Mason Street Advisors LLC Trims Position in Papa John’s Int’l, Inc. (NASDAQ:PZZA)

Mason Street Advisors LLC decreased its position in shares of Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,502 shares of the company’s stock after selling 525 shares during the quarter. Mason Street Advisors LLC’s holdings in Papa John’s Int’l were worth $602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PZZA. Balyasny Asset Management LLC lifted its stake in shares of Papa John’s Int’l by 1,073.1% during the second quarter. Balyasny Asset Management LLC now owns 679,625 shares of the company’s stock valued at $30,393,000 after buying an additional 621,693 shares during the period. Rice Hall James & Associates LLC purchased a new position in shares of Papa John’s Int’l during the third quarter valued at approximately $10,234,000. Columbus Circle Investors purchased a new position in shares of Papa John’s Int’l during the third quarter valued at approximately $9,568,000. Nuveen Asset Management LLC lifted its stake in shares of Papa John’s Int’l by 311.1% during the second quarter. Nuveen Asset Management LLC now owns 209,160 shares of the company’s stock valued at $9,354,000 after buying an additional 158,278 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Papa John’s Int’l by 36.3% during the second quarter. Renaissance Technologies LLC now owns 561,300 shares of the company’s stock valued at $25,101,000 after buying an additional 149,400 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder John H. Schnatter sold 1,900,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.60, for a total value of $107,540,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Caroline Miller Oyler sold 4,775 shares of the stock in a transaction on Monday, November 11th. The stock was 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 of the company’s stock, valued at approximately $2,120,276. The disclosure for this sale can be found here. Insiders sold 2,006,398 shares of company stock valued at $113,696,267 in the last three months. Company insiders own 43.00% of the company’s stock.

A number of research firms have weighed in on PZZA. Jefferies Financial Group downgraded shares of Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research note on Monday, November 4th. They noted that the move was a valuation call. Stephens reaffirmed an “overweight” rating and set a $60.00 price target on shares of Papa John’s Int’l in a research note on Tuesday, August 27th. ValuEngine raised shares of Papa John’s Int’l from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Oppenheimer began coverage on shares of Papa John’s Int’l in a research note on Tuesday, September 17th. They set a “market perform” rating on the stock. Finally, BidaskClub downgraded shares of Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $61.56.

Papa John’s Int’l stock opened at $60.25 on Thursday. Papa John’s Int’l, Inc. has a 52-week low of $38.29 and a 52-week high of $63.57. The firm has a fifty day moving average of $56.98 and a 200-day moving average of $50.06. The firm has a market capitalization of $1.91 billion, a P/E ratio of 44.96, a PEG ratio of 5.96 and a beta of 0.41.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, November 7th. Papa John’s Int’l’s payout ratio is currently 67.16%.

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.

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Institutional Ownership by Quarter for Papa John`s Int`l (NASDAQ:PZZA)

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