CNB Bank grew its stake in Papa John’s Int’l, Inc. (NASDAQ:PZZA) by 356.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,560 shares of the company’s stock after buying an additional 1,218 shares during the period. CNB Bank’s holdings in Papa John’s Int’l were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PZZA. Private Capital Group LLC acquired a new stake in shares of Papa John’s Int’l in the second quarter valued at about $34,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Papa John’s Int’l during the 3rd quarter valued at about $64,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Papa John’s Int’l during the 3rd quarter valued at about $67,000. Advisor Group Inc. boosted its position in shares of Papa John’s Int’l by 45.0% during the 2nd quarter. Advisor Group Inc. now owns 1,530 shares of the company’s stock valued at $68,000 after purchasing an additional 475 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Papa John’s Int’l during the 3rd quarter valued at about $71,000. 92.75% of the stock is owned by institutional investors.

Shares of NASDAQ:PZZA opened at $61.76 on Friday. The firm has a market cap of $1.82 billion, a P/E ratio of 46.09, a PEG ratio of 5.70 and a beta of 0.41. The business’s 50 day simple moving average is $54.93 and its two-hundred day simple moving average is $49.50. Papa John’s Int’l, Inc. has a 52-week low of $38.29 and a 52-week high of $63.29.

Papa John’s Int’l (NASDAQ:PZZA) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The business had revenue of $403.71 million for the quarter, compared to analysts’ expectations of $384.54 million. Papa John’s Int’l had a negative net margin of 1.32% and a negative return on equity of 11.61%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share. On average, equities research analysts expect that Papa John’s Int’l, Inc. will post 1.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, November 7th. Papa John’s Int’l’s payout ratio is 67.16%.

In related news, major shareholder John H. Schnatter sold 475,861 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $43.22, for a total transaction of $20,566,712.42. Following the completion of the sale, the insider now directly owns 4,785,682 shares of the company’s stock, valued at $206,837,176.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder John H. Schnatter sold 100,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $57.58, for a total value of $5,758,000.00. Following the sale, the insider now directly owns 4,789,682 shares of the company’s stock, valued at $275,789,889.56. The disclosure for this sale can be found here. Insiders have sold 2,575,861 shares of company stock valued at $138,144,712 over the last ninety days. 43.00% of the stock is currently owned by company insiders.

PZZA has been the topic of several research analyst reports. Stephens restated an “overweight” rating and set a $60.00 target price on shares of Papa John’s Int’l in a research report on Tuesday, August 27th. Credit Suisse Group upped their target price on Papa John’s Int’l to $66.00 and gave the company an “outperform” rating in a research report on Thursday. CL King initiated coverage on Papa John’s Int’l in a research report on Wednesday, October 23rd. They set a “buy” rating and a $65.00 target price on the stock. Northcoast Research restated a “buy” rating on shares of Papa John’s Int’l in a research report on Thursday, October 24th. Finally, Jefferies Financial Group lowered Papa John’s Int’l from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Monday, November 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $61.56.

Papa John’s Int’l 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 four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.

Read More: How to calculate compound interest

Want to see what other hedge funds are holding PZZA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Papa John’s Int’l, Inc. (NASDAQ:PZZA).

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

Receive News & Ratings for Papa John's Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's Int'l and related companies with MarketBeat.com's FREE daily email newsletter.