Trade Report: The Papa John’s International Inc. (PZZA) CEO John H. Schnatter Sells 22,306 Shares

The Papa John’s International Inc. (PZZA) CEO John H. Schnatter Sells 22,306 Shares

Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 22,306 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $78.10, for a total transaction of $1,742,098.60. Following the completion of the transaction, the chief executive officer now owns 9,679,887 shares in the company, valued at $755,999,174.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Papa John’s International Inc. (NASDAQ:PZZA) traded up 0.46% during mid-day trading on Wednesday, reaching $78.11. 263,550 shares of the company traded hands. The stock’s 50 day moving average is $77.29 and its 200 day moving average is $67.96. The stock has a market capitalization of $2.89 billion, a PE ratio of 33.14 and a beta of 0.23. Papa John’s International Inc. has a 52-week low of $44.47 and a 52-week high of $82.55.

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

PZZA has been the topic of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $87.00 price target on shares of Papa John’s International in a research report on Wednesday. TheStreet upgraded shares of Papa John’s International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 31st. Jefferies Group restated a “hold” rating on shares of Papa John’s International in a research report on Thursday, August 4th. Zacks Investment Research downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Finally, Nomura downgraded shares of Papa John’s International from a “buy” rating to a “neutral” rating and raised their price target for the stock from $66.47 to $70.00 in a research report on Wednesday, June 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Papa John’s International currently has a consensus rating of “Buy” and a consensus price target of $72.00.

Institutional investors have recently made changes to their positions in the company. Societe Generale acquired a new stake in shares of Papa John’s International during the second quarter valued at about $107,000. SG Americas Securities LLC acquired a new stake in shares of Papa John’s International during the second quarter valued at about $107,000. Tower Research Capital LLC TRC acquired a new stake in shares of Papa John’s International during the second quarter valued at about $134,000. Advisor Group Inc. acquired a new stake in shares of Papa John’s International during the second quarter valued at about $137,000. Finally, Victory Capital Management Inc. raised its stake 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 valued at $140,000 after buying an additional 631 shares during the period. 75.19% of the stock is currently owned by institutional investors and hedge funds.

Papa John’s International Company Profile

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