Papa John’s Int’l, Inc. (PZZA) Shares Bought by Dupont Capital Management Corp

Dupont Capital Management Corp increased its stake in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 34.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,532 shares of the company’s stock after purchasing an additional 900 shares during the period. Dupont Capital Management Corp’s holdings in Papa John’s Int’l were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of Papa John’s Int’l by 28.2% in the 1st quarter. Bank of Montreal Can now owns 128,138 shares of the company’s stock valued at $6,786,000 after purchasing an additional 28,222 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Papa John’s Int’l by 106,517.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 429,667 shares of the company’s stock valued at $22,751,000 after purchasing an additional 429,264 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Papa John’s Int’l in the 1st quarter valued at $461,000. Deprince Race & Zollo Inc. raised its holdings in shares of Papa John’s Int’l by 6.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 688,073 shares of the company’s stock valued at $36,433,000 after purchasing an additional 42,546 shares in the last quarter. Finally, Huber Financial Advisors LLC raised its holdings in shares of Papa John’s Int’l by 27.1% in the 1st quarter. Huber Financial Advisors LLC now owns 11,586 shares of the company’s stock valued at $613,000 after purchasing an additional 2,468 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

In related news, major shareholder John H. Schnatter sold 114,061 shares of Papa John’s Int’l stock in a transaction on Friday, May 10th. The shares were sold at an average price of $52.69, for a total transaction of $6,009,874.09. Following the sale, the insider now directly owns 9,239,507 shares in the company, valued at approximately $486,829,623.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 43.00% of the stock is owned by company insiders.

Shares of NASDAQ:PZZA opened at $50.67 on Wednesday. Papa John’s Int’l, Inc. has a 12 month low of $38.05 and a 12 month high of $60.56. The firm has a market cap of $1.69 billion, a P/E ratio of 37.81, a P/E/G ratio of 3.87 and a beta of 0.51.

Papa John’s Int’l (NASDAQ:PZZA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. Papa John’s Int’l had a negative net margin of 1.09% and a negative return on equity of 13.51%. The firm had revenue of $398.41 million for the quarter, compared to analyst estimates of $384.67 million. During the same period last year, the business earned $0.52 EPS. Papa John’s Int’l’s revenue for the quarter was down 11.5% compared to the same quarter last year. Analysts predict that Papa John’s Int’l, Inc. will post 1.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 10th. This represents a $0.90 annualized dividend and a yield of 1.78%. Papa John’s Int’l’s dividend payout ratio is currently 67.16%.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. BidaskClub upgraded shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Stephens raised their price objective on shares of Papa John’s Int’l from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating and raised their price objective for the company from $35.00 to $45.00 in a report on Wednesday, March 27th. Finally, Citigroup reduced their price objective on shares of Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $55.80.

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

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

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