Atria Investments Inc Acquires 1,135 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Atria Investments Inc grew its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 19.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,096 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. Atria Investments Inc’s holdings in Papa Johns International were worth $382,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PZZA. Vanguard Group Inc. boosted its holdings in shares of Papa Johns International by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after buying an additional 166,246 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Papa Johns International by 88.1% during the 3rd 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 period. Earnest Partners LLC boosted its holdings in shares of Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock worth $101,991,000 after buying an additional 446,477 shares during the period. 1832 Asset Management L.P. bought a new stake in shares of Papa Johns International during the 2nd quarter worth $93,586,000. Finally, Sei Investments Co. boosted its holdings in shares of Papa Johns International by 30.2% during the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after buying an additional 281,399 shares during the period.

Papa Johns International Stock Up 1.2 %

Shares of Papa Johns International stock opened at $47.86 on Friday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The company has a 50-day simple moving average of $51.73 and a 200 day simple moving average of $48.47. Papa Johns International, Inc. has a 12-month low of $39.90 and a 12-month high of $78.67.

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

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is currently 64.11%.

Analysts Set New Price Targets

PZZA has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America increased their price target on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a report on Thursday, November 7th. UBS Group increased their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Papa Johns International presently has a consensus rating of “Hold” and an average target price 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.