Bares Capital Management Inc. Buys Shares of 6,747 Papa Johns International, Inc. (NASDAQ:PZZA)

Bares Capital Management Inc. purchased a new position in Papa Johns International, Inc. (NASDAQ:PZZA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,747 shares of the company’s stock, valued at approximately $363,000. Papa Johns International comprises 0.0% of Bares Capital Management Inc.’s holdings, making the stock its 20th largest position.

Several other large investors also recently modified their holdings of PZZA. Natixis Advisors LLC boosted its position in Papa Johns International by 85.9% in the third quarter. Natixis Advisors LLC now owns 190,037 shares of the company’s stock worth $10,237,000 after purchasing an additional 87,801 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Papa Johns International by 19.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after purchasing an additional 176,470 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Papa Johns International by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after buying an additional 40,996 shares during the last quarter. Sei Investments Co. grew its position in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after buying an additional 281,399 shares during the period. Finally, Millennium Management LLC increased its holdings in Papa Johns International by 366.5% during the second quarter. Millennium Management LLC now owns 228,665 shares of the company’s stock valued at $10,743,000 after buying an additional 179,653 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PZZA shares. Bank of America boosted their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a research report on Thursday, November 7th. UBS Group lifted their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Papa Johns International in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Papa Johns International currently has an average rating of “Hold” and an average target price of $60.82.

Papa Johns International Price Performance

Papa Johns International stock opened at $50.30 on Tuesday. Papa Johns International, Inc. has a 1 year low of $39.90 and a 1 year high of $78.67. The firm’s 50 day moving average price is $51.27 and its 200-day moving average price is $48.15. The stock has a market cap of $1.64 billion, a P/E ratio of 17.53, a PEG ratio of 2.47 and a beta of 1.16.

Papa Johns International (NASDAQ:PZZA) last posted its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $506.80 million during the quarter, compared to analysts’ expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. Papa Johns International’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. As a group, equities analysts expect that Papa Johns International, Inc. will post 2.21 EPS for the current year.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.46 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.66%. Papa Johns International’s dividend payout ratio (DPR) is 64.11%.

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.