Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 26,090 shares of the company’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $78.10, for a total value of $2,037,629.00. Following the sale, the chief executive officer now owns 9,649,435 shares of the company’s stock, valued at approximately $753,620,873.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Papa John’s International Inc. (NASDAQ:PZZA) opened at 76.98 on Tuesday. The company has a 50 day moving average price of $77.49 and a 200 day moving average price of $68.54. The firm has a market capitalization of $2.85 billion, a P/E ratio of 32.66 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 released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The business earned $423 million during the quarter, compared to analysts’ expectations of $414.45 million. Papa John’s International had a net margin of 5.52% and a return on equity of 454.11%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, equities analysts forecast 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)

PZZA has been the topic of a number of recent analyst reports. BTIG Research set a $78.00 price target on Papa John’s International and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Papa John’s International in a research report on Thursday, August 4th. Nomura downgraded Papa John’s International from a “buy” rating to a “neutral” rating and upped their price target for the stock from $66.47 to $70.00 in a research report on Wednesday, June 22nd. KeyCorp raised 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 report on Wednesday, July 20th. Finally, TheStreet raised Papa John’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Three research 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 a consensus target price of $72.00.

Large investors have recently added to or reduced their stakes in the company. Societe Generale purchased a new stake in Papa John’s International during the second quarter valued at about $107,000. SG Americas Securities LLC purchased a new stake in Papa John’s International during the second quarter valued at about $107,000. Tower Research Capital LLC TRC purchased a new stake in Papa John’s International during the second quarter valued at about $134,000. Advisor Group Inc. purchased a new stake in Papa John’s International during the second quarter valued at about $137,000. Finally, Victory Capital Management Inc. boosted its stake 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 valued at $140,000 after buying an additional 631 shares during the period. 75.20% of the stock is owned by institutional investors and hedge funds.

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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