Stock Yards Bank & Trust Co. Sells 9,457 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Stock Yards Bank & Trust Co. reduced its stake in Papa Johns International, Inc. (NASDAQ:PZZA) by 44.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,682 shares of the company’s stock after selling 9,457 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Papa Johns International were worth $629,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. River Road Asset Management LLC lifted its stake in Papa Johns International by 88.1% in the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock valued at $123,129,000 after buying an additional 1,070,485 shares during the period. Earnest Partners LLC raised its position in shares of Papa Johns International by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after acquiring an additional 446,477 shares during the period. 1832 Asset Management L.P. bought a new position in Papa Johns International during the 2nd quarter worth approximately $93,586,000. Sei Investments Co. grew its holdings in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after purchasing an additional 281,399 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in Papa Johns International by 19.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock valued at $58,812,000 after purchasing an additional 176,470 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PZZA shares. Bank of America boosted their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, November 8th. UBS Group increased their target price on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Trading Up 0.1 %

Papa Johns International stock opened at $47.04 on Friday. The stock’s 50 day moving average is $50.94 and its 200-day moving average is $48.14. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.38 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.

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

Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is presently 64.11%.

About Papa Johns International

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.