Published: Sat, August 05, 2017
Economy | By Melissa Porter

Why Papa John's Int'l Inc. Stock Surged Today

Why Papa John's Int'l Inc. Stock Surged Today

That's a potential 15.91 increase relative to where Papa John's International, Inc.

A number of hedge funds have recently made changes to their positions in the stock. (NASDAQ:PZZA) news were published by: which released: "Analyst Hungers For Papa John's, Would Bite At Wingstop On A Pullback" on January 20, 2017, also with their article: "3 Big Stock Charts for Wednesday: Apple Inc". Meadow Creek Investment Management LLC now owns 1,430 shares of the company's stock valued at $114,000 after buying an additional 242 shares during the last quarter.

Papa John's International, Inc. Cambridge Investment Advisors Inc stated it has 0.01% of its portfolio in Papa John's Int'l, Inc. Louisiana State Employees Retirement System now owns 6,700 shares of the company's stock valued at $536,000 after buying an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its position in Papa John's worldwide by 11.3% in the first quarter. TimesSquare Capital Management LLC boosted its position in Papa John's worldwide by 197.9% in the first quarter. Capstone Asset Management Co. now owns 4,286 shares of the company's stock worth $343,000 after buying an additional 150 shares in the last quarter. The stock appeared $90.49 above its 52-week highs and is up 5.75% for the last five trades. However the price at the close of last session was -4.60% lower than its 50-day moving average and 0.38% over its 200-day moving average. Papa John's International, Inc. The company has market cap of $2.95 billion.

Papa John's International ( PZZA ) released a profit for its second quarter that gained ground compared to the same period past year.

In terms of earnings per share, 5 analysts have a 0.62 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 5 analysts have a 0.83 EPS mean target and for the quarter ending Dec-17 there are 5 estimates of 2.86 EPS. Papa John's global had a return on equity of 1,447.98% and a net margin of 6.13%. The business had revenue of $449.27 million for the quarter, compared to analyst estimates of $435.47 million. Diluted earnings per share jumped 10.1 percent, to $1.42 per share, during the first half of the year.

He said the only stock he has sold "in the last couple of years" has been to donate to charity and to buy an airplane that he didn't want to put on the company's books. The other 3, though not evenly; between analysts who think you should buy Papa John's International, Inc. versus those who think you should sell it. 1,002,206 shares of the stock traded hands. This repurchase authorization authorizes the company to purchase up to 198% of its shares through open market purchases. The company has a consensus rating of Hold and a consensus price target of $89.17.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $0.225 dividend. Its up 0.28, from 1.12 in 2016Q3. With the boost from the share buybacks, I'd expect Papa John's to continue to outperform the broader market, despite tepid growth in the recent quarter. Papa John's International's dividend payout ratio (DPR) is now 27.87%.

05/08/2015 - Papa John's International Inc. was upgraded to "buy" by analysts at Zacks. Profund Advisors LLC increased its stake in shares of Papa John's worldwide by 0.6% in the first quarter. If you are accessing this article on another site, it was stolen and republished in violation of United States & worldwide copyright legislation. The original version of this story can be accessed at (NASDAQ:PZZA) for 40,096 shares. BidaskClub lowered Papa John's global from a "sell" rating to a "strong sell" rating in a report on Friday, June 30th.

Papa John's attributed the increases to stronger North America commissary sales due to higher volumes and higher commodity costs. Zacks Investment Research upgraded Papa John's global from a "strong sell" rating to a "hold" rating in a research report on Friday, July 7th. Jefferies Group LLC set a $83.00 price target on shares of Papa John's global and gave the company a "hold" rating in a research note on Wednesday, April 19th. Finally, Mason Street Advisors LLC boosted its position in shares of Papa John's global by 0.9% in the first quarter. Papa John's global now has a consensus rating of "Hold" and an average target price of $89.17.

In other news, CFO Lance F. Tucker sold 4,051 shares of the stock in a transaction that occurred on Friday, May 12th. Following the sale, the senior vice president now owns 36,020 shares of the company's stock, valued at $2,946,075.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steve M. Ritchie sold 10,396 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $80.00, for a total value of $831,680.00.

Results like that wouldn't normally send a stock flying, but investors cheered a plan to buy back $500 million worth of stock, which alone would lift earnings per share by about 20%.

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