Hsbc Holdings PLC Increases Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Hsbc Holdings PLC grew its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 115.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,440 shares of the company’s stock after buying an additional 45,707 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Papa Johns International worth $3,988,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. 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 period. SeaCrest Wealth Management LLC raised its position in Papa Johns International by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock worth $265,000 after purchasing an additional 250 shares during the period. Inspire Investing LLC raised 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 worth $357,000 after purchasing an additional 333 shares during the period. New York State Teachers Retirement System raised its position in Papa Johns International by 0.8% in the 1st quarter. New York State Teachers Retirement System now owns 41,420 shares of the company’s stock worth $2,759,000 after purchasing an additional 342 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in Papa Johns International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock worth $1,877,000 after purchasing an additional 356 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have commented on PZZA. Piper Sandler dropped their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of Papa Johns International in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price objective on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. UBS Group dropped their price objective on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, KeyCorp dropped their price objective on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.82.

Papa Johns International Stock Performance

PZZA stock opened at $50.85 on Wednesday. The firm has a market cap of $1.68 billion, a PE ratio of 22.60, a P/E/G ratio of 3.13 and a beta of 1.19. The firm’s fifty day moving average is $46.12 and its 200 day moving average is $52.19. Papa Johns International, Inc. has a one year low of $39.90 and a one year high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The company had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. During the same quarter last year, the business earned $0.59 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Research analysts predict that Papa Johns International, Inc. will post 2.27 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.46 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.84 annualized dividend and a dividend yield of 3.62%. Papa Johns International’s dividend payout ratio (DPR) is 81.78%.

Papa Johns International 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.