Harel Insurance Investments & Financial Services Ltd. Purchases New Stake in Papa John’s International, Inc. (NASDAQ:PZZA)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Papa John’s International, Inc. (NASDAQ:PZZA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the company’s stock, valued at approximately $889,000.

Several other institutional investors have also bought and sold shares of PZZA. Valeo Financial Advisors LLC boosted its stake in shares of Papa John’s International by 125.0% in the first quarter. Valeo Financial Advisors LLC now owns 675 shares of the company’s stock valued at $60,000 after buying an additional 375 shares in the last quarter. Parallel Advisors LLC raised its holdings in Papa John’s International by 50.4% during the fourth quarter. Parallel Advisors LLC now owns 862 shares of the company’s stock worth $73,000 after purchasing an additional 289 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Papa John’s International during the fourth quarter worth $78,000. Amundi Pioneer Asset Management Inc. acquired a new position in Papa John’s International during the first quarter worth $138,000. Finally, CNB Bank raised its holdings in Papa John’s International by 16.3% during the fourth quarter. CNB Bank now owns 1,700 shares of the company’s stock worth $144,000 after purchasing an additional 238 shares during the last quarter.

Shares of NASDAQ:PZZA opened at $97.99 on Tuesday. The business has a fifty day simple moving average of $91.52 and a 200-day simple moving average of $89.49. Papa John’s International, Inc. has a 52 week low of $70.31 and a 52 week high of $110.33. The company has a market cap of $3.23 billion, a P/E ratio of 122.49, a P/E/G ratio of 5.50 and a beta of 1.03.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Thursday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.03). Papa John’s International had a net margin of 2.14% and a negative return on equity of 18.31%. The firm had revenue of $469.81 million for the quarter, compared to analysts’ expectations of $465.53 million. Research analysts forecast that Papa John’s International, Inc. will post 1.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Tuesday, May 11th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Monday, May 10th. Papa John’s International’s dividend payout ratio (DPR) is presently 76.92%.

Several brokerages recently issued reports on PZZA. Stephens lifted their price objective on Papa John’s International from $99.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, February 25th. Oppenheimer boosted their price target on Papa John’s International from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. Credit Suisse Group boosted their price target on Papa John’s International from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. MKM Partners cut their price target on Papa John’s International from $93.00 to $91.00 in a report on Thursday, January 7th. Finally, Wedbush boosted their price target on Papa John’s International from $101.00 to $106.00 and gave the stock an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $102.71.

Papa John’s International 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.

Read More: Asset Allocation

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

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