5,510 Shares in Papa John’s Int’l, Inc. (PZZA) Purchased by Municipal Employees Retirement System of Michigan

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Municipal Employees Retirement System of Michigan bought a new position in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,510 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund raised its position in Papa John’s Int’l by 3.7% during the fourth quarter. Texas Permanent School Fund now owns 14,655 shares of the company’s stock valued at $583,000 after acquiring an additional 529 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Papa John’s Int’l by 140.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock valued at $44,000 after acquiring an additional 650 shares in the last quarter. Freestone Capital Holdings LLC purchased a new position in Papa John’s Int’l during the fourth quarter valued at approximately $800,000. Pacer Advisors Inc. raised its position in Papa John’s Int’l by 12.3% during the third quarter. Pacer Advisors Inc. now owns 8,231 shares of the company’s stock valued at $422,000 after acquiring an additional 903 shares in the last quarter. Finally, Comerica Bank raised its position in Papa John’s Int’l by 8.1% during the fourth quarter. Comerica Bank now owns 15,416 shares of the company’s stock valued at $653,000 after acquiring an additional 1,160 shares in the last quarter. 77.17% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on PZZA shares. BidaskClub upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Citigroup reduced their price target on Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, March 8th. ValuEngine cut Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. Finally, Stifel Nicolaus upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating and lifted their price target for the company from $35.00 to $45.00 in a research report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.17.

Papa John’s Int’l stock opened at $49.74 on Tuesday. The company has a market capitalization of $1.60 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 3.69 and a beta of 0.54. Papa John’s Int’l, Inc. has a 12 month low of $38.05 and a 12 month high of $64.18.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The business had revenue of $373.98 million during the quarter, compared to analysts’ expectations of $393.05 million. Papa John’s Int’l had a net margin of 0.10% and a negative return on equity of 16.11%. The firm’s quarterly revenue was down 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Papa John’s Int’l, Inc. will post 1.1 EPS for the current fiscal year.

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About Papa John’s Int’l

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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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

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