Papa John’s International, Inc. (PZZA) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,012 shares of the company’s stock after buying an additional 4,139 shares during the quarter. Nordea Investment Management AB owned approximately 0.08% of Papa John’s International worth $1,974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flinton Capital Management LLC lifted its holdings in Papa John’s International by 76.9% during the 2nd quarter. Flinton Capital Management LLC now owns 1,840 shares of the company’s stock valued at $132,000 after buying an additional 800 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Papa John’s International by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,574 shares of the company’s stock valued at $185,000 after buying an additional 386 shares in the last quarter. Trexquant Investment LP bought a new stake in Papa John’s International during the 2nd quarter valued at about $201,000. Riverhead Capital Management LLC lifted its holdings in Papa John’s International by 87.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the company’s stock valued at $215,000 after buying an additional 1,396 shares in the last quarter. Finally, Nine Chapters Capital Management LLC bought a new stake in Papa John’s International during the 3rd quarter valued at about $219,000. Institutional investors own 84.23% of the company’s stock.

Shares of Papa John’s International, Inc. (NASDAQ:PZZA) opened at $56.67 on Friday. Papa John’s International, Inc. has a twelve month low of $55.05 and a twelve month high of $90.49. The company has a debt-to-equity ratio of -8.26, a current ratio of 1.21 and a quick ratio of 1.01. The company has a market cap of $2,122.15, a PE ratio of 22.35, a PEG ratio of 1.69 and a beta of 0.40.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Papa John’s International had a net margin of 6.12% and a return on equity of 4,321.08%. The business had revenue of $431.70 million during the quarter, compared to the consensus estimate of $427.23 million. During the same quarter in the prior year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. sell-side analysts expect that Papa John’s International, Inc. will post 2.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, November 6th. Papa John’s International’s payout ratio is currently 31.03%.

In other news, Director Wayne Kent Taylor acquired 8,860 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $57.53 per share, with a total value of $509,715.80. Following the transaction, the director now directly owns 30,822 shares in the company, valued at $1,773,189.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 27.70% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price objective on shares of Papa John’s International in a report on Friday, November 3rd. Citigroup assumed coverage on shares of Papa John’s International in a report on Monday, September 18th. They set a “buy” rating and a $90.00 price objective for the company. BTIG Research lowered shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Finally, Stephens reduced their price target on shares of Papa John’s International from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $79.56.

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Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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

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