Mutual of America Capital Management LLC trimmed its holdings in Papa John’s International, Inc. (NASDAQ:PZZA) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,597 shares of the company’s stock after selling 169 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Papa John’s International worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in Papa John’s International by 13,761.9% in the 1st quarter. BlackRock Inc. now owns 3,080,947 shares of the company’s stock worth $246,601,000 after buying an additional 3,058,721 shares in the last quarter. Karp Capital Management Corp bought a new position in Papa John’s International in the 1st quarter worth approximately $738,000. Rothschild Asset Management Inc. grew its holdings in Papa John’s International by 1.1% in the 1st quarter. Rothschild Asset Management Inc. now owns 100,250 shares of the company’s stock worth $8,024,000 after buying an additional 1,084 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Papa John’s International in the 1st quarter worth approximately $850,000. Finally, JPMorgan Chase & Co. grew its holdings in Papa John’s International by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,411,257 shares of the company’s stock worth $101,272,000 after buying an additional 110,440 shares in the last quarter. 83.77% of the stock is owned by institutional investors and hedge funds.

Shares of Papa John’s International, Inc. (PZZA) opened at 69.96 on Friday. The stock’s 50 day moving average price is $73.98 and its 200-day moving average price is $76.88. The firm has a market cap of $2.55 billion, a P/E ratio of 24.37 and a beta of 0.50. Papa John’s International, Inc. has a 12 month low of $68.68 and a 12 month high of $90.49.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Tuesday, August 1st. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $438.51 million. During the same quarter in the previous year, the business earned $0.61 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that Papa John’s International, Inc. will post $2.85 earnings per share for the current fiscal year.

Papa John’s International announced that its board has approved a share repurchase program on Tuesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 198% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of Papa John’s International stock in a transaction 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 completion of the sale, the senior vice president now owns 35,650 shares of the company’s stock, valued at approximately $2,676,602. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.70% of the stock is currently owned by insiders.

A number of brokerages have issued reports on PZZA. Zacks Investment Research raised Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, August 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.00 price target on shares of Papa John’s International in a research note on Friday, July 14th. Stephens increased their price target on Papa John’s International from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Instinet reaffirmed a “neutral” rating and set a $78.00 price target (down from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. Finally, Citigroup Inc. began coverage on Papa John’s International in a research note on Monday, September 18th. They set a “buy” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $86.00.

TRADEMARK VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/papa-johns-international-inc-pzza-position-cut-by-mutual-of-america-capital-management-llc/1614647.html.

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.

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.