20,000 Shares in Papa John's Int'l, Inc. (PZZA) Purchased by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership purchased a new position in shares of Papa John's Int'l, Inc. (NASDAQ:PZZA) during the fourth quarter, HoldingsChannel reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $1,122,000.
A number of other hedge funds have also recently bought and sold shares of PZZA. Oppenheimer Asset Management Inc. acquired a new position in Papa John's Int'l during the 3rd quarter worth approximately $152,000. Stephens Inc. AR raised its stake in Papa John's Int'l by 13,810.3% during the 3rd quarter. Stephens Inc. AR now owns 4,034 shares of the company’s stock worth $295,000 after buying an additional 4,005 shares during the period. Yorktown Management & Research Co Inc acquired a new position in Papa John's Int'l during the 3rd quarter worth approximately $296,000. ARGI Investment Services LLC acquired a new position in Papa John's Int'l during the 3rd quarter worth approximately $335,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Papa John's Int'l during the 3rd quarter worth approximately $354,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. BidaskClub raised Papa John's Int'l from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised Papa John's Int'l from a “strong sell” rating to a “hold” rating in a research note on Friday, January 5th. Deutsche Bank assumed coverage on Papa John's Int'l in a research note on Monday, December 18th. They set a “hold” rating and a $63.00 price target on the stock. Finally, Nomura reaffirmed a “hold” rating and set a $58.00 price target on shares of Papa John's Int'l in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Papa John's Int'l currently has a consensus rating of “Hold” and a consensus price target of $76.60.
Papa John's Int'l (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). The company had revenue of $467.60 million during the quarter, compared to analysts’ expectations of $463.61 million. Papa John's Int'l had a negative return on equity of 366.49% and a net margin of 5.79%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. equities research analysts predict that Papa John's Int'l, Inc. will post 2.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, February 9th. Papa John's Int'l’s dividend payout ratio (DPR) is presently 31.80%.
In other news, Director Mark S. Shapiro sold 8,232 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $60.78, for a total value of $500,340.96. Following the completion of the sale, the director now directly owns 25,070 shares of the company’s stock, valued at $1,523,754.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Caroline Miller Oyler sold 1,766 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $61.00, for a total value of $107,726.00. Following the completion of the transaction, the senior vice president now directly owns 16,762 shares of the company’s stock, valued at $1,022,482. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,781 shares of company stock valued at $2,793,713. Company insiders own 27.70% of the company’s stock.
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Papa John's Int'l 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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