Papa John’s International, Inc. (NASDAQ:PZZA) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 49.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,172 shares of the company’s stock after selling 49,060 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Papa John’s International worth $3,936,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its stake in shares of Papa John’s International by 20.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,430 shares of the company’s stock valued at $114,000 after buying an additional 242 shares in the last quarter. Glen Harbor Capital Management LLC boosted 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 in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Papa John’s International by 55.0% in the first quarter. Victory Capital Management Inc. now owns 2,188 shares of the company’s stock valued at $175,000 after buying an additional 776 shares in the last quarter. Elkfork Partners LLC boosted its stake in shares of Papa John’s International by 20.4% in the first quarter. Elkfork Partners LLC now owns 2,210 shares of the company’s stock valued at $177,000 after buying an additional 374 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Papa John’s International by 48.3% in the first quarter. LS Investment Advisors LLC now owns 2,732 shares of the company’s stock valued at $219,000 after buying an additional 890 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Shares of Papa John’s International, Inc. (PZZA) traded down 2.47% during trading on Friday, reaching $71.49. 541,837 shares of the company’s stock were exchanged. The company has a 50 day moving average of $75.22 and a 200 day moving average of $79.22. Papa John’s International, Inc. has a 12-month low of $70.73 and a 12-month high of $90.49. The stock has a market cap of $2.63 billion, a P/E ratio of 25.35 and a beta of 0.52.

Papa John’s International (NASDAQ:PZZA) last released its earnings results on Tuesday, May 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Papa John’s International had a net margin of 6.09% and a return on equity of 11,469.18%. The business had revenue of $449.27 million for the quarter, compared to analysts’ expectations of $435.47 million. During the same period last year, the company earned $0.69 earnings per share. Equities research analysts anticipate that Papa John’s International, Inc. will post $2.86 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This is a boost from Papa John’s International’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. Papa John’s International’s dividend payout ratio (DPR) is currently 28.27%.

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PZZA has been the topic of several recent research reports. Longbow Research restated a “buy” rating and set a $95.00 target price on shares of Papa John’s International in a research report on Monday, May 22nd. Zacks Investment Research lowered shares of Papa John’s International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub lowered shares of Papa John’s International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Jefferies Group LLC set a $83.00 price objective on shares of Papa John’s International and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, Stephens reissued an “overweight” rating and issued a $90.00 price objective (down from $100.00) on shares of Papa John’s International in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $89.33.

In related 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 transaction, the chief financial officer now owns 25,522 shares in the company, valued at $2,102,757.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy C. Ohern sold 6,000 shares of Papa John’s International 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 sale, the senior vice president now owns 36,020 shares in the company, valued at approximately $2,946,075.80. The disclosure for this sale can be found here. Insiders sold 20,447 shares of company stock worth $1,656,182 over the last three months. Corporate insiders own 27.70% of the company’s stock.

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.

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

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