The Papa John’s International Inc. (PZZA) CEO John H. Schnatter Sells 23,852 Shares

The Papa John’s International Inc. (PZZA) CEO John H. Schnatter Sells 23,852 Shares

Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 23,852 shares of the company’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $78.08, for a total transaction of $1,862,364.16. Following the completion of the sale, the chief executive officer now directly owns 9,679,887 shares in the company, valued at approximately $755,805,576.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Papa John’s International Inc. (NASDAQ:PZZA) traded up 0.46% during trading on Wednesday, hitting $78.11. 263,550 shares of the company traded hands. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 33.14 and a beta of 0.23. The firm has a 50 day moving average price of $77.29 and a 200-day moving average price of $67.96. Papa John’s International Inc. has a one year low of $44.47 and a one year high of $82.55.

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

PZZA has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. TheStreet raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. KeyCorp raised shares of Papa John’s International from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a report on Wednesday, July 20th. Nomura downgraded shares of Papa John’s International from a “buy” rating to a “neutral” rating and upped their price objective for the company from $66.47 to $70.00 in a research note on Wednesday, June 22nd. Finally, Jefferies Group reissued a “hold” rating on shares of Papa John’s International in a research note on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.00.

Several institutional investors have recently made changes to their positions in PZZA. BlackRock Institutional Trust Company N.A. boosted its position in shares of Papa John’s International by 10.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 791,582 shares of the company’s stock valued at $42,896,000 after buying an additional 74,962 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Papa John’s International by 46.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,840 shares of the company’s stock valued at $261,000 after buying an additional 1,225 shares during the period. Wellington Management Group LLP increased its position in Papa John’s International by 370.5% in the first quarter. Wellington Management Group LLP now owns 1,270,817 shares of the company’s stock valued at $68,866,000 after buying an additional 1,000,709 shares during the period. BlackRock Group LTD increased its position in Papa John’s International by 32.8% in the first quarter. BlackRock Group LTD now owns 56,344 shares of the company’s stock valued at $3,054,000 after buying an additional 13,928 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Papa John’s International by 11.4% in the first quarter. JPMorgan Chase & Co. now owns 831,933 shares of the company’s stock valued at $45,082,000 after buying an additional 85,056 shares during the period. 75.19% of the stock is currently owned by institutional investors.

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