Isthmus Partners LLC Grows Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Isthmus Partners LLC boosted its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 264.4% in the third quarter, HoldingsChannel.com reports. The firm owned 35,759 shares of the company’s stock after acquiring an additional 25,947 shares during the period. Isthmus Partners LLC’s holdings in Papa Johns International were worth $1,926,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PZZA. CANADA LIFE ASSURANCE Co raised its holdings in Papa Johns International by 5.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,369 shares of the company’s stock worth $1,889,000 after purchasing an additional 1,566 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 purchasing an additional 576 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Papa Johns International by 45.9% in the first quarter. Janus Henderson Group PLC now owns 23,021 shares of the company’s stock worth $1,533,000 after purchasing an additional 7,246 shares in the last quarter. Tidal Investments LLC raised its holdings in Papa Johns International by 20.6% in the first quarter. Tidal Investments LLC now owns 30,379 shares of the company’s stock worth $2,023,000 after purchasing an additional 5,199 shares in the last quarter. Finally, CWM LLC raised its holdings in Papa Johns International by 65.6% in the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after purchasing an additional 525 shares in the last quarter.

Papa Johns International Stock Up 1.1 %

Shares of NASDAQ PZZA opened at $49.76 on Friday. Papa Johns International, Inc. has a 52 week low of $39.90 and a 52 week high of $78.67. The business’s 50 day moving average price is $51.58 and its 200 day moving average price is $48.24. The firm has a market cap of $1.62 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.50 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, research analysts expect that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.70%. Papa Johns International’s dividend payout ratio is presently 64.11%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PZZA shares. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. Piper Sandler cut their price objective on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, UBS Group upped their price objective 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. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Papa Johns International currently has an average rating of “Hold” and an average price target of $60.82.

About Papa Johns International

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.