Papa John’s Int’l, Inc. (PZZA) Stake Increased by Deprince Race & Zollo Inc.

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Deprince Race & Zollo Inc. grew its holdings in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 6.6% in the 1st quarter, reports. The institutional investor owned 688,073 shares of the company’s stock after buying an additional 42,546 shares during the quarter. Papa John’s Int’l accounts for about 1.0% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 18th biggest holding. Deprince Race & Zollo Inc.’s holdings in Papa John’s Int’l were worth $36,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PZZA. Massey Quick Simon & CO. LLC acquired a new stake in shares of Papa John’s Int’l in the 1st quarter valued at approximately $32,000. PNC Financial Services Group Inc. raised its holdings in Papa John’s Int’l by 140.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after purchasing an additional 650 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new position in Papa John’s Int’l during the first quarter worth $61,000. Dupont Capital Management Corp acquired a new position in Papa John’s Int’l during the fourth quarter worth $105,000. Finally, Janus Henderson Group PLC acquired a new position in Papa John’s Int’l during the third quarter worth $200,000. 77.13% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on PZZA. BidaskClub raised Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. ValuEngine cut Papa John’s Int’l from a “buy” rating to a “hold” rating in a report on Friday, December 28th. Stifel Nicolaus raised Papa John’s Int’l from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $35.00 to $45.00 in a report on Wednesday, March 27th. Finally, Citigroup reduced their price objective on Papa John’s Int’l from $64.00 to $55.00 and set a “buy” rating for the company in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.17.

PZZA stock traded up $1.17 during midday trading on Thursday, hitting $49.12. 8,648 shares of the stock were exchanged, compared to its average volume of 1,115,972. The stock has a market cap of $1.54 billion, a PE ratio of 36.43, a P/E/G ratio of 3.62 and a beta of 0.54. Papa John’s Int’l, Inc. has a fifty-two week low of $38.05 and a fifty-two week high of $64.18.

Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings results on Tuesday, February 26th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Papa John’s Int’l had a negative return on equity of 16.11% and a net margin of 0.10%. The company had revenue of $373.98 million during the quarter, compared to analyst estimates of $393.05 million. During the same period last year, the firm earned $0.65 earnings per share. The business’s revenue was down 20.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Papa John’s Int’l, Inc. will post 1.1 EPS for the current year.

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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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