Atlas Brown Inc. maintained its stake in Papa John’s International Inc. (NASDAQ:PZZA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,259 shares of the company’s stock at the end of the second quarter. Papa John’s International makes up approximately 5.4% of Atlas Brown Inc.’s holdings, making the stock its 2nd largest position. Atlas Brown Inc. owned 0.52% of Papa John’s International worth $13,278,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PZZA. Magnetar Financial LLC bought a new stake in Papa John’s International during the first quarter worth approximately $214,000. Bank of Montreal Can bought a new stake in Papa John’s International during the second quarter worth approximately $221,000. Huntington Asset Advisors Inc. bought a new stake in Papa John’s International during the first quarter worth approximately $257,000. Independent Portfolio Consultants Inc. increased its stake in Papa John’s International by 46.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,840 shares of the company’s stock worth $261,000 after buying an additional 1,225 shares during the period. Finally, CIBC World Markets Inc. bought a new stake in Papa John’s International during the second quarter worth approximately $325,000. Institutional investors own 75.19% of the company’s stock.

Institutional Ownership by Quarter for Papa John`s International (NASDAQ:PZZA)

Papa John’s International Inc. (NASDAQ:PZZA) traded up 0.40% on Friday, hitting $77.97. 276,569 shares of the stock traded hands. Papa John’s International Inc. has a 12-month low of $44.47 and a 12-month high of $82.55. The stock has a market capitalization of $2.88 billion, a P/E ratio of 33.08 and a beta of 0.23. The company’s 50 day moving average price is $77.34 and its 200-day moving average price is $68.03.

Papa John’s International (NASDAQ:PZZA) last posted 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. Papa John’s International had a net margin of 5.52% and a return on equity of 454.11%. The business had revenue of $423 million for the quarter, compared to analyst estimates of $414.45 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that Papa John’s International Inc. will post $2.45 EPS for the current year.

Several brokerages have recently issued reports on PZZA. BTIG Research reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Papa John’s International in a research note 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 cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Finally, Nomura cut shares of Papa John’s International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $66.47 to $70.00 in a research note on Wednesday, June 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $72.00.

In other news, CEO John H. Schnatter sold 4,736 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $76.00, for a total value of $359,936.00. Following the sale, the chief executive officer now owns 9,862,193 shares of the company’s stock, valued at approximately $749,526,668. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John H. Schnatter sold 23,852 shares of the company’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $78.08, for a total transaction of $1,862,364.16. Following the completion of the sale, the chief executive officer now directly owns 9,679,887 shares in the company, valued at approximately $755,805,576.96. The disclosure for this sale can be found here. 28.80% of the stock is currently owned by insiders.

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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