Bares Capital Management Inc. Sells 50,000 Shares of Papa John’s International, Inc. (NASDAQ:PZZA)

Bares Capital Management Inc. lessened its holdings in Papa John’s International, Inc. (NASDAQ:PZZAFree Report) by 43.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,000 shares of the company’s stock after selling 50,000 shares during the quarter. Bares Capital Management Inc. owned 0.20% of Papa John’s International worth $4,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its holdings in Papa John’s International by 6.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,574,293 shares of the company’s stock worth $294,201,000 after acquiring an additional 207,550 shares during the last quarter. Morgan Stanley grew its holdings in Papa John’s International by 315.0% in the 4th quarter. Morgan Stanley now owns 1,348,724 shares of the company’s stock worth $111,014,000 after acquiring an additional 1,023,713 shares during the last quarter. Earnest Partners LLC grew its holdings in Papa John’s International by 52.2% in the 2nd quarter. Earnest Partners LLC now owns 1,318,311 shares of the company’s stock worth $97,331,000 after acquiring an additional 452,081 shares during the last quarter. Bank of America Corp DE grew its holdings in Papa John’s International by 397.5% in the 1st quarter. Bank of America Corp DE now owns 1,127,248 shares of the company’s stock worth $84,465,000 after acquiring an additional 900,649 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Papa John’s International by 2.9% during the 3rd quarter. State Street Corp now owns 1,117,517 shares of the company’s stock valued at $78,237,000 after purchasing an additional 31,260 shares in the last quarter.

Papa John’s International Stock Down 3.4 %

Papa John’s International stock traded down $2.48 during trading hours on Wednesday, hitting $70.15. The stock had a trading volume of 1,334,621 shares, compared to its average volume of 703,178. The stock has a market capitalization of $2.30 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. Papa John’s International, Inc. has a 12-month low of $60.66 and a 12-month high of $87.72. The stock’s 50-day moving average price is $73.92 and its 200-day moving average price is $71.52.

Papa John’s International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.84 annualized dividend and a yield of 2.62%. Papa John’s International’s dividend payout ratio (DPR) is presently 78.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of Papa John’s International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, January 11th. StockNews.com raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Papa John’s International in a research note on Friday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $87.00 target price (up previously from $85.00) on shares of Papa John’s International in a research note on Thursday, January 11th. Finally, Stephens dropped their price objective on shares of Papa John’s International from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.44.

Get Our Latest Analysis on Papa John’s International

About Papa John’s International

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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 International (NASDAQ:PZZA)

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