Dimensional Fund Advisors LP increased its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 925,918 shares of the company’s stock after buying an additional 32,716 shares during the period. Dimensional Fund Advisors LP owned 2.54% of Papa John’s International worth $66,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Papa John’s International by 12.4% during the second quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock worth $248,607,000 after buying an additional 383,459 shares during the last quarter. Vanguard Group Inc. increased its holdings in Papa John’s International by 7.3% during the first quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock worth $190,402,000 after buying an additional 160,913 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Papa John’s International by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 1,411,257 shares of the company’s stock worth $101,272,000 after buying an additional 110,440 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in Papa John’s International by 9.7% during the second quarter. TimesSquare Capital Management LLC now owns 1,055,200 shares of the company’s stock worth $75,721,000 after buying an additional 93,540 shares during the last quarter. Finally, State Street Corp increased its holdings in Papa John’s International by 2.7% during the first quarter. State Street Corp now owns 844,541 shares of the company’s stock worth $67,598,000 after buying an additional 22,014 shares during the last quarter. Institutional investors and hedge funds own 83.77% of the company’s stock.

Papa John’s International, Inc. (NASDAQ:PZZA) opened at 70.87 on Friday. The firm has a 50 day moving average of $73.00 and a 200 day moving average of $76.76. The firm has a market capitalization of $2.58 billion, a P/E ratio of 24.68 and a beta of 0.50. Papa John’s International, Inc. has a 12-month low of $68.68 and a 12-month high of $90.49.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. The company had revenue of $434.78 million during the quarter, compared to analyst estimates of $438.51 million. During the same quarter last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts forecast that Papa John’s International, Inc. will post $2.85 EPS for the current fiscal year.

Papa John’s International announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 198% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

PZZA has been the topic of a number of recent analyst reports. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a report on Tuesday, August 29th. Jefferies Group LLC restated a “hold” rating and set a $83.00 target price on shares of Papa John’s International in a report on Friday, July 14th. Citigroup Inc. initiated coverage on shares of Papa John’s International in a report on Monday, September 18th. They set a “buy” rating and a $90.00 target price on the stock. Zacks Investment Research upgraded shares of Papa John’s International from a “strong sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, KeyCorp restated an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Papa John’s International has a consensus rating of “Hold” and an average price target of $84.75.

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In related news, SVP Timothy C. Ohern sold 9,218 shares of Papa John’s International stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the completion of the sale, the senior vice president now owns 35,650 shares of the company’s stock, valued at approximately $2,676,602. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 27.70% of the company’s stock.

Papa John’s International Profile

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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