Louisiana State Employees Retirement System Has $780,000 Stock Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Louisiana State Employees Retirement System lifted its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,600 shares of the company’s stock after buying an additional 400 shares during the quarter. Louisiana State Employees Retirement System owned about 0.05% of Papa Johns International worth $780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Papa Johns International by 23.5% in the fourth quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after acquiring an additional 156 shares during the last quarter. Texas Yale Capital Corp. raised its position in Papa Johns International by 5.6% in the 1st quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock worth $304,000 after purchasing an additional 240 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Papa Johns International by 6.7% during the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock worth $265,000 after buying an additional 250 shares in the last quarter. Inspire Investing LLC boosted its position in Papa Johns International by 6.6% in the 1st quarter. Inspire Investing LLC now owns 5,366 shares of the company’s stock valued at $357,000 after buying an additional 333 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Papa Johns International by 396.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the period.

Wall Street Analyst Weigh In

PZZA has been the topic of several research reports. Benchmark cut their price target on Papa Johns International from $87.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. UBS Group cut their target price on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Bank of America cut their price objective on shares of Papa Johns International from $78.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, August 8th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.82.

Papa Johns International Trading Down 1.9 %

Shares of Papa Johns International stock opened at $47.09 on Friday. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $79.40. The company has a market capitalization of $1.55 billion, a PE ratio of 20.93, a PEG ratio of 2.83 and a beta of 1.16. The stock’s fifty day simple moving average is $44.54 and its 200 day simple moving average is $55.24.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The business had revenue of $507.89 million during the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. Papa Johns International’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. Analysts predict that Papa Johns International, Inc. will post 2.29 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Monday, August 19th. Papa Johns International’s dividend payout ratio (DPR) is presently 81.78%.

Papa Johns International Company Profile

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.