Papa Johns International, Inc. (NASDAQ:PZZA) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lifted its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,746 shares of the company’s stock after buying an additional 388 shares during the period. Brevan Howard Capital Management LP’s holdings in Papa Johns International were worth $647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PZZA. Wilmington Savings Fund Society FSB boosted its position in Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Papa Johns International in the fourth quarter worth about $30,000. Jones Financial Companies Lllp lifted its holdings in Papa Johns International by 111.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company’s stock worth $56,000 after purchasing an additional 717 shares during the period. New Age Alpha Advisors LLC bought a new position in Papa Johns International in the 4th quarter valued at about $58,000. Finally, Meeder Asset Management Inc. acquired a new position in Papa Johns International during the 4th quarter valued at about $164,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Loop Capital lowered their price target on Papa Johns International from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Stephens reissued an “overweight” rating and issued a $50.00 price objective on shares of Papa Johns International in a research note on Thursday. Benchmark decreased their target price on Papa Johns International from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Northcoast Research raised Papa Johns International to a “hold” rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Papa Johns International presently has an average rating of “Hold” and an average target price of $51.58.

Papa Johns International Price Performance

PZZA stock opened at $38.59 on Friday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.41 and a beta of 1.09. Papa Johns International, Inc. has a 52-week low of $30.16 and a 52-week high of $60.75. The company’s 50 day simple moving average is $38.21 and its 200-day simple moving average is $42.82.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.07). Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Sell-side analysts predict that Papa Johns International, Inc. will post 2.19 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a yield of 4.77%. Papa Johns International’s payout ratio is presently 73.02%.

Papa Johns 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.