Bank of New York Mellon Corp decreased its holdings in Papa John’s International, Inc. (NASDAQ:PZZA) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 488,563 shares of the company’s stock after selling 3,222 shares during the quarter. Bank of New York Mellon Corp owned 1.39% of Papa John’s International worth $35,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PZZA. BlackRock Inc. lifted its position in shares of Papa John’s International by 12.4% during the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock worth $248,607,000 after buying an additional 383,459 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Papa John’s International by 275.1% during the 2nd quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock worth $30,147,000 after buying an additional 308,110 shares in the last quarter. Koch Industries Inc. lifted its position in shares of Papa John’s International by 6,732.0% during the 2nd quarter. Koch Industries Inc. now owns 297,807 shares of the company’s stock worth $294,000 after buying an additional 293,448 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Papa John’s International by 391.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock worth $17,607,000 after buying an additional 194,804 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Papa John’s International by 25.0% during the 3rd quarter. American Century Companies Inc. now owns 765,305 shares of the company’s stock worth $55,921,000 after buying an additional 152,845 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Wayne Kent Taylor purchased 8,860 shares of Papa John’s International stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $57.53 per share, for a total transaction of $509,715.80. Following the completion of the transaction, the director now directly owns 30,822 shares of the company’s stock, valued at $1,773,189.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 27.70% of the stock is owned by insiders.

Papa John’s International, Inc. (NASDAQ PZZA) opened at $57.57 on Friday. Papa John’s International, Inc. has a 1 year low of $55.05 and a 1 year high of $90.49. The stock has a market cap of $2,006.86, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.60 and a beta of 0.40. The company has a debt-to-equity ratio of -8.26, a current ratio of 1.21 and a quick ratio of 1.01.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million during the quarter, compared to analysts’ expectations of $427.23 million. Papa John’s International had a return on equity of 4,321.08% and a net margin of 6.12%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. analysts predict that Papa John’s International, Inc. will post 2.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, November 6th. Papa John’s International’s dividend payout ratio (DPR) is 31.03%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target on shares of Papa John’s International in a report on Friday, November 3rd. Citigroup assumed coverage on shares of Papa John’s International in a report on Monday, September 18th. They issued a “buy” rating and a $90.00 price target on the stock. BTIG Research cut shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Finally, Stephens lowered their price target on shares of Papa John’s International from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $79.56.

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Papa John’s International Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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Institutional Ownership by Quarter for Papa John`s International (NASDAQ:PZZA)

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