Texas Permanent School Fund Corp Sells 3,661 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Texas Permanent School Fund Corp decreased its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 13.0% during the 2nd quarter, Holdings Channel reports. The firm owned 24,517 shares of the company’s stock after selling 3,661 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Papa Johns International were worth $1,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after purchasing an additional 166,246 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Papa Johns International by 5.7% during the 1st quarter. Earnest Partners LLC now owns 1,724,468 shares of the company’s stock valued at $114,850,000 after purchasing an additional 93,325 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Papa Johns International by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 1,698,833 shares of the company’s stock valued at $129,502,000 after purchasing an additional 192,149 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Papa Johns International by 2.3% in the first quarter. Westwood Holdings Group Inc. now owns 944,109 shares of the company’s stock worth $62,878,000 after acquiring an additional 21,198 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Papa Johns International by 4.8% in the first quarter. Sei Investments Co. now owns 932,785 shares of the company’s stock worth $62,124,000 after acquiring an additional 42,867 shares in the last quarter.

Papa Johns International Stock Down 3.1 %

PZZA stock opened at $50.10 on Friday. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67. The stock’s 50 day moving average is $45.82 and its 200-day moving average is $52.72. The firm has a market capitalization of $1.63 billion, a PE ratio of 22.27, a P/E/G ratio of 3.13 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $507.89 million during the quarter, compared to the consensus estimate 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 revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, equities research analysts anticipate that Papa Johns International, Inc. will post 2.27 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The firm 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, August 19th. Papa Johns International’s payout ratio is 81.78%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PZZA shares. Piper Sandler cut their price target on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. UBS Group cut their price target on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Bank of America cut their price target on Papa Johns International from $78.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. BMO Capital Markets cut their price target on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Stephens reiterated 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.82.

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.