Venture Visionary Partners LLC Sells 49,674 Shares of Papa John’s International, Inc. $PZZA

Venture Visionary Partners LLC reduced its stake in Papa John’s International, Inc. (NASDAQ:PZZA) by 49.3% during the 4th quarter, HoldingsChannel reports. The firm owned 51,162 shares of the company’s stock after selling 49,674 shares during the quarter. Venture Visionary Partners LLC’s holdings in Papa John’s International were worth $1,969,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Destination Wealth Management bought a new stake in shares of Papa John’s International in the 4th quarter valued at approximately $340,000. Kestra Advisory Services LLC acquired a new position in shares of Papa John’s International in the 4th quarter worth approximately $73,000. Marshall Wace LLP acquired a new position in shares of Papa John’s International in the 4th quarter worth approximately $12,969,000. Quinn Opportunity Partners LLC acquired a new position in shares of Papa John’s International in the 4th quarter worth approximately $12,767,000. Finally, Soros Fund Management LLC acquired a new position in shares of Papa John’s International in the 4th quarter worth approximately $2,415,000.

Analysts Set New Price Targets

PZZA has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $40.00 target price on shares of Papa John’s International in a report on Thursday, May 14th. Wall Street Zen raised Papa John’s International from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Mizuho reduced their target price on Papa John’s International from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Piper Sandler reduced their target price on Papa John’s International from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Papa John’s International from $45.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.50.

Papa John’s International Price Performance

Shares of PZZA opened at $33.16 on Tuesday. The business’s 50 day simple moving average is $34.28 and its 200-day simple moving average is $35.69. Papa John’s International, Inc. has a one year low of $29.55 and a one year high of $55.74. The company has a market capitalization of $1.09 billion, a P/E ratio of 39.95, a PEG ratio of 1.81 and a beta of 1.15.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $478.61 million during the quarter, compared to the consensus estimate of $485.51 million. Papa John’s International had a net margin of 1.37% and a negative return on equity of 10.71%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. On average, sell-side analysts anticipate that Papa John’s International, Inc. will post 1.51 EPS for the current fiscal year.

Papa John’s International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, May 18th. Papa John’s International’s dividend payout ratio (DPR) is presently 221.69%.

Papa John’s International Company Profile

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.