Papa John's Int'l, Inc. (PZZA) Position Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in Papa John's Int'l, Inc. (NASDAQ:PZZA) by 74.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,419 shares of the company’s stock after selling 18,959 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Papa John's Int'l were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in Papa John's Int'l by 13.6% in the third quarter. Allianz Asset Management GmbH now owns 66,057 shares of the company’s stock worth $4,827,000 after acquiring an additional 7,889 shares in the last quarter. Nordea Investment Management AB boosted its position in Papa John's Int'l by 18.1% during the third quarter. Nordea Investment Management AB now owns 27,012 shares of the company’s stock valued at $1,974,000 after buying an additional 4,139 shares during the period. JPMorgan Chase & Co. boosted its position in Papa John's Int'l by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 1,458,205 shares of the company’s stock valued at $107,411,000 after buying an additional 46,948 shares during the period. Koch Industries Inc. boosted its holdings in shares of Papa John's Int'l by 6,732.0% during the second quarter. Koch Industries Inc. now owns 297,807 shares of the company’s stock worth $294,000 after purchasing an additional 293,448 shares during the period. Finally, State Street Corp boosted its holdings in shares of Papa John's Int'l by 4.0% during the second quarter. State Street Corp now owns 878,119 shares of the company’s stock worth $63,013,000 after purchasing an additional 33,578 shares during the period. 84.10% of the stock is currently owned by hedge funds and other institutional investors.

PZZA has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Papa John's Int'l in a report on Monday, September 18th. They set a “buy” rating and a $90.00 target price for the company. Zacks Investment Research raised shares of Papa John's Int'l from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Thursday, September 21st. Stifel Nicolaus initiated coverage on shares of Papa John's Int'l in a research note on Monday, October 2nd. They issued a “hold” rating and a $65.00 price target for the company. Stephens decreased their price target on shares of Papa John's Int'l from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Finally, BTIG Research reaffirmed a “buy” rating and set a $90.00 target price (down previously from $100.00) on shares of Papa John's Int'l in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.60.

In other news, Director Wayne Kent Taylor acquired 8,860 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $57.53 per share, for a total transaction of $509,715.80. Following the transaction, the director now directly owns 30,822 shares of the company’s stock, valued at $1,773,189.66. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 27.70% of the stock is owned by company insiders.

Shares of Papa John's Int'l, Inc. (NASDAQ:PZZA) opened at $61.04 on Friday. Papa John's Int'l, Inc. has a fifty-two week low of $55.05 and a fifty-two week high of $86.99. The company has a debt-to-equity ratio of -8.26, a current ratio of 1.21 and a quick ratio of 1.01. The stock has a market cap of $2,140.00, a P/E ratio of 21.05, a P/E/G ratio of 1.64 and a beta of 0.41.

Papa John's Int'l (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The business had revenue of $431.70 million for the quarter, compared to analysts’ expectations of $427.23 million. Papa John's Int'l had a return on equity of 4,321.08% and a net margin of 6.12%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. analysts expect that Papa John's Int'l, Inc. will post 2.68 EPS for the current fiscal year.

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Papa John's Int'l Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

Institutional Ownership by Quarter for Papa John's Int'l (NASDAQ:PZZA)

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