California State Teachers Retirement System sells 1,802 shares of Papa Johns International, Inc. stock. (NASDAQ:PZZA)

VaselineAugust 10, 2024

0 4 minutes read

California State Teachers Retirement System reduced its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA – Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,774 shares of the company’s stock after selling 1,802 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Papa Johns International worth $2,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PZZA. Janus Henderson Group PLC boosted its holdings in shares of Papa Johns International by 45.9% in the first quarter. Janus Henderson Group PLC now owns 23,021 shares of the company’s stock valued at $1,533,000 after purchasing an additional 7,246 shares during the last quarter. Earnest Partners LLC grew its position in Papa Johns International by 5.7% in the first quarter. Earnest Partners LLC now owns 1,724,468 shares of the company’s stock worth $114,850,000 after acquiring an additional 93,325 shares during the period. Price T Rowe Associates Inc. MD grew its position in Papa Johns International by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 27,197 shares of the company’s stock worth $1,812,000 after acquiring an additional 576 shares during the period. Epoch Investment Partners Inc. grew its position in Papa Johns International by 88.7% in the first quarter. Epoch Investment Partners Inc. now owns 183,308 shares of the company’s stock worth $12,208,000 after acquiring an additional 86,181 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Papa Johns International in the 1st quarter worth about $1,142,000.

Insider trading at Papa Johns International

In other Papa Johns International news, CEO Ravi Thanawala purchased 1,900 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $52.41 per share, for a total transaction of $99,579.00. Following the completion of the transaction, the chief executive officer now directly owns 38,920 shares of the company’s stock, valued at $2,039,797.20. The acquisition was disclosed in a filing with the SEC, which is accessible via this link. Company insiders own 8.90% of the company’s shares.

Papa Johns international price performance

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Shares of PZZA opened at $44.86 on Friday. The firm has a 50-day moving average of $44.84 and a 200-day moving average of $58.00. The company has a market cap of $1.48 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. Papa Johns International, Inc. has a one year low of $39.90 and a one year high of $83.51.

Papa Johns International (NASDAQ:PZZA – Get Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. Papa Johns International had a net margin of 3.50% and a negative return on equity of 19.46%. The business had revenue of $507.89 million during the quarter, compared to analysts’ expectations of $520.13 million. In the same quarter last year, the company earned $0.59 EPS. The company’s revenue fell 1.3% year over year. Analysts expect Papa Johns International, Inc. to record 2.37 earnings per share for the current year.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be given a $0.46 dividend. The ex-dividend date is Monday, August 19. This represents an annualized dividend of $1.84 and a dividend yield of 4.10%. Papa Johns International’s payout ratio is 81.78%.

The Wall Street analyst weighs in

A number of equities analysts recently weighed in on PZZA shares. Deutsche Bank Aktiengesellschaft cut their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday. Benchmark cut their price target on Papa Johns International from $87.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Loop Capital cut their price target on Papa Johns International from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, May 10th. KeyCorp cut their price target on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday. Finally, Stifel Nicolaus cut their price target on Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Papa Johns International presently has an average rating of “Moderate Buy” and a consensus price target of $58.82, according to data from MarketBeat.

Get the latest research report on PZZA

Papa Johns International Profile

(Free Report)

Papa John’s International, Inc operates and franchises pizza delivery and delivery restaurants under the Papa John’s brand in the United States and internationally. The company operates through four segments: domestic company-owned restaurants, North American commissaries, North American franchises and international operations.