Papa John’s Int’l, Inc. (NASDAQ:PZZA) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC decreased its stake in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,422 shares of the company’s stock after selling 1,314 shares during the period. Convergence Investment Partners LLC’s holdings in Papa John’s Int’l were worth $669,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PZZA. Amundi Pioneer Asset Management Inc. acquired a new position in Papa John’s Int’l during the 1st quarter valued at about $138,000. Victory Capital Management Inc. boosted its position in shares of Papa John’s Int’l by 11.4% during the 4th quarter. Victory Capital Management Inc. now owns 3,442 shares of the company’s stock valued at $217,000 after purchasing an additional 352 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Papa John’s Int’l by 9.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 26,378 shares of the company’s stock valued at $1,666,000 after purchasing an additional 2,360 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Papa John’s Int’l during the 4th quarter valued at about $220,000. Finally, Baird Financial Group Inc. boosted its position in shares of Papa John’s Int’l by 22.0% during the 4th quarter. Baird Financial Group Inc. now owns 12,117 shares of the company’s stock valued at $766,000 after purchasing an additional 2,187 shares in the last quarter.

PZZA has been the subject of several research reports. Oppenheimer restated a “hold” rating on shares of Papa John’s Int’l in a research report on Thursday, May 7th. BTIG Research raised their price objective on shares of Papa John’s Int’l from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Northcoast Research upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Friday, May 29th. Deutsche Bank raised their price objective on shares of Papa John’s Int’l from $59.00 to $67.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Credit Suisse Group raised their target price on shares of Papa John’s Int’l from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.73.

Shares of PZZA stock traded up $1.42 during trading on Friday, hitting $94.67. 450,518 shares of the company were exchanged, compared to its average volume of 525,206. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 4,733.50, a P/E/G ratio of 9.30 and a beta of 0.95. The business’s 50-day simple moving average is $86.12 and its 200 day simple moving average is $70.86. Papa John’s Int’l, Inc. has a twelve month low of $28.55 and a twelve month high of $96.43.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.25). The company had revenue of $409.86 million for the quarter, compared to analyst estimates of $413.61 million. Papa John’s Int’l had a negative return on equity of 14.40% and a net margin of 0.92%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, equities analysts predict that Papa John’s Int’l, Inc. will post 1.27 earnings per share for the current year.

In related news, COO Jack H. Swaysland sold 1,420 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $82.07, for a total transaction of $116,539.40. Following the transaction, the chief operating officer now owns 20,030 shares of the company’s stock, valued at $1,643,862.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.58% 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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Institutional Ownership by Quarter for Papa John`s Int`l (NASDAQ:PZZA)

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