The Manufacturers Life Insurance Company Cuts Position in Papa Johns International, Inc. (NASDAQ:PZZA)

The Manufacturers Life Insurance Company cut its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 3.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,906 shares of the company’s stock after selling 605 shares during the period. The Manufacturers Life Insurance Company’s holdings in Papa Johns International were worth $857,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares during the last quarter. Copeland Capital Management LLC bought a new position in Papa Johns International in the third quarter worth about $42,000. CWM LLC boosted its stake in Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the period. US Bancorp DE grew its holdings in shares of Papa Johns International by 225.4% during the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Papa Johns International during the 3rd quarter worth approximately $156,000.

Papa Johns International Trading Up 0.1 %

Shares of PZZA stock opened at $47.04 on Friday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.47 and a beta of 1.16. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67. The business’s 50-day moving average price is $50.94 and its 200-day moving average price is $48.14.

Papa Johns International (NASDAQ:PZZA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. On average, sell-side analysts predict that Papa Johns International, Inc. will post 2.21 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PZZA shares. KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Bank of America raised their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective 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. Stephens reaffirmed an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Papa Johns International in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.82.

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.