Fiduciary Alliance LLC Has $4.39 Million Position in Papa John’s International, Inc. $PZZA

Fiduciary Alliance LLC raised its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 2,415.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,581 shares of the company’s stock after acquiring an additional 130,190 shares during the quarter. Fiduciary Alliance LLC owned approximately 0.41% of Papa John’s International worth $4,394,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Papa John’s International by 47.0% during the 1st quarter. Blue Trust Inc. now owns 6,831 shares of the company’s stock worth $221,000 after purchasing an additional 2,184 shares in the last quarter. Invesco Ltd. boosted its position in Papa John’s International by 14.1% in the fourth quarter. Invesco Ltd. now owns 139,662 shares of the company’s stock valued at $5,376,000 after buying an additional 17,215 shares in the last quarter. Corient Private Wealth LLC boosted its position in Papa John’s International by 189.9% in the fourth quarter. Corient Private Wealth LLC now owns 18,291 shares of the company’s stock valued at $704,000 after buying an additional 11,982 shares in the last quarter. XTX Topco Ltd grew its stake in Papa John’s International by 38.2% during the fourth quarter. XTX Topco Ltd now owns 12,846 shares of the company’s stock worth $494,000 after buying an additional 3,550 shares during the last quarter. Finally, Private Capital Management LLC grew its stake in Papa John’s International by 17.3% during the fourth quarter. Private Capital Management LLC now owns 41,775 shares of the company’s stock worth $1,608,000 after buying an additional 6,175 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PZZA shares. Mizuho cut their target price on shares of Papa John’s International from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. UBS Group decreased their price target on Papa John’s International from $42.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Benchmark dropped their price target on Papa John’s International from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings downgraded Papa John’s International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Finally, Stephens reiterated an “overweight” rating and issued a $40.00 price objective on shares of Papa John’s International in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.50.

Papa John’s International Trading Up 2.0%

PZZA opened at $36.02 on Thursday. Papa John’s International, Inc. has a 1-year low of $29.55 and a 1-year high of $55.74. The stock has a market capitalization of $1.19 billion, a PE ratio of 43.40, a PEG ratio of 1.96 and a beta of 1.15. The firm has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $35.36.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). Papa John’s International had a negative return on equity of 10.71% and a net margin of 1.37%.The company had revenue of $478.61 million for the quarter, compared to analyst estimates of $485.51 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Papa John’s International’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, research analysts predict that Papa John’s International, Inc. will post 1.51 EPS for the current year.

Papa John’s International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.84 annualized dividend and a yield of 5.1%. Papa John’s International’s dividend payout ratio is currently 221.69%.

About Papa John’s International

Papa John’s International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John’s restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John’s centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.