ARGI Investment Services LLC bought a new stake in Papa John’s International, Inc. (NASDAQ:PZZA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,584 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds also recently bought and sold shares of PZZA. Flinton Capital Management LLC lifted its holdings in Papa John’s International by 76.9% during the second quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock worth $132,000 after acquiring an additional 800 shares during the period. Victory Capital Management Inc. lifted its holdings in Papa John’s International by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock worth $185,000 after acquiring an additional 386 shares during the period. Trexquant Investment LP bought a new stake in Papa John’s International during the second quarter worth $201,000. Riverhead Capital Management LLC increased its position in Papa John’s International by 87.3% in the second quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock worth $215,000 after buying an additional 1,396 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in Papa John’s International by 11.5% in the second quarter. LS Investment Advisors LLC now owns 3,047 shares of the company’s stock worth $219,000 after buying an additional 315 shares during the last quarter. Institutional investors own 84.23% of the company’s stock.

In related news, Director Wayne Kent Taylor bought 8,860 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $57.53 per share, with a total value of $509,715.80. Following the purchase, the director now owns 30,822 shares in the company, valued at approximately $1,773,189.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.70% of the company’s stock.

A number of analysts have issued reports on PZZA shares. Zacks Investment Research raised 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 report on Friday, August 18th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Papa John’s International in a research report on Tuesday, August 29th. Citigroup initiated coverage on Papa John’s International in a research report on Monday, September 18th. They issued a “buy” rating and a $90.00 target price for the company. Stifel Nicolaus initiated coverage on Papa John’s International in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price target for the company. Finally, Stephens reduced their price target on Papa John’s International from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Papa John’s International has an average rating of “Hold” and an average price target of $79.56.

Shares of Papa John’s International, Inc. (NASDAQ PZZA) opened at $60.32 on Tuesday. The company has a debt-to-equity ratio of -8.26, a quick ratio of 1.01 and a current ratio of 1.21. Papa John’s International, Inc. has a 52 week low of $55.05 and a 52 week high of $90.49. The stock has a market capitalization of $2,101.12, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.67 and a beta of 0.40.

Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Papa John’s International had a return on equity of 4,321.08% and a net margin of 6.12%. The firm had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. During the same period last year, the firm earned $0.57 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. sell-side analysts forecast that Papa John’s International, Inc. will post 2.76 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Monday, November 6th. Papa John’s International’s dividend payout ratio (DPR) is currently 31.03%.

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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.

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

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