Symons Capital Management Inc. Makes New $215,000 Investment in Papa John’s Int’l, Inc. (NASDAQ:PZZA)

Symons Capital Management Inc. acquired a new position in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,107 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Papa John’s Int’l by 9.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,048 shares of the company’s stock valued at $137,000 after acquiring an additional 251 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Papa John’s Int’l by 3.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,800 shares of the company’s stock valued at $513,000 after acquiring an additional 300 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Papa John’s Int’l by 45.0% in the second quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock valued at $68,000 after acquiring an additional 475 shares in the last quarter. Coastal Investment Advisors Inc. boosted its holdings in shares of Papa John’s Int’l by 2.6% in the second quarter. Coastal Investment Advisors Inc. now owns 20,696 shares of the company’s stock valued at $923,000 after acquiring an additional 525 shares in the last quarter. Finally, Private Capital Group LLC purchased a new stake in shares of Papa John’s Int’l in the second quarter valued at about $34,000. 92.75% of the stock is currently owned by institutional investors.

PZZA traded down $0.82 during midday trading on Friday, reaching $61.76. 1,218,300 shares of the company’s stock were exchanged, compared to its average volume of 994,724. Papa John’s Int’l, Inc. has a 1-year low of $38.29 and a 1-year high of $63.29. The business’s 50-day moving average price is $54.93 and its 200 day moving average price is $49.50. The stock has a market capitalization of $1.82 billion, a PE ratio of 46.09, a P/E/G ratio of 5.70 and a beta of 0.41.

Papa John’s Int’l (NASDAQ:PZZA) last released its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. The company had revenue of $403.71 million during the quarter, compared to analysts’ expectations of $384.54 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Papa John’s Int’l’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts predict that Papa John’s Int’l, Inc. will post 1.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.90 dividend on an annualized basis and a yield of 1.46%. Papa John’s Int’l’s payout ratio is 67.16%.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 1,900,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.60, for a total transaction of $107,540,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder John H. Schnatter sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $57.58, for a total transaction of $5,758,000.00. Following the sale, the insider now owns 4,789,682 shares of the company’s stock, valued at $275,789,889.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,575,861 shares of company stock valued at $138,144,712. 43.00% of the stock is owned by insiders.

Several analysts recently commented on PZZA shares. Jefferies Financial Group cut shares of Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Monday, November 4th. They noted that the move was a valuation call. CL King started coverage on shares of Papa John’s Int’l in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $65.00 price objective for the company. Stephens reiterated an “overweight” rating and issued a $60.00 price objective on shares of Papa John’s Int’l in a research note on Tuesday, August 27th. BidaskClub cut shares of Papa John’s Int’l from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Finally, BTIG Research raised their price objective on shares of Papa John’s Int’l to $67.00 and gave the company a “positive” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $61.56.

Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Read More: What Does a Sell-Side Analyst Rating Mean?

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

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