Banco Bilbao Vizcaya Argentaria S.A. Makes New Investment in Papa John’s International, Inc. (NASDAQ:PZZA)

Posted by Defense World Staff on Jun 5th, 2023

Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Papa John’s International, Inc. (NASDAQ:PZZA – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,411 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Yousif Capital Management LLC lifted its position in shares of Papa John’s International by 0.9% in the 1st quarter. Yousif Capital Management LLC now owns 17,234 shares of the company’s stock valued at $1,814,000 after acquiring an additional 155 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Papa John’s International by 0.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 47,227 shares of the company’s stock valued at $3,887,000 after buying an additional 169 shares during the period. PNC Financial Services Group Inc. increased its stake in Papa John’s International by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,489 shares of the company’s stock valued at $452,000 after buying an additional 176 shares during the period. United Capital Management of KS Inc. increased its stake in Papa John’s International by 2.1% in the 4th quarter. United Capital Management of KS Inc. now owns 8,517 shares of the company’s stock valued at $701,000 after buying an additional 179 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Papa John’s International by 10.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,145 shares of the company’s stock valued at $153,000 after buying an additional 195 shares during the period. 99.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PZZA. Benchmark reaffirmed a “buy” rating and set a $95.00 price objective on shares of Papa John’s International in a report on Monday, February 27th. StockNews.com assumed coverage on shares of Papa John’s International in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Wedbush lowered their price target on shares of Papa John’s International from $96.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, February 24th. Stephens lifted their price objective on shares of Papa John’s International from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 24th. Finally, Stifel Nicolaus cut their price target on shares of Papa John’s International from $96.00 to $90.00 in a research note on Thursday, April 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Papa John’s International presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.09.

Papa John’s International Trading Up 4.5 %

PZZA opened at $71.82 on Monday. The stock has a fifty day simple moving average of $74.88 and a two-hundred day simple moving average of $81.32. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.10. Papa John’s International, Inc. has a 12-month low of $66.74 and a 12-month high of $97.78.

Papa John’s International (NASDAQ:PZZA – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. Papa John’s International had a negative return on equity of 30.45% and a net margin of 3.82%. The firm had revenue of $527.00 million during the quarter, compared to the consensus estimate of $534.00 million. During the same period last year, the company earned $0.95 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Papa John’s International, Inc. will post 2.8 EPS for the current year.

Papa John’s International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 15th were issued a $0.42 dividend. The ex-dividend date was Friday, May 12th. This represents a $1.68 annualized dividend and a yield of 2.34%. Papa John’s International’s payout ratio is 75.00%.

Papa John’s International Profile

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Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of the operations of all domestic company-owned restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned or bottled beverages.