SG Americas Securities LLC Sells 2,706 Shares of Papa John’s Int’l, Inc. (PZZA)

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SG Americas Securities LLC reduced its stake in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 26.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,599 shares of the company’s stock after selling 2,706 shares during the quarter. SG Americas Securities LLC’s holdings in Papa John’s Int’l were worth $385,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Champlain Investment Partners LLC bought a new stake in Papa John’s Int’l during the first quarter valued at about $41,465,000. Point72 Asset Management L.P. bought a new stake in Papa John’s Int’l during the first quarter valued at about $7,606,000. Seven Eight Capital LP bought a new stake in Papa John’s Int’l during the first quarter valued at about $6,199,000. JPMorgan Chase & Co. raised its holdings in Papa John’s Int’l by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 1,911,661 shares of the company’s stock valued at $109,538,000 after acquiring an additional 85,677 shares during the period. Finally, Bank of Montreal Can raised its holdings in Papa John’s Int’l by 2,058.5% during the second quarter. Bank of Montreal Can now owns 87,462 shares of the company’s stock valued at $4,435,000 after acquiring an additional 83,410 shares during the period. 82.64% of the stock is currently owned by institutional investors.

A number of research firms have commented on PZZA. BidaskClub cut Papa John’s Int’l from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Stephens reissued a “buy” rating and set a $60.00 price target on shares of Papa John’s Int’l in a report on Tuesday, August 7th. Stifel Nicolaus decreased their price target on Papa John’s Int’l from $38.00 to $35.00 and set a “sell” rating on the stock in a report on Wednesday, August 8th. Longbow Research raised Papa John’s Int’l from a “neutral” rating to a “buy” rating in a report on Monday, August 13th. Finally, ValuEngine raised Papa John’s Int’l from a “sell” rating to a “hold” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Papa John’s Int’l has an average rating of “Hold” and an average price target of $60.67.

Shares of Papa John’s Int’l stock traded up $0.49 during trading on Friday, reaching $52.91. 1,361,263 shares of the stock traded hands, compared to its average volume of 1,339,368. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.72 and a beta of 0.44. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of -2.22. Papa John’s Int’l, Inc. has a 52-week low of $38.05 and a 52-week high of $71.28.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.05). The firm had revenue of $407.96 million for the quarter, compared to analysts’ expectations of $418.30 million. Papa John’s Int’l had a net margin of 4.54% and a negative return on equity of 47.37%. On average, equities analysts expect that Papa John’s Int’l, Inc. will post 1.51 EPS for the current fiscal year.

Papa John’s Int’l 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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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

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