Landscape Capital Management L.L.C. Takes Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Landscape Capital Management L.L.C. acquired a new position in Papa Johns International, Inc. (NASDAQ:PZZA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,719 shares of the company’s stock, valued at approximately $1,493,000. Landscape Capital Management L.L.C. owned 0.08% of Papa Johns International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Papa Johns International by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,769,885 shares of the company’s stock worth $251,074,000 after acquiring an additional 166,246 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Papa Johns International by 19.3% during the third quarter. Stephens Investment Management Group LLC now owns 1,091,733 shares of the company’s stock worth $58,812,000 after purchasing an additional 176,470 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Papa Johns International by 4.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 985,105 shares of the company’s stock worth $46,280,000 after purchasing an additional 40,996 shares during the last quarter. Sei Investments Co. lifted its stake in Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company’s stock worth $57,042,000 after purchasing an additional 281,399 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Papa Johns International during the first quarter worth about $1,142,000.

Papa Johns International Trading Up 1.2 %

NASDAQ:PZZA opened at $47.86 on Friday. Papa Johns International, Inc. has a 1-year low of $39.90 and a 1-year high of $78.67. The stock has a 50 day simple moving average of $51.73 and a 200 day simple moving average of $48.47. The stock has a market cap of $1.56 billion, a P/E ratio of 16.68, a PEG ratio of 2.37 and a beta of 1.19.

Papa Johns International (NASDAQ:PZZA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The business had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the previous year, the company posted $0.53 EPS. Papa Johns International’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Papa Johns International, Inc. will post 2.23 EPS for the current year.

Papa Johns International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.84%. Papa Johns International’s payout ratio is 64.11%.

Analysts Set New Price Targets

PZZA has been the subject of a number of research analyst reports. KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Stephens reaffirmed an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. UBS Group increased their price objective on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Bank of America boosted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets decreased their price target on shares of Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Papa Johns International currently has a consensus rating of “Hold” and a consensus target price of $60.82.

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.