Bank of New York Mellon Corp Has $15.53 Million Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Bank of New York Mellon Corp cut its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,558 shares of the company’s stock after selling 10,446 shares during the quarter. Bank of New York Mellon Corp’s holdings in Papa Johns International were worth $15,530,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Papa Johns International during the 4th quarter worth about $41,000. CWM LLC boosted its holdings in Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Papa Johns International by 140.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,601 shares of the company’s stock valued at $122,000 after acquiring an additional 935 shares during the period. Olympiad Research LP bought a new stake in shares of Papa Johns International during the fourth quarter valued at approximately $232,000. Finally, EntryPoint Capital LLC raised its position in shares of Papa Johns International by 379.7% during the first quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock worth $221,000 after purchasing an additional 2,624 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PZZA shares. BMO Capital Markets reduced their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Bank of America reduced their price objective on shares of Papa Johns International from $78.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Stephens restated an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, Wedbush reissued an “outperform” rating and set a $51.00 price objective on shares of Papa Johns International in a report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.82.

Papa Johns International Stock Down 1.3 %

Shares of NASDAQ PZZA opened at $46.93 on Friday. The company has a market capitalization of $1.53 billion, a PE ratio of 20.86, a PEG ratio of 2.91 and a beta of 1.19. The stock’s 50 day moving average price is $44.59 and its 200-day moving average price is $54.08. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.74.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $507.89 million for 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 last year, the company posted $0.59 earnings per share. As a group, research analysts expect that Papa Johns International, Inc. will post 2.28 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.46 per share. The ex-dividend date was Monday, August 19th. This represents a $1.84 annualized dividend and a yield of 3.92%. Papa Johns International’s payout ratio is currently 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.