Deprince Race & Zollo Inc. Acquires 185,036 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Deprince Race & Zollo Inc. raised its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 55.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 516,046 shares of the company’s stock after purchasing an additional 185,036 shares during the quarter. Deprince Race & Zollo Inc. owned 1.58% of Papa Johns International worth $24,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. CWM LLC raised its stake in shares of Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the period. Blue Trust Inc. raised its stake in shares of Papa Johns International by 16.8% in the second quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock valued at $170,000 after acquiring an additional 520 shares during the period. Quest Partners LLC raised its stake in shares of Papa Johns International by 12.2% in the second quarter. Quest Partners LLC now owns 3,774 shares of the company’s stock valued at $177,000 after acquiring an additional 410 shares during the period. EntryPoint Capital LLC raised its stake in shares of Papa Johns International by 379.7% in the first quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock valued at $221,000 after acquiring an additional 2,624 shares during the period. Finally, Olympiad Research LP purchased a new stake in shares of Papa Johns International in the fourth quarter valued at $232,000.

Papa Johns International Price Performance

PZZA stock opened at $49.64 on Thursday. The firm’s fifty day simple moving average is $46.23 and its 200-day simple moving average is $52.17. The company has a market capitalization of $1.62 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.11 and a beta of 1.19. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67.

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

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Monday, August 19th. Papa Johns International’s dividend payout ratio is currently 81.78%.

Analysts Set New Price Targets

PZZA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Wedbush reiterated an “outperform” rating and set a $51.00 price objective on shares of Papa Johns International in a report on Friday, August 23rd. Stifel Nicolaus decreased their price objective on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Piper Sandler reduced their price target on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Thursday, August 8th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.82.

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.