JPMorgan Chase & Co. raised its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,411,257 shares of the company’s stock after buying an additional 110,440 shares during the period. JPMorgan Chase & Co. owned about 3.88% of Papa John’s International worth $101,272,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Profund Advisors LLC boosted its stake in shares of Papa John’s International by 0.6% during the 1st quarter. Profund Advisors LLC now owns 4,278 shares of the company’s stock valued at $342,000 after buying an additional 25 shares during the period. Charter Trust Co. boosted its stake in shares of Papa John’s International by 1.5% during the 2nd quarter. Charter Trust Co. now owns 3,466 shares of the company’s stock valued at $249,000 after buying an additional 50 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Papa John’s International by 0.9% during the 1st quarter. State Treasurer State of Michigan now owns 10,800 shares of the company’s stock valued at $864,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Papa John’s International by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,320 shares of the company’s stock valued at $746,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Papa John’s International by 1.5% during the 1st 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 during the period. 83.77% of the stock is owned by institutional investors.

PZZA has been the subject of a number of research reports. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a research note on Tuesday, August 29th. Zacks Investment Research raised shares of Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 18th. Longbow Research reissued a “buy” rating and set a $95.00 target price on shares of Papa John’s International in a research note on Monday, May 22nd. KeyCorp reissued an “equal weight” rating on shares of Papa John’s International in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $83.00 target price on shares of Papa John’s International in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.83.

Papa John’s International, Inc. (PZZA) opened at 72.54 on Friday. Papa John’s International, Inc. has a 12-month low of $70.73 and a 12-month high of $90.49. The company has a market cap of $2.64 billion, a P/E ratio of 25.27 and a beta of 0.51. The stock’s 50 day moving average is $76.07 and its 200-day moving average is $77.61.

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

Papa John’s International declared that its Board of Directors has approved a stock buyback program on Tuesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 198% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a dividend of $0.225 per share. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.90 annualized dividend and a yield of 1.24%. Papa John’s International’s dividend payout ratio is presently 31.36%.

COPYRIGHT VIOLATION NOTICE: “JPMorgan Chase & Co. Raises Holdings in Papa John’s International, Inc. (PZZA)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/09/jpmorgan-chase-co-raises-holdings-in-papa-johns-international-inc-pzza.html.

In related news, SVP Timothy C. Ohern sold 9,218 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $75.08, for a total transaction of $692,087.44. Following the completion of the transaction, the senior vice president now owns 35,650 shares in the company, valued at $2,676,602. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.70% of the company’s stock.

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.

Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa John’s International, Inc. (NASDAQ:PZZA).

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

Receive News & Stock Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related stocks with our FREE daily email newsletter.