Insider Selling: Papa John’s Int’l, Inc. (NASDAQ:PZZA) Insider Sells $296,050.00 in Stock

Papa John’s Int’l, Inc. (NASDAQ:PZZA) insider Caroline Miller Oyler sold 4,775 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $62.00, for a total transaction of $296,050.00. Following the completion of the sale, the insider now directly owns 34,198 shares in the company, valued at $2,120,276. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PZZA stock opened at $61.71 on Friday. Papa John’s Int’l, Inc. has a 1-year low of $38.29 and a 1-year high of $63.57. The firm has a fifty day moving average price of $56.00 and a two-hundred day moving average price of $49.81. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 6.25 and a beta of 0.41.

Papa John’s Int’l (NASDAQ:PZZA) last released its earnings results on Wednesday, November 6th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Papa John’s Int’l had a negative net margin of 0.43% and a negative return on equity of 12.34%. The business had revenue of $403.71 million for the quarter, compared to the consensus estimate of $384.54 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Papa John’s Int’l, Inc. will post 1.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.90 annualized dividend and a yield of 1.46%. Papa John’s Int’l’s payout ratio is 67.16%.

PZZA has been the topic of several recent analyst reports. MKM Partners cut shares of Papa John’s Int’l from a “buy” rating to a “neutral” rating and cut their price target for the company from $55.00 to $50.00 in a report on Thursday, November 7th. Stifel Nicolaus raised shares of Papa John’s Int’l from a “hold” rating to a “buy” rating and upped their price target for the company from $42.00 to $60.00 in a report on Wednesday, August 28th. CL King initiated coverage on shares of Papa John’s Int’l in a report on Wednesday, October 23rd. They issued a “buy” rating and a $65.00 price target on the stock. Credit Suisse Group upped their price target on shares of Papa John’s Int’l to $66.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Oppenheimer initiated coverage on shares of Papa John’s Int’l in a report on Tuesday, September 17th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.56.

A number of hedge funds have recently added to or reduced their stakes in PZZA. Private Capital Group LLC bought a new stake in Papa John’s Int’l during the second quarter valued at $34,000. Massey Quick Simon & CO. LLC bought a new position in shares of Papa John’s Int’l during the third quarter worth about $64,000. Oppenheimer Asset Management Inc. bought a new position in shares of Papa John’s Int’l during the third quarter worth about $67,000. Advisor Group Inc. grew its position in shares of Papa John’s Int’l by 45.0% during the second quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock worth $68,000 after acquiring an additional 475 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Papa John’s Int’l during the third quarter worth about $71,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Papa John’s Int’l 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. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Featured Article: Why are trading ranges significant?

Insider Buying and Selling by Quarter for Papa John`s Int`l (NASDAQ:PZZA)

Receive News & Ratings for Papa John's Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's Int'l and related companies with MarketBeat.com's FREE daily email newsletter.