Landscape Capital Management L.L.C. Purchases New Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Landscape Capital Management L.L.C. bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,719 shares of the company’s stock, valued at approximately $1,493,000.

Several other large investors also recently added to or reduced their stakes in PZZA. Signaturefd LLC grew its holdings in shares of Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock valued at $35,000 after purchasing an additional 259 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Papa Johns International during the 3rd quarter worth $42,000. CWM LLC boosted its stake in shares of Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock worth $62,000 after buying an additional 525 shares during the period. US Bancorp DE increased its holdings in shares of Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock valued at $72,000 after purchasing an additional 922 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Papa Johns International in the third quarter valued at about $156,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PZZA. KeyCorp downgraded shares of Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of Papa Johns International in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, Piper Sandler dropped their price target on shares of Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Papa Johns International presently has an average rating of “Hold” and a consensus target price of $60.82.

Papa Johns International Price Performance

Shares of PZZA opened at $47.86 on Friday. Papa Johns International, Inc. has a one year low of $39.90 and a one year high of $78.67. The firm has a 50 day simple moving average of $51.73 and a two-hundred day simple moving average of $48.47. The company has a market cap of $1.56 billion, a P/E ratio of 16.68, a P/E/G ratio of 2.37 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, analysts expect that Papa Johns International, Inc. will post 2.23 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.84%. Papa Johns International’s dividend payout ratio (DPR) is presently 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.