Segall Bryant & Hamill LLC Has $13.42 Million Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Segall Bryant & Hamill LLC reduced its holdings in Papa Johns International, Inc. (NASDAQ:PZZA) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 249,029 shares of the company’s stock after selling 13,494 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.76% of Papa Johns International worth $13,415,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler decreased their target price on Papa Johns International from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. KeyCorp lowered Papa Johns International from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Friday, November 8th. UBS Group upped their price objective 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. Finally, Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.82.

Papa Johns International Stock Performance

NASDAQ:PZZA opened at $47.31 on Thursday. Papa Johns International, Inc. has a 52 week low of $39.90 and a 52 week high of $78.67. The firm has a 50-day moving average price of $51.73 and a two-hundred day moving average price of $48.47. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business 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%. Papa Johns International’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. As a group, sell-side analysts forecast that Papa Johns International, Inc. will post 2.23 earnings per share for the current year.

Papa Johns International Dividend Announcement

The business also recently declared 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 is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.89%. Papa Johns International’s payout ratio is currently 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.