New York State Teachers Retirement System Sells 3,304 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

New York State Teachers Retirement System trimmed its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,925 shares of the company’s stock after selling 3,304 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Papa Johns International worth $2,366,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Papa Johns International by 66.9% in the 3rd quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International in the third quarter valued at about $42,000. CWM LLC grew its position in Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the last quarter. nVerses Capital LLC acquired a new position in Papa Johns International during the third quarter worth about $156,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Papa Johns International by 379.7% in the first quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock worth $221,000 after acquiring an additional 2,624 shares during the last quarter.

Papa Johns International Trading Down 4.6 %

NASDAQ PZZA opened at $55.53 on Friday. The firm has a market capitalization of $1.81 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.53 and a beta of 1.19. The business’s 50-day moving average price is $51.37 and its two-hundred day moving average price is $49.33. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that Papa Johns International, Inc. will post 2.29 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 88.46%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PZZA. Wedbush reaffirmed an “outperform” rating and set a $51.00 price target on shares of Papa Johns International in a report on Friday, August 23rd. Piper Sandler decreased their target price on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Bank of America increased their price target on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Stephens reaffirmed an “overweight” rating and issued a $62.00 target price on shares of Papa Johns International in a report on Thursday. Finally, BMO Capital Markets dropped their target price on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.18.

Papa Johns International Profile

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.