Janney Montgomery Scott LLC Purchases New Stake in Papa Johns International, Inc. (NASDAQ:PZZA)

Janney Montgomery Scott LLC purchased a new stake in Papa Johns International, Inc. (NASDAQ:PZZA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,352 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors have also recently modified their holdings of PZZA. Signaturefd LLC boosted its position in Papa Johns International by 66.9% during the third 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 purchased a new stake in Papa Johns International during the third quarter worth $42,000. CWM LLC boosted 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 purchasing an additional 525 shares in the last quarter. US Bancorp DE boosted its position in Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Papa Johns International during the third quarter worth $156,000.

Wall Street Analyst Weigh In

A number of research firms have commented on PZZA. Deutsche Bank Aktiengesellschaft decreased their target price on 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. Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of Papa Johns International in a research report on Thursday, November 7th. Piper Sandler reduced their price objective on 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. Bank of America upped their price objective on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets reduced their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Papa Johns International presently has an average rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Trading Down 3.7 %

Papa Johns International stock opened at $47.32 on Monday. The firm has a market capitalization of $1.54 billion, a P/E ratio of 16.49, a PEG ratio of 2.37 and a beta of 1.19. The stock has a fifty day moving average price of $51.77 and a 200 day moving average price of $48.64. Papa Johns International, Inc. has a 52 week low of $39.90 and a 52 week high of $78.67.

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

Papa Johns International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.89%. Papa Johns International’s dividend payout ratio is presently 64.11%.

Papa Johns International Company 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.