Savoir Faire Capital Management L.P. Has $6.50 Million Stock Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Savoir Faire Capital Management L.P. boosted its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA) by 242.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,428 shares of the company’s stock after purchasing an additional 98,005 shares during the quarter. Papa Johns International comprises approximately 2.5% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 15th largest position. Savoir Faire Capital Management L.P. owned about 0.42% of Papa Johns International worth $6,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PZZA. Principal Securities Inc. bought a new position in shares of Papa Johns International during the 4th quarter worth about $41,000. CWM LLC increased its stake in Papa Johns International by 65.6% during the second quarter. CWM LLC now owns 1,325 shares of the company’s stock valued at $62,000 after acquiring an additional 525 shares during the period. Quadrant Capital Group LLC increased its stake in Papa Johns International by 140.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,601 shares of the company’s stock valued at $122,000 after acquiring an additional 935 shares during the period. Olympiad Research LP acquired a new position in Papa Johns International in the 4th quarter valued at approximately $232,000. Finally, EntryPoint Capital LLC lifted its position in shares of Papa Johns International by 379.7% in the 1st quarter. EntryPoint Capital LLC now owns 3,315 shares of the company’s stock worth $221,000 after acquiring an additional 2,624 shares during the period.

Papa Johns International Stock Up 2.4 %

PZZA stock opened at $50.80 on Tuesday. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67. The company has a market cap of $1.67 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 3.02 and a beta of 1.19. The business’s fifty day moving average is $44.97 and its 200-day moving average is $53.15.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, August 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. The firm had revenue of $507.89 million for the quarter, compared to analyst estimates of $520.13 million. Papa Johns International had a negative return on equity of 19.85% and a net margin of 3.25%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Research analysts anticipate that Papa Johns International, Inc. will post 2.27 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Monday, August 19th. Papa Johns International’s dividend payout ratio is currently 81.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PZZA shares. Stephens restated an “overweight” rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price objective on shares of Papa Johns International from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Wedbush reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Papa Johns International in a report on Friday, August 23rd. Bank of America lowered their target price on shares of Papa Johns International from $78.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, BMO Capital Markets dropped their price objective on Papa Johns International from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.82.

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.