Teachers Retirement System of The State of Kentucky Has $1.16 Million Holdings in Papa John's Int'l, Inc. (PZZA)
Teachers Retirement System of The State of Kentucky raised its position in shares of Papa John's Int'l, Inc. (NASDAQ:PZZA) by 42.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,695 shares of the company’s stock after buying an additional 6,188 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of Papa John's Int'l worth $1,161,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of PZZA. Oppenheimer Asset Management Inc. purchased a new stake in Papa John's Int'l during the third quarter valued at about $152,000. Stone Ridge Asset Management LLC acquired a new position in shares of Papa John's Int'l in the 4th quarter valued at about $247,000. Stephens Inc. AR increased its holdings in shares of Papa John's Int'l by 13,810.3% in the 3rd quarter. Stephens Inc. AR now owns 4,034 shares of the company’s stock valued at $295,000 after purchasing an additional 4,005 shares during the period. Yorktown Management & Research Co Inc acquired a new position in shares of Papa John's Int'l in the 3rd quarter valued at about $296,000. Finally, MANA Advisors LLC acquired a new position in shares of Papa John's Int'l in the 4th quarter valued at about $333,000. 87.03% of the stock is owned by institutional investors.
In related news, SVP Caroline Miller Oyler sold 1,766 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $61.00, for a total value of $107,726.00. Following the transaction, the senior vice president now owns 16,762 shares in the company, valued at $1,022,482. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director now owns 25,070 shares in the company, valued at approximately $1,523,754.60. The disclosure for this sale can be found here. Insiders sold 46,781 shares of company stock worth $2,793,713 in the last 90 days. 27.70% of the stock is currently owned by corporate insiders.
Papa John's Int'l (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). Papa John's Int'l had a negative return on equity of 366.49% and a net margin of 5.79%. The firm had revenue of $467.60 million during the quarter, compared to analyst estimates of $463.61 million. During the same quarter in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. analysts expect that Papa John's Int'l, Inc. will post 2.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a $0.225 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.90 dividend on an annualized basis and a yield of 1.55%. Papa John's Int'l’s dividend payout ratio is currently 31.80%.
PZZA has been the topic of a number of research reports. BidaskClub upgraded Papa John's Int'l from a “strong sell” rating to a “sell” rating in a report on Saturday, December 2nd. Deutsche Bank initiated coverage on Papa John's Int'l in a report on Monday, December 18th. They issued a “hold” rating and a $63.00 target price on the stock. Nomura reiterated a “hold” rating and issued a $58.00 target price on shares of Papa John's Int'l in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Papa John's Int'l from a “strong sell” rating to a “hold” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Papa John's Int'l presently has a consensus rating of “Hold” and an average price target of $76.60.
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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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