Quantbot Technologies LP purchased a new stake in Papa John’s International, Inc. (NASDAQ:PZZA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,531 shares of the company’s stock, valued at approximately $1,616,000. Quantbot Technologies LP owned approximately 0.06% of Papa John’s International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in Papa John’s International by 2.0% in the second quarter. Northern Trust Corp now owns 476,963 shares of the company’s stock valued at $34,227,000 after acquiring an additional 9,574 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Papa John’s International by 1.1% in the second quarter. PNC Financial Services Group Inc. now owns 45,363 shares of the company’s stock valued at $3,255,000 after acquiring an additional 508 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Papa John’s International in the second quarter valued at $936,000. Amalgamated Bank raised its holdings in Papa John’s International by 4.9% in the second quarter. Amalgamated Bank now owns 3,908 shares of the company’s stock valued at $280,000 after acquiring an additional 183 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Papa John’s International by 12.4% in the second quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after acquiring an additional 383,459 shares in the last quarter. 83.77% of the stock is currently owned by hedge funds and other institutional investors.

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Papa John’s International, Inc. (NASDAQ:PZZA) opened at 72.96 on Friday. Papa John’s International, Inc. has a 52-week low of $70.73 and a 52-week high of $90.49. The stock’s 50 day moving average is $76.03 and its 200 day moving average is $77.28. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 25.41 and a beta of 0.51.

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

Papa John’s International declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 198% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several analysts recently issued reports on PZZA shares. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of Papa John’s International in a report on Tuesday, August 29th. Zacks Investment Research lowered shares of Papa John’s International from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reiterated 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. KeyCorp reiterated an “equal weight” rating on shares of Papa John’s International in a research note on Tuesday, June 20th. Finally, BidaskClub lowered shares of Papa John’s International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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 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 completion of the transaction, the senior vice president now directly owns 35,650 shares of the company’s stock, valued at $2,676,602. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.70% of the stock is currently owned by company insiders.

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.

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

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