UBS Asset Management Americas Inc. reduced its holdings in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,098 shares of the company’s stock after selling 764 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Papa John’s International were worth $1,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Papa John’s International by 12.4% during the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock worth $248,607,000 after acquiring an additional 383,459 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Papa John’s International by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock worth $190,402,000 after acquiring an additional 160,913 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Papa John’s International by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,411,257 shares of the company’s stock worth $101,272,000 after acquiring an additional 110,440 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Papa John’s International by 9.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,055,200 shares of the company’s stock worth $75,721,000 after acquiring an additional 93,540 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Papa John’s International by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 893,202 shares of the company’s stock worth $71,491,000 after acquiring an additional 43,813 shares in the last quarter. 83.77% of the stock is owned by institutional investors.

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In related news, SVP Timothy C. Ohern sold 9,218 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total transaction of $692,087.44. Following the completion of the sale, 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 available at this link. Corporate insiders own 27.70% of the company’s stock.

Papa John’s International, Inc. (NASDAQ:PZZA) opened at 69.50 on Monday. Papa John’s International, Inc. has a 1-year low of $68.68 and a 1-year high of $90.49. The company has a market capitalization of $2.53 billion, a PE ratio of 24.21 and a beta of 0.50. The company has a 50 day moving average of $71.95 and a 200 day moving average of $76.36.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $434.78 million during the quarter, compared to the consensus estimate of $438.51 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. Papa John’s International’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Papa John’s International, Inc. will post $2.85 earnings per share for the current fiscal year.

Papa John’s International declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 198% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stephens raised their target price on shares of Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus assumed coverage on shares of Papa John’s International in a research note on Monday, October 2nd. They issued a “hold” rating and a $65.00 target price for the company. Finally, Instinet reissued a “neutral” rating and issued a $78.00 target price (down from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.75.

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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