Kingsview Wealth Management LLC Acquires Shares of 70,746 Papa John’s International, Inc. (NASDAQ:PZZA)

Kingsview Wealth Management LLC acquired a new stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 70,746 shares of the company’s stock, valued at approximately $2,906,000.

Several other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Papa John’s International by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 383,892 shares of the company’s stock worth $15,766,000 after purchasing an additional 5,216 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Papa John’s International during the 4th quarter worth $5,647,000. Amundi raised its stake in shares of Papa John’s International by 174.5% during the 4th quarter. Amundi now owns 15,767 shares of the company’s stock worth $599,000 after purchasing an additional 10,023 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Papa John’s International by 59.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,952 shares of the company’s stock worth $737,000 after purchasing an additional 6,671 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Papa John’s International by 83.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,853 shares of the company’s stock worth $487,000 after purchasing an additional 5,408 shares during the period.

Papa John’s International Stock Performance

Shares of Papa John’s International stock opened at $45.06 on Friday. Papa John’s International, Inc. has a 52-week low of $30.16 and a 52-week high of $60.75. The stock’s 50-day simple moving average is $46.35 and its 200 day simple moving average is $42.11. The stock has a market capitalization of $1.48 billion, a P/E ratio of 19.17, a P/E/G ratio of 4.00 and a beta of 1.19.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $518.31 million for the quarter, compared to analysts’ expectations of $512.48 million. Papa John’s International had a negative return on equity of 15.72% and a net margin of 3.77%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. Equities research analysts forecast that Papa John’s International, Inc. will post 2.19 EPS for the current fiscal year.

Papa John’s International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Monday, May 19th. Papa John’s International’s payout ratio is presently 78.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lowered their target price on Papa John’s International from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. UBS Group lowered their target price on Papa John’s International from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Benchmark reiterated a “buy” rating and set a $50.00 target price on shares of Papa John’s International in a research note on Monday, May 12th. Loop Capital lowered their target price on Papa John’s International from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Stephens reiterated an “overweight” rating and set a $50.00 target price on shares of Papa John’s International in a research note on Thursday, June 12th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.25.

Papa John’s International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.