Nisa Investment Advisors LLC held its stake in Papa John’s International, Inc. (NASDAQ:PZZA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,560 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Papa John’s International were worth $524,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Papa John’s International during the first quarter valued at approximately $2,281,000. Sapphire Star Partners LP raised its stake in shares of Papa John’s International by 8.7% in the first quarter. Sapphire Star Partners LP now owns 3,290 shares of the company’s stock valued at $263,000 after buying an additional 263 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of Papa John’s International during the first quarter valued at approximately $317,000. Glen Harbor Capital Management LLC raised its stake in shares of Papa John’s International by 20.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,820 shares of the company’s stock valued at $146,000 after buying an additional 308 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Papa John’s International by 0.6% in the first quarter. Profund Advisors LLC now owns 4,278 shares of the company’s stock valued at $342,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 79.33% of the company’s stock.

Shares of Papa John’s International, Inc. (NASDAQ PZZA) traded up 1.69% during mid-day trading on Thursday, reaching $78.70. 129,876 shares of the company were exchanged. Papa John’s International, Inc. has a 12 month low of $70.73 and a 12 month high of $90.49. The firm has a 50-day moving average price of $74.72 and a 200 day moving average price of $78.71. The stock has a market capitalization of $2.87 billion, a P/E ratio of 27.41 and a beta of 0.51.

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

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.16%. This is an increase from Papa John’s International’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 3rd. Papa John’s International’s dividend payout ratio is presently 31.36%.

WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.watchlistnews.com/papa-johns-international-inc-nasdaqpzza-position-held-by-nisa-investment-advisors-llc/1468368.html.

Several equities research analysts have commented on PZZA shares. Longbow Research restated a “buy” rating and issued a $95.00 price target on shares of Papa John’s International in a research note on Monday, May 22nd. KeyCorp restated an “equal weight” rating on shares of Papa John’s International in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Papa John’s International from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a $83.00 price target on shares of Papa John’s International in a research note on Friday, July 14th. Finally, Instinet raised their price objective on shares of Papa John’s International from $76.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.17.

In other news, CFO Lance F. Tucker sold 4,051 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $82.39, for a total value of $333,761.89. Following the sale, the chief financial officer now directly owns 25,522 shares in the company, valued at approximately $2,102,757.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Timothy C. Ohern sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $81.79, for a total transaction of $490,740.00. Following the completion of the sale, the senior vice president now owns 36,020 shares in the company, valued at $2,946,075.80. The disclosure for this sale can be found here. Insiders have sold 20,447 shares of company stock worth $1,656,182 over the last quarter. Corporate insiders own 27.70% of the company’s stock.

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.

Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa John’s International, Inc. (NASDAQ:PZZA).

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

Receive News & Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.