Papa John’s International Inc. (PZZA) CEO John H. Schnatter Sells 26,090 Shares

Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 26,090 shares of Papa John’s International stock in a transaction on Friday, October 14th. The stock was sold at an average price of $78.10, for a total transaction of $2,037,629.00. Following the sale, the chief executive officer now directly owns 9,649,435 shares of the company’s stock, valued at $753,620,873.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Papa John’s International Inc. (NASDAQ:PZZA) opened at 76.98 on Tuesday. Papa John’s International Inc. has a 1-year low of $44.47 and a 1-year high of $82.55. The firm has a 50-day moving average of $77.49 and a 200-day moving average of $68.54. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 32.66 and a beta of 0.23.

Papa John’s International (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Papa John’s International had a net margin of 5.52% and a return on equity of 454.11%. The company earned $423 million during the quarter, compared to analyst estimates of $414.45 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that Papa John’s International Inc. will post $2.45 earnings per share for the current year.

Insider Buying and Selling by Quarter for Papa John`s International (NASDAQ:PZZA)

Several research firms have recently issued reports on PZZA. Nomura cut shares of Papa John’s International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $66.47 to $70.00 in a research report on Wednesday, June 22nd. BTIG Research set a $78.00 price target on shares of Papa John’s International and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Papa John’s International in a research report on Thursday, August 4th. TheStreet raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. 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 for the company in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $72.00.

A number of large investors have recently added to or reduced their stakes in PZZA. Prudential Financial Inc. raised its stake in Papa John’s International by 3.0% in the first quarter. Prudential Financial Inc. now owns 153,584 shares of the company’s stock worth $8,322,000 after buying an additional 4,462 shares during the last quarter. BlackRock Inc. raised its stake in Papa John’s International by 1,126.5% in the first quarter. BlackRock Inc. now owns 10,732 shares of the company’s stock worth $581,000 after buying an additional 9,857 shares during the last quarter. BlackRock Group LTD raised its stake in Papa John’s International by 32.8% in the first quarter. BlackRock Group LTD now owns 56,344 shares of the company’s stock worth $3,054,000 after buying an additional 13,928 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Papa John’s International by 10.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 791,582 shares of the company’s stock worth $42,896,000 after buying an additional 74,962 shares during the last quarter. Finally, BlackRock Japan Co. Ltd purchased a new stake in Papa John’s International during the first quarter worth $524,000. 75.20% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:PZZA

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