Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 23,852 shares of the stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $78.08, for a total value of $1,862,364.16. Following the transaction, the chief executive officer now directly owns 9,679,887 shares of the company’s stock, valued at $755,805,576.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Papa John’s International Inc. (NASDAQ:PZZA) opened at 78.11 on Thursday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 33.14 and a beta of 0.23. The stock has a 50 day moving average price of $77.29 and a 200 day moving average price of $67.96. Papa John’s International Inc. has a one year low of $44.47 and a one year high of $82.55.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results 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 business had revenue of $423 million for the quarter, compared to analysts’ expectations of $414.45 million. Papa John’s International had a return on equity of 454.11% and a net margin of 5.52%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. Equities analysts forecast that Papa John’s International Inc. will post $2.45 earnings per share for the current year.

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

A number of equities analysts recently commented on PZZA shares. Zacks Investment Research lowered Papa John’s International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. BTIG Research set a $78.00 price objective on Papa John’s International and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Nomura downgraded 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 report on Wednesday, June 22nd. TheStreet upgraded Papa John’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Finally, KeyCorp upgraded Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $72.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC boosted its position in shares of Papa John’s International by 1.3% in the second quarter. Segall Bryant & Hamill LLC now owns 6,360 shares of the company’s stock valued at $432,000 after buying an additional 81 shares in the last quarter. IFP Advisors Inc boosted its position 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 valued at $180,000 after buying an additional 91 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Papa John’s International by 0.7% in the second quarter. Arizona State Retirement System now owns 14,350 shares of the company’s stock valued at $976,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. boosted its position in shares of Papa John’s International by 3.0% in the second quarter. PineBridge Investments L.P. now owns 3,495 shares of the company’s stock valued at $238,000 after buying an additional 102 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its position in shares of Papa John’s International by 0.6% in the second quarter. Teachers Advisors Inc. now owns 42,305 shares of the company’s stock valued at $2,877,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 75.19% of the company’s stock.

Papa John’s International Company Profile

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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