Papa John’s International, Inc. (NASDAQ:PZZA) dropped NaN during mid-day trading on Thursday . The company traded as low as $59.36 and last traded at $0.00. Approximately 4,977,592 shares were traded during mid-day trading, an increase of Infinity from the average daily volume of 0 shares.

PZZA has been the topic of several recent research reports. Zacks Investment Research raised shares of Papa John’s International from a “strong sell” rating to a “hold” rating in a research note on Friday, July 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.00 target price on shares of Papa John’s International in a research note on Friday, July 14th. Instinet reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. Stephens lifted their target price on shares of Papa John’s International from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Papa John’s International has an average rating of “Hold” and a consensus target price of $79.56.

The company has a debt-to-equity ratio of -8.26, a current ratio of 1.21 and a quick ratio of 1.08. The stock has a market cap of $2,154.03, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.73 and a beta of 0.47.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.46%. Papa John’s International’s dividend payout ratio is presently 31.03%.

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

In other news, SVP Timothy C. Ohern sold 9,218 shares of Papa John’s International stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total transaction of $692,087.44. Following the transaction, the senior vice president now owns 35,650 shares in the company, valued at approximately $2,676,602. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 27.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PZZA. UBS Asset Management Americas Inc. raised its holdings in shares of Papa John’s International by 44.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,862 shares of the company’s stock worth $1,270,000 after acquiring an additional 4,846 shares during the period. Teachers Advisors LLC raised its holdings in shares of Papa John’s International by 11.7% during the 1st quarter. Teachers Advisors LLC now owns 88,441 shares of the company’s stock worth $7,079,000 after acquiring an additional 9,289 shares during the period. Legal & General Group Plc raised its holdings in shares of Papa John’s International by 23.0% during the 1st quarter. Legal & General Group Plc now owns 17,229 shares of the company’s stock worth $1,378,000 after acquiring an additional 3,217 shares during the period. Vanguard Group Inc. raised its holdings in shares of Papa John’s International by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock worth $190,402,000 after acquiring an additional 160,913 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Papa John’s International by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 224,484 shares of the company’s stock worth $17,966,000 after acquiring an additional 10,267 shares during the period. Institutional investors and hedge funds own 84.18% of the company’s stock.

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Papa John’s International Company 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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