43,039 Shares in Papa John’s Int’l, Inc. (PZZA) Purchased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. acquired a new position in Papa John’s Int’l, Inc. (NASDAQ:PZZA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 43,039 shares of the company’s stock, valued at approximately $2,207,000. Levin Capital Strategies L.P. owned 0.14% of Papa John’s Int’l as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in shares of Papa John’s Int’l by 121.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 294,043 shares of the company’s stock worth $14,914,000 after buying an additional 161,302 shares during the period. Bank of Montreal Can grew its position in shares of Papa John’s Int’l by 2,058.5% during the 2nd quarter. Bank of Montreal Can now owns 87,462 shares of the company’s stock worth $4,435,000 after buying an additional 83,410 shares during the period. Garnet Equity Capital Holdings Inc. acquired a new position in shares of Papa John’s Int’l during the 3rd quarter worth about $3,846,000. Canada Pension Plan Investment Board acquired a new position in shares of Papa John’s Int’l during the 2nd quarter worth about $3,408,000. Finally, Epoch Investment Partners Inc. grew its position in shares of Papa John’s Int’l by 7.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 717,777 shares of the company’s stock worth $36,406,000 after buying an additional 47,448 shares during the period. Hedge funds and other institutional investors own 82.60% of the company’s stock.

Several brokerages recently issued reports on PZZA. Longbow Research upgraded Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research report on Monday, August 13th. ValuEngine upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. BidaskClub lowered Papa John’s Int’l from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Stephens decreased their price objective on Papa John’s Int’l from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, August 8th. Finally, Stifel Nicolaus decreased their price objective on Papa John’s Int’l from $38.00 to $35.00 and set a “sell” rating for the company in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $57.88.

Shares of PZZA opened at $48.87 on Tuesday. Papa John’s Int’l, Inc. has a 52-week low of $38.05 and a 52-week high of $69.45. The company has a market capitalization of $1.62 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.71 and a beta of 0.44.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). Papa John’s Int’l had a net margin of 4.54% and a negative return on equity of 47.37%. The business had revenue of $407.96 million during the quarter, compared to analyst estimates of $418.30 million. Research analysts anticipate that Papa John’s Int’l, Inc. will post 1.51 earnings per share for the current fiscal year.

Papa John’s Int’l 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. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

See Also: What are CEFs?

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

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