SG Americas Securities LLC cut its stake in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 26.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,599 shares of the company’s stock after selling 2,706 shares during the quarter. SG Americas Securities LLC’s holdings in Papa John’s Int’l were worth $385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tyvor Capital LLC purchased a new position in shares of Papa John’s Int’l in the second quarter valued at $142,000. Profund Advisors LLC purchased a new position in Papa John’s Int’l during the first quarter worth about $202,000. Hsbc Holdings PLC purchased a new position in Papa John’s Int’l during the first quarter worth about $207,000. Xact Kapitalforvaltning AB purchased a new position in Papa John’s Int’l during the first quarter worth about $232,000. Finally, Victory Capital Management Inc. grew its position in Papa John’s Int’l by 36.0% during the first quarter. Victory Capital Management Inc. now owns 4,146 shares of the company’s stock worth $238,000 after buying an additional 1,098 shares in the last quarter. Institutional investors own 82.64% of the company’s stock.

Shares of PZZA traded up $0.49 during midday trading on Friday, reaching $52.91. The stock had a trading volume of 1,361,263 shares, compared to its average volume of 1,339,368. Papa John’s Int’l, Inc. has a 12-month low of $38.05 and a 12-month high of $71.28. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of -2.22. The stock has a market capitalization of $1.62 billion, a P/E ratio of 20.19, a PEG ratio of 2.72 and a beta of 0.44.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). Papa John’s Int’l had a negative return on equity of 47.37% and a net margin of 4.54%. The firm had revenue of $407.96 million during the quarter, compared to analysts’ expectations of $418.30 million. On average, equities research analysts predict that Papa John’s Int’l, Inc. will post 1.51 EPS for the current year.

Several equities analysts recently commented on the company. BidaskClub upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating in a research report on Thursday. Longbow Research upgraded Papa John’s Int’l from a “neutral” rating to a “buy” rating in a research report on Monday, August 13th. Stifel Nicolaus boosted their target price on Papa John’s Int’l from $38.00 to $48.00 and gave the stock a “hold” rating in a research report on Thursday. ValuEngine upgraded Papa John’s Int’l from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Citigroup reduced their target price on Papa John’s Int’l from $71.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.67.

Papa John’s Int’l Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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Institutional Ownership by Quarter for Papa John`s Int`l (NASDAQ:PZZA)

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