Papa John’s Int’l, Inc. (NASDAQ:PZZA) was the recipient of some unusual options trading on Thursday. Investors acquired 18,794 put options on the stock. This represents an increase of approximately 1,705% compared to the average daily volume of 1,041 put options.

A number of equities analysts recently commented on PZZA shares. Northcoast Research started coverage on Papa John’s Int’l in a report on Wednesday, September 4th. They set a “buy” rating and a $70.00 target price for the company. BidaskClub upgraded Papa John’s Int’l from a “hold” rating to a “buy” rating in a report on Thursday. MKM Partners started coverage on Papa John’s Int’l in a report on Tuesday, August 13th. They set a “buy” rating and a $55.00 target price for the company. BTIG Research upgraded Papa John’s Int’l from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, August 27th. Finally, Stephens restated an “overweight” rating and set a $60.00 target price on shares of Papa John’s Int’l in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $59.25.

In other Papa John’s Int’l news, major shareholder John H. Schnatter sold 475,861 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $43.22, for a total value of $20,566,712.42. Following the completion of the sale, the insider now owns 4,785,682 shares in the company, valued at $206,837,176.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John H. Schnatter sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $42.80, for a total value of $4,280,000.00. Following the completion of the sale, the insider now owns 5,409,583 shares of the company’s stock, valued at approximately $231,530,152.40. The disclosure for this sale can be found here. Insiders own 43.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. KG&L Capital Management LLC grew its stake in shares of Papa John’s Int’l by 20.0% in the second quarter. KG&L Capital Management LLC now owns 6,001 shares of the company’s stock worth $268,000 after acquiring an additional 1,000 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Papa John’s Int’l in the first quarter worth $26,000. AE Wealth Management LLC purchased a new stake in shares of Papa John’s Int’l in the second quarter worth $219,000. TD Asset Management Inc. grew its stake in shares of Papa John’s Int’l by 51.0% in the first quarter. TD Asset Management Inc. now owns 29,017 shares of the company’s stock worth $1,536,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of Papa John’s Int’l by 34.2% in the first quarter. Dupont Capital Management Corp now owns 3,532 shares of the company’s stock worth $187,000 after acquiring an additional 900 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Shares of Papa John’s Int’l stock traded up $0.20 during midday trading on Friday, reaching $52.24. 580,714 shares of the company’s stock traded hands, compared to its average volume of 1,010,054. The company has a market cap of $1.64 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 3.68 and a beta of 0.41. The stock has a 50 day moving average of $46.17 and a 200-day moving average of $47.57. Papa John’s Int’l has a 12 month low of $38.29 and a 12 month high of $60.56.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The company had revenue of $399.62 million during the quarter, compared to the consensus estimate of $394.39 million. Papa John’s Int’l had a negative return on equity of 11.61% and a negative net margin of 1.32%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. Research analysts anticipate that Papa John’s Int’l will post 1.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a $0.225 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.90 annualized dividend and a yield of 1.72%. Papa John’s Int’l’s payout ratio is 67.16%.

About Papa John’s Int’l

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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

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