Segall Bryant & Hamill LLC Decreases Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Segall Bryant & Hamill LLC cut its position in Papa Johns International, Inc. (NASDAQ:PZZA) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,029 shares of the company’s stock after selling 13,494 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Papa Johns International were worth $13,415,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PZZA. 1832 Asset Management L.P. bought a new stake in Papa Johns International in the 2nd quarter valued at about $93,586,000. River Road Asset Management LLC increased its stake in shares of Papa Johns International by 88.1% in the third quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company’s stock worth $123,129,000 after purchasing an additional 1,070,485 shares in the last quarter. Cowen AND Company LLC bought a new stake in shares of Papa Johns International in the second quarter valued at approximately $32,736,000. Earnest Partners LLC lifted its stake in shares of Papa Johns International by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,170,945 shares of the company’s stock valued at $101,991,000 after buying an additional 446,477 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Papa Johns International by 30.2% during the 2nd quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock valued at $57,042,000 after buying an additional 281,399 shares in the last quarter.

Papa Johns International Price Performance

Shares of PZZA opened at $47.31 on Thursday. Papa Johns International, Inc. has a 1-year low of $39.90 and a 1-year high of $78.67. The company has a market capitalization of $1.54 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.37 and a beta of 1.19. The firm’s 50 day simple moving average is $51.73 and its 200 day simple moving average is $48.47.

Papa Johns International (NASDAQ:PZZA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The firm had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $497.28 million. During the same quarter last year, the company posted $0.53 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Monday, November 18th. Papa Johns International’s dividend payout ratio (DPR) is currently 64.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PZZA. BMO Capital Markets lowered their target price on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Piper Sandler decreased their price objective on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Papa Johns International in a report on Friday, November 8th. Finally, UBS Group increased their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Eight 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 an average rating of “Hold” and an average price target of $60.82.

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