KG&L Capital Management LLC Has $528,000 Position in Papa John’s Int’l, Inc. (NASDAQ:PZZA)

KG&L Capital Management LLC lifted its holdings in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 68.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,101 shares of the company’s stock after purchasing an additional 4,100 shares during the quarter. KG&L Capital Management LLC’s holdings in Papa John’s Int’l were worth $528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PZZA. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Papa John’s Int’l in the 3rd quarter valued at approximately $74,000. State of Alaska Department of Revenue acquired a new stake in Papa John’s Int’l in the 3rd quarter valued at approximately $204,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Papa John’s Int’l by 9.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,048 shares of the company’s stock worth $137,000 after purchasing an additional 251 shares during the last quarter. Private Capital Group LLC acquired a new position in shares of Papa John’s Int’l during the 2nd quarter worth approximately $34,000. Finally, Nuveen Asset Management LLC increased its position in shares of Papa John’s Int’l by 311.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 209,160 shares of the company’s stock worth $9,354,000 after purchasing an additional 158,278 shares during the last quarter. 92.12% of the stock is currently owned by institutional investors.

Shares of NASDAQ PZZA traded up $0.31 during midday trading on Friday, hitting $53.19. 42,095 shares of the company’s stock were exchanged, compared to its average volume of 874,802. Papa John’s Int’l, Inc. has a 12 month low of $38.29 and a 12 month high of $60.56. The company’s 50 day moving average price is $50.36 and its 200 day moving average price is $48.58. The firm has a market capitalization of $1.70 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 5.23 and a beta of 0.42.



Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.06. The business had revenue of $399.62 million during the quarter, compared to the consensus estimate of $394.39 million. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. As a group, equities analysts forecast that Papa John’s Int’l, Inc. will post 1.13 EPS for the current fiscal year.

In other news, major shareholder John H. Schnatter sold 100,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $42.80, for a total transaction of $4,280,000.00. Following the completion of the sale, the insider now directly owns 5,409,583 shares in the company, valued at approximately $231,530,152.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder John H. Schnatter sold 475,861 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $43.22, for a total value of $20,566,712.42. Following the sale, the insider now owns 4,785,682 shares of the company’s stock, valued at $206,837,176.04. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

PZZA has been the topic of several recent analyst reports. MKM Partners initiated coverage on Papa John’s Int’l in a research report on Tuesday, August 13th. They set a “buy” rating and a $55.00 price target on the stock. Credit Suisse Group raised Papa John’s Int’l from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $45.00 to $56.00 in a research report on Thursday, September 5th. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of Papa John’s Int’l in a research report on Tuesday, August 27th. Citigroup lowered their price target on Papa John’s Int’l from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, ValuEngine lowered Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Papa John’s Int’l currently has a consensus rating of “Buy” and an average target price of $59.25.

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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