Papa John's Buying Back $500M Worth of Shares

Alicia Cross
August 5, 2017

That's a potential 15.91 increase relative to where Papa John's International, Inc.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. About shares traded. Papa John's Int'l, Inc. Meadow Creek Investment Management LLC now owns 1,430 shares of the company's stock valued at $114,000 after buying an additional 242 shares during the last quarter. The stock of Papa John's Int'l, Inc. Cambridge Investment Advisors Inc stated it has 0.01% of its portfolio in Papa John's Int'l, Inc. Bank of New York Mellon Corp now owns 470,859 shares of the company's stock worth $37,688,000 after buying an additional 143,192 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Papa John's global by 43.7% in the first quarter. More interesting news about Papa John's Int'l, Inc. (NASDAQ:PZZA) remains a cheap stock. The stock appeared $90.49 above its 52-week highs and is up 5.75% for the last five trades. (PZZA) recorded volume accumulation so there will probably be a surplus of buyers at $77.48. Papa John's International, Inc. The firm earned "Overweight" rating on Wednesday, July 20 by KeyBanc Capital Markets. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.01.

Atlas Browninc. holds 6.34% of its portfolio in Papa John's Int'l, Inc. for 195,109 shares. The company had revenue of $434.78 million during the quarter, compared to analysts' expectations of $438.51 million. They expect $-1.00 earnings per share, up 40.83% or $0.69 from last year's $-1.69 per share. This was up from $422.96 million past year.

Even with Wednesday's boost, Papa John's shares are still down about 12 percent so far this year. RBC Capital Markets maintained the shares of REPYY in report on Friday, October 16 with "Sector Perform" rating.

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The company's consensus rating on Reuter's scale remained unchanged from 3 to 3 during a month. In a note revealed to investors and clients on 2 August, Stephens \u0026 Co. reconfirmed their Overweight rating on shares of PZZA. Stock Surged Today" published on August 02, 2017 as well as Investorplace.com's news article titled: "Dow 22000 Becomes a Reality as Apple Hits New Heights" with publication date: "August 02, 2017.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $10,545 activity. This is a positive change from Papa John's International's previous quarterly dividend of $0.20. Papa John's International's dividend payout ratio (DPR) is now 27.87%. Papa John's International's payout ratio is 28.27%. "(PZZA) Increases Dividend to $0.23 Per Share" was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark law.

PZZA has been the subject of several recent analyst reports. Finally, KeyCorp restated an "equal weight" rating on shares of Papa John's worldwide in a report on Tuesday, June 20th. Jefferies Group LLC set a $83.00 price target on shares of Papa John's global and gave the company a "hold" rating in a report on Wednesday, April 19th. Also, the Hold rating count is 11 as of 08/03/17. Jefferies Group LLC set a $83.00 price target on shares of Papa John's worldwide and gave the company a "hold" rating in a research note on Wednesday, April 19th. Finally, KeyCorp reiterated an "equal weight" rating on shares of Papa John's global in a research report on Tuesday, June 20th.

Among 6 analysts covering Repsol SA (OTCMKTS:REPYY), 0 have Buy rating, 1 Sell and 5 Hold. Papa John's worldwide presently has a consensus rating of "Hold" and a consensus target price of $88.33. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Following the transaction, the chief financial officer now owns 25,522 shares of the company's stock, valued at approximately $2,102,757.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steve M. Ritchie sold 10,396 shares of the stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of $81.79.

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