Trade Report: The 6,200 Shares of Stock are sold by Insider Selling: Papa John’s International Inc. (PZZA) CEO

The 6,200 Shares of Stock are sold by Insider Selling: Papa John’s International Inc. (PZZA) CEO

Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 6,200 shares of Papa John’s International stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $78.05, for a total value of $483,910.00. Following the completion of the sale, the chief executive officer now owns 9,679,887 shares of the company’s stock, valued at $755,515,180.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Papa John’s International Inc. (NASDAQ:PZZA) traded up 0.46% during trading on Wednesday, reaching $78.11. The company’s stock had a trading volume of 263,550 shares. The firm has a market cap of $2.89 billion, a PE ratio of 33.14 and a beta of 0.23. Papa John’s International Inc. has a 12 month low of $44.47 and a 12 month high of $82.55. The company’s 50 day moving average price is $77.29 and its 200 day moving average price is $67.96.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Papa John’s International had a return on equity of 454.11% and a net margin of 5.52%. The business earned $423 million during the quarter, compared to analysts’ expectations of $414.45 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Papa John’s International Inc. will post $2.45 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Societe Generale purchased a new position in shares of Papa John’s International during the second quarter worth about $107,000. SG Americas Securities LLC purchased a new position in shares of Papa John’s International during the second quarter worth about $107,000. Tower Research Capital LLC TRC purchased a new position in shares of Papa John’s International during the second quarter worth about $134,000. Advisor Group Inc. purchased a new position in shares of Papa John’s International during the second quarter worth about $137,000. Finally, Victory Capital Management Inc. boosted its position in shares of Papa John’s International by 44.3% in the second quarter. Victory Capital Management Inc. now owns 2,055 shares of the company’s stock worth $140,000 after buying an additional 631 shares during the last quarter. 75.19% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on PZZA shares. Zacks Investment Research lowered Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. BTIG Research set a $78.00 price objective on Papa John’s International and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Nomura lowered Papa John’s International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $66.47 to $70.00 in a research report on Wednesday, June 22nd. TheStreet upgraded Papa John’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Finally, KeyCorp upgraded Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a research report on Wednesday, July 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $72.00.

Papa John’s International Company Profile

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