Papa John's Int'l, Inc. (PZZA) Position Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,012 shares of the company’s stock after selling 1,419 shares during the quarter. Retirement Systems of Alabama owned approximately 0.09% of Papa John’s Int’l worth $1,488,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. OppenheimerFunds Inc. increased its position in shares of Papa John’s Int’l by 16.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 10,348 shares of the company’s stock worth $525,000 after purchasing an additional 1,468 shares in the last quarter. Arlington Partners LLC increased its position in shares of Papa John’s Int’l by 16.3% during the 3rd quarter. Arlington Partners LLC now owns 12,610 shares of the company’s stock worth $647,000 after purchasing an additional 1,765 shares in the last quarter. Tyvor Capital LLC acquired a new stake in shares of Papa John’s Int’l during the 2nd quarter worth about $142,000. State Board of Administration of Florida Retirement System increased its position in shares of Papa John’s Int’l by 24.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 14,316 shares of the company’s stock worth $726,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Papa John’s Int’l during the 1st quarter worth about $232,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

PZZA has been the subject of several research reports. Stephens restated a “buy” rating and issued a $60.00 price objective on shares of Papa John’s Int’l in a research report on Tuesday, August 7th. Jefferies Financial Group upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, August 1st. Longbow Research upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research report on Monday, August 13th. Bank of America upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research report on Monday, August 27th. Finally, Citigroup lowered their price objective on shares of Papa John’s Int’l from $62.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.88.

PZZA opened at $55.40 on Friday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.83 and a beta of 0.27. Papa John’s Int’l, Inc. has a 1-year low of $38.05 and a 1-year high of $69.45.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). The company had revenue of $364.01 million during the quarter, compared to analyst estimates of $390.62 million. Papa John’s Int’l had a net margin of 2.64% and a negative return on equity of 30.50%. The company’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Equities research analysts forecast that Papa John’s Int’l, Inc. will post 1.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 8th. Papa John’s Int’l’s payout ratio is presently 34.35%.

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About Papa John’s Int’l

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 five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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

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