Kingsview Wealth Management LLC Makes New $3.11 Million Investment in Papa John’s International, Inc. $PZZA

Kingsview Wealth Management LLC purchased a new stake in Papa John’s International, Inc. (NASDAQ:PZZA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 64,483 shares of the company’s stock, valued at approximately $3,105,000.

Other institutional investors have also recently modified their holdings of the company. Huntington National Bank raised its position in Papa John’s International by 7,600.0% in the second quarter. Huntington National Bank now owns 1,001 shares of the company’s stock worth $49,000 after acquiring an additional 988 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Papa John’s International by 22.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,157 shares of the company’s stock worth $56,000 after purchasing an additional 210 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Papa John’s International in the 2nd quarter valued at about $59,000. GAMMA Investing LLC increased its holdings in shares of Papa John’s International by 41.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,702 shares of the company’s stock valued at $82,000 after purchasing an additional 495 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Papa John’s International by 342.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company’s stock valued at $85,000 after purchasing an additional 1,368 shares during the period.

Papa John’s International Price Performance

Papa John’s International stock opened at $30.81 on Thursday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 34.62, a P/E/G ratio of 1.42 and a beta of 1.23. Papa John’s International, Inc. has a 12-month low of $30.16 and a 12-month high of $55.74. The firm’s 50-day moving average is $35.52 and its two-hundred day moving average is $42.05.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Papa John’s International had a net margin of 1.44% and a negative return on equity of 11.16%. The business had revenue of $498.18 million for the quarter, compared to the consensus estimate of $517.25 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, analysts forecast that Papa John’s International, Inc. will post 2.19 EPS for the current year.

Papa John’s International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, February 9th. This represents a $1.84 annualized dividend and a dividend yield of 6.0%. Papa John’s International’s dividend payout ratio (DPR) is 206.74%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark lowered their target price on shares of Papa John’s International from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. UBS Group restated a “neutral” rating and issued a $42.00 price target on shares of Papa John’s International in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Papa John’s International in a research note on Monday, December 29th. Mizuho reduced their price objective on Papa John’s International from $40.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Zacks Research raised Papa John’s International from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Papa John’s International presently has a consensus rating of “Hold” and a consensus price target of $45.00.

About Papa John’s International

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.