Papa John’s International, Inc. $PZZA Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 9.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,925 shares of the company’s stock after selling 969 shares during the period. Voya Investment Management LLC’s holdings in Papa John’s International were worth $367,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Papa John’s International by 4,646.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company’s stock worth $29,000 after purchasing an additional 697 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Papa John’s International by 937.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $34,000 after purchasing an additional 769 shares during the last quarter. Signaturefd LLC grew its position in shares of Papa John’s International by 214.7% in the first quarter. Signaturefd LLC now owns 1,388 shares of the company’s stock valued at $57,000 after purchasing an additional 947 shares during the last quarter. CWM LLC raised its holdings in shares of Papa John’s International by 27.2% during the 1st quarter. CWM LLC now owns 1,610 shares of the company’s stock worth $66,000 after buying an additional 344 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Papa John’s International by 506.3% in the 1st quarter. GAMMA Investing LLC now owns 2,122 shares of the company’s stock valued at $87,000 after buying an additional 1,772 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PZZA. Benchmark reiterated a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of Papa John’s International in a research report on Monday, August 11th. UBS Group reaffirmed a “neutral” rating and issued a $42.00 target price (up previously from $38.00) on shares of Papa John’s International in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Papa John’s International from $40.00 to $46.00 and gave the company a “hold” rating in a report on Monday, August 11th. Stephens reissued an “overweight” rating and set a $52.00 target price (up previously from $50.00) on shares of Papa John’s International in a research report on Friday, August 8th. Finally, Stifel Nicolaus raised their target price on Papa John’s International from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, August 15th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $52.33.

Papa John’s International Stock Up 0.5%

NASDAQ PZZA opened at $47.00 on Friday. The stock has a fifty day simple moving average of $46.09 and a 200 day simple moving average of $43.37. Papa John’s International, Inc. has a twelve month low of $30.16 and a twelve month high of $60.75. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.59 and a beta of 1.15.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $529.17 million for the quarter, compared to the consensus estimate of $515.48 million. Papa John’s International had a negative return on equity of 14.42% and a net margin of 3.58%.The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 EPS. Research analysts expect that Papa John’s International, Inc. will post 2.19 earnings per share for the current fiscal year.

Papa John’s International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, August 18th. Papa John’s International’s payout ratio is 81.42%.

Papa John’s International Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.