Acorn Financial Advisory Services Inc. ADV Sells 248 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Acorn Financial Advisory Services Inc. ADV lowered its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,690 shares of the company’s stock after selling 248 shares during the period. Acorn Financial Advisory Services Inc. ADV owned 0.06% of Papa Johns International worth $1,115,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in shares of Papa Johns International by 18.2% during the 1st quarter. BNP Paribas Financial Markets now owns 30,935 shares of the company’s stock valued at $2,060,000 after purchasing an additional 4,770 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Papa Johns International by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 28,178 shares of the company’s stock worth $1,877,000 after buying an additional 356 shares during the period. Quantbot Technologies LP bought a new stake in shares of Papa Johns International in the 1st quarter valued at about $571,000. Illinois Municipal Retirement Fund increased its stake in Papa Johns International by 4.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,808 shares of the company’s stock worth $1,253,000 after purchasing an additional 857 shares during the period. Finally, Sei Investments Co. increased its stake in Papa Johns International by 4.8% in the 1st quarter. Sei Investments Co. now owns 932,785 shares of the company’s stock worth $62,124,000 after purchasing an additional 42,867 shares during the period.

Papa Johns International Stock Down 0.8 %

Shares of NASDAQ PZZA traded down $0.44 during trading on Friday, reaching $55.09. The company had a trading volume of 1,193,654 shares, compared to its average volume of 990,330. The business’s 50-day moving average is $51.52 and its 200 day moving average is $49.28. The stock has a market cap of $1.80 billion, a PE ratio of 26.49, a P/E/G ratio of 3.66 and a beta of 1.19. 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 issued its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 3.25% and a negative return on equity of 19.85%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. On average, analysts anticipate that Papa Johns International, Inc. will post 2.29 earnings per share for the current year.

Papa Johns International Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.34%. Papa Johns International’s dividend payout ratio (DPR) is presently 88.46%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PZZA. KeyCorp lowered their price target on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Bank of America boosted their price target on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. UBS Group upped their target price on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets dropped their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.82.

Papa Johns International 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.