Bleakley Financial Group LLC Has $383,000 Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Bleakley Financial Group LLC raised its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,114 shares of the company’s stock after acquiring an additional 819 shares during the quarter. Bleakley Financial Group LLC’s holdings in Papa Johns International were worth $383,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Papa Johns International by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after acquiring an additional 166,246 shares during the last quarter. Earnest Partners LLC lifted its stake in Papa Johns International by 25.9% in the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after acquiring an additional 446,477 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in Papa Johns International in the second quarter valued at $93,586,000. Sei Investments Co. lifted its stake in Papa Johns International by 30.2% in the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after acquiring an additional 281,399 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in Papa Johns International by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock valued at $46,280,000 after acquiring an additional 40,996 shares during the last quarter.

Papa Johns International Stock Performance

NASDAQ:PZZA opened at $52.01 on Wednesday. Papa Johns International, Inc. has a 52 week low of $39.90 and a 52 week high of $78.67. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 3.36 and a beta of 1.20. The firm’s 50-day simple moving average is $49.68 and its 200 day simple moving average is $49.88.

Papa Johns International (NASDAQ:PZZA) last released its 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 firm had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Papa Johns International, Inc. will post 2.27 EPS for the current year.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s dividend payout ratio is currently 88.46%.

Wall Street Analyst Weigh In

PZZA has been the subject of a number of research reports. Stephens restated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research note on Thursday, August 8th. BMO Capital Markets cut their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. UBS Group cut their target price on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Wedbush restated an “outperform” rating and set a $51.00 target price on shares of Papa Johns International in a research note on Friday, August 23rd. Finally, Bank of America raised their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

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.