Segall Bryant & Hamill LLC Increases Stock Position in Papa John’s International, Inc. $PZZA

Segall Bryant & Hamill LLC raised its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 18.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 922,809 shares of the company’s stock after purchasing an additional 146,640 shares during the period. Papa John’s International makes up 0.6% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 27th biggest position. Segall Bryant & Hamill LLC’s holdings in Papa John’s International were worth $45,162,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PZZA. Caitong International Asset Management Co. Ltd increased its holdings in shares of Papa John’s International by 4,646.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 712 shares of the company’s stock worth $29,000 after buying an additional 697 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Papa John’s International by 937.8% during the 1st 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 last quarter. Farther Finance Advisors LLC grew its position in 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 in the last quarter. Investors Research Corp bought a new position in Papa John’s International in the second quarter valued at $49,000. Finally, Huntington National Bank increased its stake in Papa John’s International by 7,600.0% in the second quarter. Huntington National Bank now owns 1,001 shares of the company’s stock valued at $49,000 after acquiring an additional 988 shares during the last quarter.

Analyst Upgrades and Downgrades

PZZA has been the subject of several research analyst reports. Stephens dropped their price target on Papa John’s International from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Mizuho raised Papa John’s International to a “hold” rating in a report on Tuesday, October 28th. Benchmark restated a “buy” rating and issued a $60.00 target price (up previously from $50.00) on shares of Papa John’s International in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft upped their target price 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. Finally, Zacks Research downgraded shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.50.

Papa John’s International Price Performance

Shares of Papa John’s International stock opened at $40.25 on Friday. Papa John’s International, Inc. has a one year low of $30.16 and a one year high of $55.74. The business’s 50 day simple moving average is $46.61 and its two-hundred day simple moving average is $46.02. The stock has a market capitalization of $1.32 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 4.46 and a beta of 1.10.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Papa John’s International had a negative return on equity of 14.42% and a net margin of 3.58%.The firm had revenue of $508.15 million during the quarter, compared to the consensus estimate of $523.67 million. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts expect that Papa John’s International, Inc. will post 2.19 earnings per share for the current fiscal year.

Papa John’s International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be given a $0.46 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.6%. Papa John’s International’s payout ratio is presently 164.29%.

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.