KG&L Capital Management LLC Takes $240,000 Position in Papa Johns International, Inc. (NASDAQ:PZZA)

KG&L Capital Management LLC acquired a new position in Papa Johns International, Inc. (NASDAQ:PZZA) in the second quarter, Holdings Channel reports. The fund acquired 5,100 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Papa Johns International in the 4th quarter valued at $29,204,000. Sei Investments Co. raised its holdings in Papa Johns International by 35.3% in the fourth quarter. Sei Investments Co. now owns 889,918 shares of the company’s stock worth $67,838,000 after purchasing an additional 232,177 shares in the last quarter. Wellington Management Group LLP raised its holdings in Papa Johns International by 12.8% in the fourth quarter. Wellington Management Group LLP now owns 1,698,833 shares of the company’s stock worth $129,502,000 after purchasing an additional 192,149 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock valued at $251,074,000 after buying an additional 166,246 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of Papa Johns International by 5.7% in the 1st quarter. Earnest Partners LLC now owns 1,724,468 shares of the company’s stock valued at $114,850,000 after buying an additional 93,325 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PZZA shares. Stephens reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus reduced their target price on Papa Johns International from $55.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Wedbush reissued an “outperform” rating and issued a $51.00 price target on shares of Papa Johns International in a report on Friday, August 9th. Finally, Loop Capital decreased their price objective on shares of Papa Johns International from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Papa Johns International has a consensus rating of “Moderate Buy” and an average target price of $58.82.

Papa Johns International Trading Down 1.2 %

Shares of Papa Johns International stock traded down $0.56 during trading hours on Thursday, reaching $46.03. The stock had a trading volume of 129,839 shares, compared to its average volume of 992,108. The stock’s 50 day moving average is $44.65 and its 200 day moving average is $56.21. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $79.40. The firm has a market capitalization of $1.50 billion, a PE ratio of 20.43, a PEG ratio of 2.83 and a beta of 1.16.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. Papa Johns International’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. As a group, sell-side analysts predict that Papa Johns International, Inc. will post 2.29 earnings per share for the current year.

Papa Johns International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Monday, August 19th. Papa Johns International’s dividend payout ratio is presently 81.78%.

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.