Savoir Faire Capital Management L.P. Buys 49,982 Shares of Papa John’s International, Inc. $PZZA

Savoir Faire Capital Management L.P. raised its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 120.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,641 shares of the company’s stock after purchasing an additional 49,982 shares during the period. Papa John’s International accounts for approximately 2.2% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 20th biggest position. Savoir Faire Capital Management L.P. owned approximately 0.28% of Papa John’s International worth $4,485,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. GAMMA Investing LLC lifted 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 worth $87,000 after purchasing an additional 1,772 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Papa John’s International in the 1st quarter worth approximately $509,000. Bessemer Group Inc. lifted its position in shares of Papa John’s International by 2,758.7% in the 1st quarter. Bessemer Group Inc. now owns 2,144 shares of the company’s stock worth $88,000 after purchasing an additional 2,069 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Papa John’s International by 117.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 49,084 shares of the company’s stock worth $2,040,000 after purchasing an additional 26,505 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Papa John’s International by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 162,923 shares of the company’s stock worth $6,693,000 after purchasing an additional 3,895 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PZZA. Bank of America reissued a “neutral” rating and issued a $50.00 price objective (down from $62.00) on shares of Papa John’s International in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Papa John’s International in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on Papa John’s International from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, August 15th. UBS Group reissued a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Papa John’s International in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.60.

Papa John’s International Price Performance

Shares of Papa John’s International stock opened at $51.26 on Friday. Papa John’s International, Inc. has a one year low of $30.16 and a one year high of $60.75. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 4.46 and a beta of 1.10. The business has a 50-day simple moving average of $48.63 and a 200 day simple moving average of $44.96.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Papa John’s International had a negative return on equity of 14.42% and a net margin of 3.58%.The business had revenue of $529.17 million during the quarter, compared to analyst estimates of $515.48 million. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Papa John’s International, Inc. will post 2.19 EPS for the current year.

Papa John’s International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 17th. Papa John’s International’s payout ratio is presently 81.42%.

About Papa John’s International

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.