Texas Yale Capital Corp. continued to hold its position in Papa John’s International, Inc. (NASDAQ:PZZA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,322 shares of the company’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in Papa John’s International were worth $310,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Papa John’s International by 55.2% in the fourth quarter. Teachers Advisors LLC now owns 79,152 shares of the company’s stock valued at $6,774,000 after buying an additional 28,155 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Papa John’s International during the fourth quarter valued at about $270,000. Capstone Asset Management Co. raised its position in Papa John’s International by 3.6% in the first quarter. Capstone Asset Management Co. now owns 4,286 shares of the company’s stock valued at $343,000 after buying an additional 150 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Papa John’s International by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,700 shares of the company’s stock valued at $536,000 after buying an additional 100 shares in the last quarter. Finally, Navellier & Associates Inc raised its position in Papa John’s International by 9.1% in the first quarter. Navellier & Associates Inc now owns 3,290 shares of the company’s stock valued at $263,000 after buying an additional 275 shares in the last quarter. 80.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Papa John’s International, Inc. (NASDAQ:PZZA) opened at 80.24 on Wednesday. Papa John’s International, Inc. has a one year low of $70.73 and a one year high of $90.49. The stock’s 50 day moving average is $75.81 and its 200-day moving average is $78.34. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 27.95 and a beta of 0.51.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $434.78 million for the quarter, compared to analysts’ expectations of $438.51 million. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts predict that Papa John’s International, Inc. will post $2.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, August 3rd. Papa John’s International’s dividend payout ratio is 31.36%.

Papa John’s International announced that its Board of Directors has authorized a share buyback program on Tuesday, August 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 198% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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PZZA has been the topic of several analyst reports. Zacks Investment Research lowered shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Instinet lifted their price target on shares of Papa John’s International from $76.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 3rd. Longbow Research reaffirmed a “buy” rating and issued a $95.00 price target on shares of Papa John’s International in a report on Monday, May 22nd. KeyCorp reaffirmed an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. Finally, Stephens reaffirmed an “overweight” rating and issued a $90.00 price target (down from $100.00) on shares of Papa John’s International in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $87.67.

In other Papa John’s International news, insider Steve M. Ritchie sold 10,396 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $80.00, for a total transaction of $831,680.00. Following the sale, the insider now directly owns 37,601 shares of the company’s stock, valued at $3,008,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $81.79, for a total transaction of $490,740.00. Following the sale, the senior vice president now directly owns 36,020 shares in the company, valued at $2,946,075.80. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by corporate insiders.

About Papa John’s International

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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

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