Dupree Financial Group LLC Makes New Investment in Papa Johns International, Inc. (NASDAQ:PZZA)

Dupree Financial Group LLC purchased a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,232 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after buying an additional 259 shares during the last quarter. Copeland Capital Management LLC bought a new position in Papa Johns International in the third quarter worth approximately $42,000. CWM LLC boosted its stake in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after acquiring an additional 525 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Papa Johns International during the 3rd quarter valued at $156,000. Finally, EntryPoint Capital LLC increased its stake in shares of Papa Johns International by 379.7% in the 1st quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock worth $221,000 after purchasing an additional 2,624 shares in the last quarter.

Papa Johns International Stock Performance

Shares of NASDAQ PZZA opened at $52.01 on Wednesday. The company has a market cap of $1.70 billion, a P/E ratio of 25.00, a P/E/G ratio of 3.36 and a beta of 1.20. Papa Johns International, Inc. has a 52-week low of $39.90 and a 52-week high of $78.67. The firm’s fifty day moving average is $49.68 and its two-hundred day moving average is $49.88.

Papa Johns International (NASDAQ:PZZA) last issued its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.08. The firm had revenue of $507.89 million for the quarter, compared to analysts’ expectations of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, analysts forecast that Papa Johns International, Inc. will post 2.27 EPS for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, August 19th. This represents a $1.84 annualized dividend and a dividend yield of 3.54%. Papa Johns International’s dividend payout ratio (DPR) is 88.46%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Bank of America lifted their target price on Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp reduced their target price on shares of Papa Johns International from $64.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Piper Sandler lowered their price target on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus reduced their price objective on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Finally, BMO Capital Markets decreased their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Papa Johns International 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.