Dimensional Fund Advisors LP Sells 30,770 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Dimensional Fund Advisors LP reduced its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 4.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 700,127 shares of the company’s stock after selling 30,770 shares during the period. Dimensional Fund Advisors LP owned approximately 2.12% of Papa Johns International worth $32,892,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Seven Eight Capital LP lifted its holdings in shares of Papa Johns International by 396.0% during the 1st quarter. Seven Eight Capital LP now owns 16,591 shares of the company’s stock worth $1,105,000 after acquiring an additional 13,246 shares during the last quarter. Sei Investments Co. raised its position in Papa Johns International by 35.3% in the 4th quarter. Sei Investments Co. now owns 889,918 shares of the company’s stock worth $67,838,000 after purchasing an additional 232,177 shares during the period. 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. Vanguard Group Inc. raised its position in Papa Johns International by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after purchasing an additional 166,246 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Papa Johns International in the 1st quarter worth $1,142,000.

Papa Johns International Price Performance

NASDAQ:PZZA opened at $53.13 on Wednesday. Papa Johns International, Inc. has a one year low of $39.90 and a one 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. The firm has a market capitalization of $1.75 billion, a P/E ratio of 23.61, a PEG ratio of 3.13 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.61 EPS for the quarter, topping 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 business had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Papa Johns International’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts expect that Papa Johns International, Inc. will post 2.27 earnings per share for the current fiscal year.

Papa Johns International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s payout ratio is currently 81.78%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Piper Sandler decreased their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, August 8th. Wedbush restated an “outperform” rating and issued a $51.00 price objective on shares of Papa Johns International in a research report on Friday, August 23rd. Finally, Stifel Nicolaus decreased 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 report on Wednesday, June 26th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.82.

About Papa Johns International

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.