Dupree Financial Group LLC Makes New Investment in Papa Johns International, Inc. (NASDAQ:PZZA)

Dupree Financial Group LLC acquired a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,232 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors also recently modified their holdings of PZZA. Signaturefd LLC boosted its holdings in Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after acquiring an additional 259 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Papa Johns International in the 3rd quarter worth about $42,000. CWM LLC boosted its stake in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after purchasing an additional 525 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Papa Johns International during the third quarter valued at about $156,000. Finally, EntryPoint Capital LLC raised its stake in Papa Johns International by 379.7% in the first quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock worth $221,000 after buying an additional 2,624 shares in the last quarter.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA opened at $52.01 on Wednesday. The firm’s 50 day moving average price is $49.68 and its 200-day moving average price is $49.88. Papa Johns International, Inc. has a 52-week low of $39.90 and a 52-week high of $78.67. The company has a market cap of $1.70 billion, a PE ratio of 25.00, a P/E/G ratio of 3.36 and a beta of 1.20.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The business had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. On average, analysts forecast that Papa Johns International, Inc. will post 2.27 earnings per share for the current fiscal year.

Papa Johns International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.46 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.84 annualized dividend and a yield of 3.54%. Papa Johns International’s payout ratio is 88.46%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. KeyCorp reduced their target price on Papa Johns International from $64.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Bank of America upped their price target on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus lowered their price objective on Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Thursday, August 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $51.00 price target on shares of Papa Johns International in a research note on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

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.