Fmr LLC lowered its position in Papa John’s International, Inc. (NASDAQ:PZZA) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,685,953 shares of the company’s stock after selling 287,656 shares during the period. Fmr LLC owned approximately 10.12% of Papa John’s International worth $264,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PZZA. Waldron LP acquired a new stake in shares of Papa John’s International in the 1st quarter worth approximately $289,000. Great West Life Assurance Co. Can grew its holdings in shares of Papa John’s International by 3.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 16,085 shares of the company’s stock worth $1,287,000 after acquiring an additional 534 shares during the period. First Trust Advisors LP grew its holdings in shares of Papa John’s International by 16.6% in the 1st quarter. First Trust Advisors LP now owns 40,678 shares of the company’s stock worth $3,256,000 after acquiring an additional 5,782 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Papa John’s International by 43.7% in the 1st quarter. Bank of New York Mellon Corp now owns 470,859 shares of the company’s stock worth $37,688,000 after acquiring an additional 143,192 shares during the period. Finally, Comerica Bank grew its holdings in shares of Papa John’s International by 3.9% in the 1st quarter. Comerica Bank now owns 20,901 shares of the company’s stock worth $1,674,000 after acquiring an additional 776 shares during the period. Institutional investors and hedge funds own 83.77% of the company’s stock.

A number of equities research analysts recently weighed in on PZZA shares. BidaskClub cut Papa John’s International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Papa John’s International in a report on Tuesday, August 29th. Stephens restated an “overweight” rating and issued a $90.00 price target (down previously from $100.00) on shares of Papa John’s International in a report on Monday, June 26th. Zacks Investment Research upgraded Papa John’s International from a “strong sell” rating to a “hold” rating in a report on Friday, July 7th. Finally, KeyCorp reiterated an “equal weight” rating on shares of Papa John’s International in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $89.00.

In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of Papa John’s International stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $75.08, for a total transaction of $692,087.44. Following the transaction, the senior vice president now directly owns 35,650 shares in the company, valued at approximately $2,676,602. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 27.70% of the company’s stock.

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Papa John’s International, Inc. (NASDAQ:PZZA) opened at 73.07 on Friday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 25.45 and a beta of 0.51. Papa John’s International, Inc. has a 52 week low of $70.73 and a 52 week high of $90.49. The firm’s 50 day moving average price is $76.03 and its 200-day moving average price is $77.28.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. The firm had revenue of $434.78 million for the quarter, compared to analysts’ expectations of $438.51 million. During the same period in the previous year, the company posted $0.61 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts expect that Papa John’s International, Inc. will post $2.86 EPS for the current year.

Papa John’s International declared that its board has authorized a stock repurchase program on Tuesday, August 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 198% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

About Papa John’s International

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.

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

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