American Century Companies Inc. lowered its position in Papa John’s International Inc. (NASDAQ:PZZA) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 940,959 shares of the company’s stock after selling 134,903 shares during the period. American Century Companies Inc. owned about 2.54% of Papa John’s International worth $63,985,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Societe Generale purchased a new stake in Papa John’s International during the second quarter worth approximately $107,000. SG Americas Securities LLC purchased a new stake in Papa John’s International during the second quarter worth approximately $107,000. Tower Research Capital LLC TRC purchased a new stake in Papa John’s International during the second quarter worth approximately $134,000. Advisor Group Inc. purchased a new stake in Papa John’s International during the second quarter worth approximately $137,000. Finally, Victory Capital Management Inc. increased 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 worth $140,000 after buying an additional 631 shares during the last quarter. Institutional investors own 75.37% 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 3.65% during trading on Friday, reaching $84.24. The company had a trading volume of 694,552 shares. The stock has a market cap of $3.11 billion, a PE ratio of 33.93 and a beta of 0.16. Papa John’s International Inc. has a 52-week low of $42.87 and a 52-week high of $84.73. The company has a 50-day moving average price of $78.58 and a 200 day moving average price of $71.36.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, November 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. Papa John’s International had a return on equity of 4,984.46% and a net margin of 5.62%. The firm had revenue of $422.40 million for the quarter, compared to analysts’ expectations of $418.10 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Papa John’s International Inc. will post $2.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 3rd. Papa John’s International’s payout ratio is currently 32.13%.

A number of equities analysts have recently weighed in on PZZA shares. Jefferies Group reissued a “hold” rating on shares of Papa John’s International in a report on Thursday, August 4th. KeyCorp raised Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Wednesday, July 20th. TheStreet raised Papa John’s International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. BTIG Research set a $78.00 price target on Papa John’s International and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $72.00.

In other news, CEO John H. Schnatter sold 73,686 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $80.37, for a total transaction of $5,922,143.82. Following the completion of the sale, the chief executive officer now directly owns 9,889,032 shares of the company’s stock, valued at approximately $794,781,501.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John H. Schnatter sold 11,483 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $76.05, for a total value of $873,282.15. Following the sale, the chief executive officer now directly owns 9,974,617 shares of the company’s stock, valued at $758,569,622.85. The disclosure for this sale can be found here. Company insiders own 28.80% 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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