FIL Ltd grew its holdings in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 267.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,270,298 shares of the company’s stock after acquiring an additional 924,298 shares during the quarter. FIL Ltd owned 4.00% of Papa John’s Int’l worth $67,262,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of PZZA. Parallel Advisors LLC purchased a new stake in shares of Papa John’s Int’l during the first quarter worth approximately $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Papa John’s Int’l during the first quarter worth approximately $32,000. Freestone Capital Holdings LLC purchased a new stake in shares of Papa John’s Int’l during the fourth quarter worth approximately $800,000. PNC Financial Services Group Inc. increased its position in shares of Papa John’s Int’l by 140.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after purchasing an additional 650 shares in the last quarter. Finally, St. Johns Investment Management Company LLC purchased a new stake in shares of Papa John’s Int’l during the first quarter worth approximately $61,000. 94.19% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on PZZA. BidaskClub cut Papa John’s Int’l from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. ValuEngine raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Stephens increased their target price on Papa John’s Int’l from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Credit Suisse Group began coverage on Papa John’s Int’l in a research note on Tuesday, June 25th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, Stifel Nicolaus upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating and upped their price target for the stock from $35.00 to $45.00 in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.83.
Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The firm had revenue of $398.41 million for the quarter, compared to the consensus estimate of $384.67 million. Papa John’s Int’l had a negative return on equity of 13.51% and a negative net margin of 1.09%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, equities research analysts predict that Papa John’s Int’l, Inc. will post 1.13 earnings per share for the current fiscal year.
In other news, Director Anthony Michael Sanfilippo acquired 2,000 shares of Papa John’s Int’l stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $47.09 per share, with a total value of $94,180.00. Following the completion of the acquisition, the director now owns 3,654 shares in the company, valued at approximately $172,066.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John H. Schnatter sold 3,451,413 shares of Papa John’s Int’l stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $45.63, for a total value of $157,487,975.19. Following the transaction, the insider now directly owns 5,509,583 shares of the company’s stock, valued at $251,402,272.29. The disclosure for this sale can be found here. Insiders have sold a total of 3,765,557 shares of company stock worth $173,644,058 in the last 90 days. 43.00% of the stock is currently owned by company insiders.
Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.
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