Blue Trust Inc. Purchases 520 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Blue Trust Inc. boosted its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,609 shares of the company’s stock after purchasing an additional 520 shares during the period. Blue Trust Inc.’s holdings in Papa Johns International were worth $170,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PZZA. CWM LLC raised its holdings in shares of Papa Johns International by 23.5% during the 4th quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after buying an additional 156 shares in the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Papa Johns International by 5.6% in the first quarter. Texas Yale Capital Corp. now owns 4,562 shares of the company’s stock worth $304,000 after acquiring an additional 240 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Papa Johns International by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 3,976 shares of the company’s stock valued at $265,000 after purchasing an additional 250 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Papa Johns International by 6.6% during the 1st quarter. Inspire Investing LLC now owns 5,366 shares of the company’s stock valued at $357,000 after purchasing an additional 333 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Papa Johns International by 396.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock worth $32,000 after purchasing an additional 337 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush restated an “outperform” rating and issued a $51.00 target price on shares of Papa Johns International in a research report on Friday, August 9th. Piper Sandler reduced their price objective on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. KeyCorp dropped their target price on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets dropped their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.82.

Papa Johns International Stock Performance

Papa Johns International stock opened at $46.47 on Tuesday. The firm has a 50 day moving average price of $44.71 and a two-hundred day moving average price of $56.67. Papa Johns International, Inc. has a 52-week low of $39.90 and a 52-week high of $79.40. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.74 and a beta of 1.16.

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

Papa Johns International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.84 dividend on an annualized basis and a yield of 3.96%. Papa Johns International’s payout ratio is currently 81.78%.

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.