a 52 week high of $82.55.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Societe Generale bought a new position in shares of Papa John’s International during the second quarter valued at $107,000. SG Americas Securities LLC acquired a new position in Papa John’s International during the second quarter worth about $107,000. Tower Research Capital LLC TRC acquired a new position in Papa John’s International during the second quarter worth about $134,000. Advisor Group Inc. acquired a new position in Papa John’s International during the second quarter worth about $137,000. Finally, Victory Capital Management Inc. increased its position in Papa John’s International by 44.3% in the second quarter. Victory Capital Management Inc. now owns 2,055 shares of the company’s stock worth $140,000 after buying an additional 631 shares during the last quarter. 75.19% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $87.00 price target on shares of Papa John’s International in a research note on Wednesday. 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. TheStreet upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Jefferies Group reiterated a “hold” rating on shares of Papa John’s International in a research note on Thursday, August 4th. Finally, KeyCorp upgraded shares of Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a research note on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Papa John’s International has a consensus rating of “Buy” and a consensus price target of $72.00.

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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