Intech Investment Management LLC Makes New Investment in Papa Johns International, Inc. (NASDAQ:PZZA)

Intech Investment Management LLC bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) in the third quarter, Holdings Channel reports. The firm bought 7,630 shares of the company’s stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC increased its stake in Papa Johns International by 85.9% during the 3rd quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock worth $10,237,000 after buying an additional 87,801 shares during the period. Entropy Technologies LP acquired a new position in shares of Papa Johns International in the 3rd quarter valued at approximately $419,000. Atria Investments Inc grew its position in shares of Papa Johns International by 19.0% during the third quarter. Atria Investments Inc now owns 7,096 shares of the company’s stock worth $382,000 after buying an additional 1,135 shares in the last quarter. River Road Asset Management LLC increased its stake in shares of Papa Johns International by 88.1% in the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after buying an additional 1,070,485 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Papa Johns International during the 3rd quarter valued at $773,000.

Papa Johns International Trading Down 0.6 %

Shares of NASDAQ PZZA opened at $49.54 on Tuesday. The stock has a 50-day moving average price of $51.52 and a two-hundred day moving average price of $48.15. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.51 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last announced its earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The firm had revenue of $506.80 million for the quarter, compared to the consensus estimate of $497.28 million. During the same period in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date was Monday, November 18th. Papa Johns International’s dividend payout ratio is currently 64.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America lifted their target price on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a report on Friday, November 8th. BMO Capital Markets reduced their price objective 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. Finally, UBS Group increased their target price on Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.82.

Papa Johns International Company 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.