Envestnet Asset Management Inc. Reduces Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Envestnet Asset Management Inc. decreased its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 43.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,402 shares of the company’s stock after selling 88,316 shares during the quarter. Envestnet Asset Management Inc. owned about 0.35% of Papa Johns International worth $5,422,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after buying an additional 166,246 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Papa Johns International by 5.7% during the first quarter. Earnest Partners LLC now owns 1,724,468 shares of the company’s stock worth $114,850,000 after buying an additional 93,325 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Papa Johns International by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 1,698,833 shares of the company’s stock worth $129,502,000 after buying an additional 192,149 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Papa Johns International by 2.3% during the first quarter. Westwood Holdings Group Inc. now owns 944,109 shares of the company’s stock worth $62,878,000 after buying an additional 21,198 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Papa Johns International by 4.8% during the first quarter. Sei Investments Co. now owns 932,785 shares of the company’s stock worth $62,124,000 after buying an additional 42,867 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PZZA. Wedbush reissued an “outperform” rating and issued a $51.00 price objective on shares of Papa Johns International in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft dropped 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. UBS Group dropped their price objective on shares of Papa Johns International from $58.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America dropped 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. Finally, Stifel Nicolaus dropped 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.82.

Papa Johns International Stock Performance

Shares of PZZA opened at $53.87 on Tuesday. The stock has a market capitalization of $1.78 billion, a PE ratio of 23.94, a P/E/G ratio of 3.13 and a beta of 1.19. Papa Johns International, Inc. has a 1 year low of $39.90 and a 1 year high of $78.67. The company’s 50-day simple moving average is $46.87 and its 200-day simple moving average is $51.65.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.08. The business had revenue of $507.89 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, sell-side analysts predict that Papa Johns International, Inc. will post 2.27 earnings per share for the current year.

Papa Johns International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend yield of 3.42%. Papa Johns International’s dividend payout ratio is presently 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.