Peregrine Capital Management LLC Has $6.11 Million Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Peregrine Capital Management LLC increased its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,066 shares of the company’s stock after acquiring an additional 1,691 shares during the period. Peregrine Capital Management LLC owned about 0.39% of Papa Johns International worth $6,111,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc. grew its stake in Papa Johns International by 396.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 422 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the last quarter. Principal Securities Inc. acquired a new stake in Papa Johns International in the 4th quarter valued at about $41,000. CWM LLC raised its stake in shares of Papa Johns International by 23.5% in the fourth quarter. CWM LLC now owns 819 shares of the company’s stock worth $62,000 after acquiring an additional 156 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Papa Johns International by 140.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,601 shares of the company’s stock valued at $122,000 after purchasing an additional 935 shares in the last quarter. Finally, Olympiad Research LP bought a new position in Papa Johns International in the 4th quarter worth approximately $232,000.

Analyst Ratings Changes

PZZA has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Papa Johns International in a research report on Thursday, August 8th. UBS Group reduced their target price on Papa Johns International from $58.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. BMO Capital Markets cut their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Papa Johns International in a report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.82.

Papa Johns International Trading Up 0.6 %

NASDAQ PZZA traded up $0.28 during trading on Friday, reaching $47.37. The company’s stock had a trading volume of 745,331 shares, compared to its average volume of 1,001,774. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.16. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $79.40. The firm has a 50 day moving average price of $44.54 and a 200 day moving average price of $55.06.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $507.89 million during the quarter, compared to the consensus estimate of $520.13 million. Papa Johns International had a net margin of 3.25% and a negative return on equity of 19.85%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, equities analysts forecast that Papa Johns International, Inc. will post 2.29 EPS for the current fiscal year.

Papa Johns International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be issued a $0.46 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.88%. Papa Johns International’s dividend payout ratio (DPR) is currently 81.78%.

Papa Johns 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.