Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 6,200 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $78.05, for a total transaction of $483,910.00. Following the completion of the sale, the chief executive officer now owns 9,679,887 shares of the company’s stock, valued at approximately $755,515,180.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Papa John’s International Inc. (NASDAQ:PZZA) opened at 78.11 on Thursday. The firm’s 50-day moving average is $77.29 and its 200-day moving average is $67.96. Papa John’s International Inc. has a 52-week low of $44.47 and a 52-week high of $82.55. The stock has a market cap of $2.89 billion, a P/E ratio of 33.14 and a beta of 0.23.
Papa John’s International (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The business had revenue of $423 million for the quarter, compared to analysts’ expectations of $414.45 million. Papa John’s International had a net margin of 5.52% and a return on equity of 454.11%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities research analysts predict that Papa John’s International Inc. will post $2.45 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Societe Generale acquired a new stake in shares of Papa John’s International during the second quarter valued at about $107,000. SG Americas Securities LLC purchased a new stake in Papa John’s International during the second quarter worth $107,000. Tower Research Capital LLC TRC purchased a new stake in Papa John’s International during the second quarter worth $134,000. Advisor Group Inc. purchased a new stake in Papa John’s International during the second quarter worth $137,000. Finally, Victory Capital Management Inc. raised its stake in Papa John’s International by 44.3% in the second quarter. Victory Capital Management Inc. now owns 2,055 shares of the company’s stock worth $140,000 after buying an additional 631 shares during the last quarter. 75.19% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on PZZA. BTIG Research restated a “buy” rating and issued a $87.00 target price on shares of Papa John’s International in a report on Wednesday. Zacks Investment Research downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. TheStreet raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 31st. Jefferies Group reaffirmed a “hold” rating on shares of Papa John’s International in a research note on Thursday, August 4th. Finally, KeyCorp raised shares of Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a research note on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $72.00.
About Papa John’s International
Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants. The Company operates restaurants under the trademark Papa John’s. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.
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