Today, Papa John’s International Inc. (PZZA) CEO Sold $6,643,041.96 in Stock

Today, Papa John’s International Inc. (PZZA) CEO Sold $6,643,041.96 in Stock

Papa John’s International Inc. (NASDAQ:PZZA) CEO John H. Schnatter sold 86,363 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $76.92, for a total transaction of $6,643,041.96. Following the sale, the chief executive officer now owns 9,712,005 shares of the company’s stock, valued at $747,047,424.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Papa John’s International Inc. (NASDAQ:PZZA) opened at 75.41 on Friday. The stock has a 50 day moving average of $77.06 and a 200 day moving average of $67.34. Papa John’s International Inc. has a 12-month low of $44.47 and a 12-month high of $82.55. The stock has a market cap of $2.79 billion, a P/E ratio of 31.99 and a beta of 0.23.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The firm earned $423 million during the quarter, compared to analyst estimates of $414.45 million. Papa John’s International had a net margin of 5.52% and a return on equity of 454.11%. Papa John’s International’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. On average, equities research analysts anticipate that Papa John’s International Inc. will post $2.45 earnings per share for the current fiscal year.

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Several analysts recently issued reports on PZZA shares. BTIG Research set a $78.00 target price on shares of Papa John’s International and gave the company a “buy” rating in a research report on Wednesday, August 3rd. TheStreet raised shares of Papa John’s International from a “hold” rating to a “buy” rating in a report on Wednesday, August 31st. Jefferies Group reaffirmed a “hold” rating on shares of Papa John’s International in a 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 report on Tuesday. Finally, Nomura downgraded shares of Papa John’s International from a “buy” rating to a “neutral” rating and lifted their price target for the company from $66.47 to $70.00 in a report on Wednesday, June 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.50.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Papa John’s International by 1.1% in the second quarter. BlackRock Fund Advisors now owns 1,730,350 shares of the company’s stock valued at $117,664,000 after buying an additional 19,309 shares during the last quarter. Wellington Management Group LLP raised its position in shares of 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 last quarter. Renaissance Technologies LLC raised its position in shares of Papa John’s International by 13.6% in the first quarter. Renaissance Technologies LLC now owns 1,219,568 shares of the company’s stock valued at $66,088,000 after buying an additional 146,168 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Papa John’s International by 21.5% in the second quarter. JPMorgan Chase & Co. now owns 1,010,633 shares of the company’s stock valued at $68,723,000 after buying an additional 178,700 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised 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 during the last quarter. 75.18% of the stock is owned by hedge funds and other institutional investors.

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