Papa John's Int'l, Inc. (PZZA) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in Papa John's Int'l, Inc. (NASDAQ:PZZA) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,384 shares of the company’s stock after purchasing an additional 8,816 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.36% of Papa John's Int'l worth $9,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of PZZA. BlackRock Inc. raised its position in Papa John's Int'l 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 in the last quarter. Prudential Financial Inc. raised its position in Papa John's Int'l by 275.1% during the second quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock valued at $30,147,000 after acquiring an additional 308,110 shares in the last quarter. Koch Industries Inc. raised its position in Papa John's Int'l 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 in the last quarter. American Century Companies Inc. raised its position in Papa John's Int'l by 25.0% during the third quarter. American Century Companies Inc. now owns 765,305 shares of the company’s stock valued at $55,921,000 after acquiring an additional 152,845 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Papa John's Int'l by 55.3% during the second quarter. Ameriprise Financial Inc. now owns 418,386 shares of the company’s stock valued at $30,021,000 after acquiring an additional 149,060 shares in the last quarter. 84.10% of the stock is owned by institutional investors and hedge funds.

PZZA has been the topic of several recent research reports. Nomura cut their price objective on shares of Papa John's Int'l from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Papa John's Int'l from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Stifel Nicolaus initiated coverage on shares of Papa John's Int'l in a research report on Monday, October 2nd. They set a “hold” rating and a $65.00 price objective on the stock. Jefferies Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of Papa John's Int'l in a research report on Friday, November 3rd. Finally, TheStreet lowered shares of Papa John's Int'l from a “b” rating to a “c+” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $76.60.

Papa John's Int'l, Inc. (NASDAQ:PZZA) opened at $56.11 on Monday. Papa John's Int'l, Inc. has a twelve month low of $55.05 and a twelve month high of $87.85. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of -8.26. The company has a market capitalization of $1,966.21, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.60 and a beta of 0.40.

Papa John's Int'l (NASDAQ:PZZA) last announced 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 Int'l had a net margin of 6.12% and a return on equity of 4,321.08%. The company had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. During the same quarter last year, the business earned $0.57 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts forecast that Papa John's Int'l, Inc. will post 2.71 EPS for the current year.

In related news, Director Wayne Kent Taylor purchased 8,860 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $57.53 per share, for a total transaction of $509,715.80. Following the completion of the acquisition, the director now directly owns 30,822 shares in the company, valued at approximately $1,773,189.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 27.70% of the company’s stock.

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Papa John's Int'l 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 Int'l (NASDAQ:PZZA)

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