Acorn Financial Advisory Services Inc. ADV Has $926,000 Stock Holdings in Papa John’s International, Inc. $PZZA

Acorn Financial Advisory Services Inc. ADV trimmed its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,929 shares of the company’s stock after selling 439 shares during the quarter. Acorn Financial Advisory Services Inc. ADV owned approximately 0.06% of Papa John’s International worth $926,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PZZA. Caitong International Asset Management Co. Ltd boosted its stake in shares of Papa John’s International by 4,646.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company’s stock valued at $29,000 after purchasing an additional 697 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Papa John’s International by 937.8% in the first quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $34,000 after acquiring an additional 769 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Papa John’s International by 181.8% in the second quarter. Farther Finance Advisors LLC now owns 947 shares of the company’s stock worth $46,000 after acquiring an additional 611 shares during the period. Investors Research Corp acquired a new position in shares of Papa John’s International in the second quarter worth approximately $49,000. Finally, Signaturefd LLC lifted its stake in shares of Papa John’s International by 214.7% in the first quarter. Signaturefd LLC now owns 1,388 shares of the company’s stock worth $57,000 after acquiring an additional 947 shares during the period.

Analysts Set New Price Targets

A number of research firms recently commented on PZZA. Stephens set a $50.00 price objective on Papa John’s International in a research note on Monday. Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective (up from $50.00) on shares of Papa John’s International in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Papa John’s International from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. UBS Group reaffirmed a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Papa John’s International in a research note on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Papa John’s International in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.78.

Papa John’s International Stock Up 9.7%

NASDAQ PZZA opened at $45.62 on Tuesday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.53 and a beta of 1.10. Papa John’s International, Inc. has a 52 week low of $30.16 and a 52 week high of $60.75. The business has a 50 day moving average price of $46.64 and a 200-day moving average price of $43.54.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $529.17 million during the quarter, compared to the consensus estimate of $515.48 million. Papa John’s International had a negative return on equity of 14.42% and a net margin of 3.58%.The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities research analysts anticipate that Papa John’s International, Inc. will post 2.19 earnings per share for the current year.

Papa John’s International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. Papa John’s International’s payout ratio is currently 81.42%.

Papa John’s International 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.