Stock Yards Bank & Trust Co. Has $629,000 Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Stock Yards Bank & Trust Co. trimmed its stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 44.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,682 shares of the company’s stock after selling 9,457 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Papa Johns International were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PZZA. CWM LLC boosted its holdings in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Papa Johns International by 16.8% during the second quarter. Blue Trust Inc. now owns 3,609 shares of the company’s stock worth $170,000 after purchasing an additional 520 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Papa Johns International by 47.3% during the second quarter. Raymond James & Associates now owns 90,131 shares of the company’s stock worth $4,234,000 after purchasing an additional 28,957 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Papa Johns International by 21.6% in the second quarter. Fifth Third Bancorp now owns 39,207 shares of the company’s stock valued at $1,842,000 after buying an additional 6,954 shares during the period. Finally, KG&L Capital Management LLC bought a new position in Papa Johns International in the 2nd quarter valued at approximately $240,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PZZA shares. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of Papa Johns International in a report on Thursday, November 7th. Bank of America raised their target price on Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. UBS Group upped their price target on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, November 8th. Finally, KeyCorp cut shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.82.

Papa Johns International Stock Up 0.1 %

NASDAQ PZZA opened at $47.04 on Friday. The company has a fifty day moving average of $50.94 and a two-hundred day moving average of $48.14. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.38 and a beta of 1.16. Papa Johns International, Inc. has a 52 week low of $39.90 and a 52 week high of $78.67.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Papa Johns International, Inc. will post 2.21 EPS for the current year.

Papa Johns International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Monday, November 18th. Papa Johns International’s dividend payout ratio is 64.11%.

About Papa Johns International

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.