Entropy Technologies LP Acquires New Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Entropy Technologies LP bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) in the third quarter, HoldingsChannel reports. The firm bought 7,772 shares of the company’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its stake in shares of Papa Johns International by 66.9% during the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after purchasing an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the 3rd quarter valued at $42,000. CWM LLC increased its position in Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after buying an additional 525 shares in the last quarter. US Bancorp DE raised its holdings in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after acquiring an additional 922 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Papa Johns International in the third quarter valued at $156,000.

Papa Johns International Trading Down 3.7 %

Shares of PZZA opened at $47.32 on Friday. The stock’s fifty day simple moving average is $51.77 and its 200 day simple moving average is $48.82. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67. The firm has a market capitalization of $1.54 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same period in the previous year, the company posted $0.53 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts predict that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Monday, November 18th. Papa Johns International’s payout ratio is currently 64.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PZZA shares. BMO Capital Markets dropped their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. UBS Group lifted their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, Bank of America increased their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.82.

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.