SRS Capital Advisors Inc. Boosts Position in Papa John’s International, Inc. (NASDAQ:PZZA)

SRS Capital Advisors Inc. grew its stake in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 396.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 422 shares of the company’s stock after buying an additional 337 shares during the period. SRS Capital Advisors Inc.’s holdings in Papa John’s International were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PZZA. Norden Group LLC purchased a new stake in Papa John’s International in the fourth quarter valued at approximately $252,000. Russell Investments Group Ltd. boosted its holdings in shares of Papa John’s International by 11.1% during the fourth quarter. Russell Investments Group Ltd. now owns 146,370 shares of the company’s stock worth $11,158,000 after purchasing an additional 14,650 shares during the period. Truist Financial Corp boosted its holdings in Papa John’s International by 11.0% in the fourth quarter. Truist Financial Corp now owns 5,043 shares of the company’s stock valued at $384,000 after acquiring an additional 501 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Papa John’s International by 17.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 37,871 shares of the company’s stock valued at $2,887,000 after acquiring an additional 5,596 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Papa John’s International in the 4th quarter worth about $1,368,000.

Papa John’s International Stock Performance

NASDAQ PZZA opened at $58.98 on Friday. The company has a market cap of $1.94 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.58 and a beta of 1.16. The business’s 50 day moving average price is $66.36 and its 200-day moving average price is $69.29. Papa John’s International, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $86.38.

Papa John’s International (NASDAQ:PZZA) last announced its earnings results on Thursday, February 29th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.18. Papa John’s International had a net margin of 3.84% and a negative return on equity of 19.46%. The business had revenue of $571.32 million for the quarter, compared to the consensus estimate of $578.15 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Papa John’s International, Inc. will post 2.62 EPS for the current year.

Papa John’s International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, May 17th. Papa John’s International’s dividend payout ratio is currently 74.80%.

Wall Street Analysts Forecast Growth

PZZA has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Stifel Nicolaus raised shares of Papa John’s International from a “sell” rating to a “hold” rating and cut their price objective for the company from $65.00 to $60.00 in a research report on Monday, April 22nd. Benchmark decreased their target price on shares of Papa John’s International from $95.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. BMO Capital Markets lowered their price objective on Papa John’s International from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, BTIG Research downgraded shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Papa John’s International currently has a consensus rating of “Moderate Buy” and an average target price of $81.60.

Insider Activity at Papa John’s International

In other Papa John’s International news, Director Laurette T. Koellner sold 2,886 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $70.21, for a total value of $202,626.06. Following the sale, the director now owns 18,804 shares in the company, valued at $1,320,228.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.90% of the stock is owned by company insiders.

Papa John’s International Company 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.