American International Group Inc. Boosts Stake in Papa John’s International, Inc. (PZZA)

American International Group Inc. grew its holdings in Papa John’s International, Inc. (NASDAQ:PZZA) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,665 shares of the company’s stock after acquiring an additional 2,197 shares during the quarter. American International Group Inc. owned 0.21% of Papa John’s International worth $5,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PZZA. Koch Industries Inc. lifted its holdings in shares of Papa John’s International by 6,732.0% during the second quarter. Koch Industries Inc. now owns 297,807 shares of the company’s stock valued at $294,000 after acquiring an additional 293,448 shares during the period. State Street Corp lifted its holdings in shares of Papa John’s International by 4.0% during the second quarter. State Street Corp now owns 878,119 shares of the company’s stock valued at $63,013,000 after acquiring an additional 33,578 shares during the period. Gotham Asset Management LLC bought a new position in shares of Papa John’s International during the second quarter valued at $490,000. BlackRock Inc. lifted its holdings in shares of Papa John’s International by 12.4% during 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 during the period. Finally, Nomura Holdings Inc. lifted its holdings in shares of Papa John’s International by 30.0% during the second quarter. Nomura Holdings Inc. now owns 7,361 shares of the company’s stock valued at $529,000 after acquiring an additional 1,698 shares during the period. 84.23% of the stock is owned by institutional investors.

In related news, Director Wayne Kent Taylor bought 8,860 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $57.53 per share, for a total transaction of $509,715.80. Following the transaction, the director now owns 30,822 shares of the company’s stock, valued at $1,773,189.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.70% of the stock is currently owned by insiders.

Shares of Papa John’s International, Inc. (PZZA) opened at $60.32 on Tuesday. The company has a market capitalization of $2,101.12, a PE ratio of 22.13, a P/E/G ratio of 1.67 and a beta of 0.40. Papa John’s International, Inc. has a 12-month low of $55.05 and a 12-month high of $90.49. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26.

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

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.49%. Papa John’s International’s payout ratio is currently 31.03%.

A number of research analysts have issued reports on PZZA shares. Nomura cut their price objective on Papa John’s International from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Zacks Investment Research lowered Papa John’s International from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of Papa John’s International in a research note on Tuesday, August 29th. Stifel Nicolaus started coverage on Papa John’s International in a research note on Monday, October 2nd. They issued a “hold” rating and a $65.00 target price for the company. Finally, Jefferies Group restated a “hold” rating and issued a $65.00 target price on shares of Papa John’s International in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $79.56.

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

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