Papa John’s International, Inc. (NASDAQ:PZZA) Shares Purchased by Parallel Advisors LLC

Posted by Defense World Staff on Jul 23rd, 2023

Parallel Advisors LLC boosted its holdings in Papa John’s International, Inc. (NASDAQ:PZZA – Free Report) by 1,752.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 352 shares of the company’s stock after buying an additional 333 shares during the period. Parallel Advisors LLC’s holdings in Papa John’s International were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Inspire Investing LLC raised its holdings in shares of Papa John’s International by 27.7% in the 1st quarter. Inspire Investing LLC now owns 3,648 shares of the company’s stock worth $273,000 after purchasing an additional 791 shares during the period. Fifth Third Bancorp raised its holdings in shares of Papa John’s International by 2,121.2% in the 1st quarter. Fifth Third Bancorp now owns 18,925 shares of the company’s stock worth $1,418,000 after purchasing an additional 18,073 shares during the period. Congress Asset Management Co. MA raised its holdings in shares of Papa John’s International by 5.5% in the 1st quarter. Congress Asset Management Co. MA now owns 31,236 shares of the company’s stock worth $2,340,000 after purchasing an additional 1,642 shares during the period. Congress Wealth Management LLC DE raised its holdings in shares of Papa John’s International by 16.3% during the 1st quarter. Congress Wealth Management LLC DE now owns 16,562 shares of the company’s stock valued at $1,241,000 after buying an additional 2,319 shares during the period. Finally, State of Wyoming raised its holdings in shares of Papa John’s International by 22.1% during the 4th quarter. State of Wyoming now owns 807 shares of the company’s stock valued at $66,000 after buying an additional 146 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PZZA shares. OTR Global upgraded Papa John’s International to a “positive” rating in a report on Thursday. Bank of America raised their target price on Papa John’s International from $99.00 to $106.00 in a report on Friday. Stifel Nicolaus dropped their price objective on Papa John’s International from $96.00 to $90.00 in a report on Thursday, April 6th. KeyCorp dropped their price objective on Papa John’s International from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, April 11th. Finally, Piper Sandler initiated coverage on Papa John’s International in a report on Tuesday, June 13th. They set a “neutral” rating and a $77.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Papa John’s International presently has an average rating of “Moderate Buy” and an average target price of $93.83.

Papa John’s International Trading Up 0.9 %

Shares of PZZA opened at $80.56 on Friday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.41 and a beta of 1.09. The stock has a 50 day moving average of $73.77 and a 200-day moving average of $79.15. Papa John’s International, Inc. has a 52 week low of $66.74 and a 52 week high of $97.78.

Papa John’s International (NASDAQ:PZZA – Get Free Report) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $527.00 million during the quarter, compared to analyst estimates of $534.00 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Papa John’s International, Inc. will post 2.74 earnings per share for the current fiscal year.

Papa John’s International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, May 12th. This represents a $1.68 dividend on an annualized basis and a yield of 2.09%. Papa John’s International’s dividend payout ratio is currently 75.00%.

Papa John’s International Profile

(Free Report)

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.