Papa John’s Int’l, Inc. (NASDAQ:PZZA) Short Interest Update

Papa John’s Int’l, Inc. (NASDAQ:PZZA) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 7,072,800 shares, a decline of 7.5% from the May 15th total of 7,648,900 shares. Approximately 32.6% of the company’s shares are short sold. Based on an average daily trading volume, of 814,500 shares, the days-to-cover ratio is presently 8.7 days.

Papa John’s Int’l stock opened at $45.92 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of 39.93, a PEG ratio of 3.27 and a beta of 0.44. Papa John’s Int’l has a 12 month low of $38.05 and a 12 month high of $60.56. The company has a 50-day moving average price of $47.17.

Papa John’s Int’l (NASDAQ:PZZA) last posted its earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. Papa John’s Int’l had a negative return on equity of 13.51% and a negative net margin of 1.09%. The firm had revenue of $398.41 million during the quarter, compared to the consensus estimate of $384.67 million. During the same period last year, the company earned $0.52 earnings per share. The business’s quarterly revenue was down 11.5% on a year-over-year basis. Sell-side analysts anticipate that Papa John’s Int’l will post 1.13 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Citigroup boosted their price objective on Cyberark Software from $111.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. BidaskClub upgraded YY from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th. Stifel Nicolaus initiated coverage on Haymaker Acquisition in a research note on Wednesday, March 27th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Credit Suisse Group initiated coverage on Arco Platform in a research note on Tuesday, June 25th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Papa John’s Int’l currently has an average rating of “Buy” and a consensus price target of $54.83.

In other Papa John’s Int’l news, Director Anthony Michael Sanfilippo acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of $47.79 per share, for a total transaction of $47,790.00. Following the transaction, the director now owns 3,654 shares of the company’s stock, valued at $174,624.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John H. Schnatter sold 114,061 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $52.69, for a total value of $6,009,874.09. Following the completion of the transaction, the insider now owns 9,239,507 shares of the company’s stock, valued at $486,829,623.83. The disclosure for this sale can be found here. Insiders have sold a total of 3,765,557 shares of company stock valued at $173,644,058 over the last 90 days. Corporate insiders own 43.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Papa John’s Int’l by 2.1% during the fourth quarter. BlackRock Inc. now owns 2,567,032 shares of the company’s stock worth $102,193,000 after purchasing an additional 53,033 shares during the period. Jackson Square Partners LLC acquired a new stake in Papa John’s Int’l in the first quarter valued at approximately $121,272,000. FIL Ltd grew its stake in Papa John’s Int’l by 267.1% in the first quarter. FIL Ltd now owns 1,270,298 shares of the company’s stock valued at $67,262,000 after acquiring an additional 924,298 shares during the period. Deprince Race & Zollo Inc. grew its stake in Papa John’s Int’l by 6.6% in the first quarter. Deprince Race & Zollo Inc. now owns 688,073 shares of the company’s stock valued at $36,433,000 after acquiring an additional 42,546 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in Papa John’s Int’l by 106,517.1% in the first quarter. BNP Paribas Arbitrage SA now owns 429,667 shares of the company’s stock valued at $22,751,000 after acquiring an additional 429,264 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.

Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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