Virtu KCG Holdings LLC Has $510,000 Stake in Papa John’s International, Inc. (PZZA)

Virtu KCG Holdings LLC decreased its position in shares of Papa John’s International, Inc. (NASDAQ:PZZA) by 19.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,108 shares of the company’s stock after selling 1,734 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Papa John’s International were worth $510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PZZA. BlackRock Inc. lifted its position in shares of Papa John’s International by 13,761.9% during the 1st quarter. BlackRock Inc. now owns 3,080,947 shares of the company’s stock valued at $246,601,000 after buying an additional 3,058,721 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Papa John’s International by 275.1% during the 2nd quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock valued at $30,147,000 after buying an additional 308,110 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Papa John’s International by 391.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock valued at $17,607,000 after buying an additional 194,804 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Papa John’s International by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock valued at $190,402,000 after buying an additional 160,913 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Papa John’s International by 55.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 418,386 shares of the company’s stock valued at $30,021,000 after buying an additional 149,060 shares in the last quarter. 83.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Timothy C. Ohern sold 9,218 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the sale, the senior vice president now directly owns 35,650 shares in the company, valued at $2,676,602. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.70% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on PZZA shares. Zacks Investment Research lowered Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a research report on Tuesday, August 29th. BidaskClub lowered Papa John’s International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Stifel Nicolaus started coverage on Papa John’s International in a research report on Monday, October 2nd. They set a “hold” rating and a $65.00 target price on the stock. Finally, Instinet reiterated a “neutral” rating and set a $78.00 target price (down previously from $84.00) on shares of Papa John’s International in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.00.

Papa John’s International, Inc. (NASDAQ:PZZA) opened at 70.45 on Wednesday. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 24.54 and a beta of 0.50. Papa John’s International, Inc. has a one year low of $68.68 and a one year high of $90.49. The firm has a 50-day moving average price of $73.49 and a 200-day moving average price of $76.84.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $434.78 million for the quarter, compared to analyst estimates of $438.51 million. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. Papa John’s International’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities analysts predict that Papa John’s International, Inc. will post $2.85 earnings per share for the current year.

Papa John’s International announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 198% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another d

Several other hedge funds and other institutional investors have also recently modified their holdings of PZZA. BlackRock Inc. lifted its position in shares of Papa John’s International by 13,761.9% during the 1st quarter. BlackRock Inc. now owns 3,080,947 shares of the company’s stock valued at $246,601,000 after buying an additional 3,058,721 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Papa John’s International by 275.1% during the 2nd quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock valued at $30,147,000 after buying an additional 308,110 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Papa John’s International by 391.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock valued at $17,607,000 after buying an additional 194,804 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Papa John’s International by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock valued at $190,402,000 after buying an additional 160,913 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Papa John’s International by 55.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 418,386 shares of the company’s stock valued at $30,021,000 after buying an additional 149,060 shares in the last quarter. 83.77% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Timothy C. Ohern sold 9,218 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the sale, the senior vice president now directly owns 35,650 shares in the company, valued at $2,676,602. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.70% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on PZZA shares. Zacks Investment Research lowered Papa John’s International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of Papa John’s International in a research report on Tuesday, August 29th. BidaskClub lowered Papa John’s International from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. Stifel Nicolaus started coverage on Papa John’s International in a research report on Monday, October 2nd. They set a “hold” rating and a $65.00 target price on the stock. Finally, Instinet reiterated a “neutral” rating and set a $78.00 target price (down previously from $84.00) on shares of Papa John’s International in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.00.

Papa John’s International, Inc. (NASDAQ:PZZA) opened at 70.45 on Wednesday. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 24.54 and a beta of 0.50. Papa John’s International, Inc. has a one year low of $68.68 and a one year high of $90.49. The firm has a 50-day moving average price of $73.49 and a 200-day moving average price of $76.84.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, August 1st. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $434.78 million for the quarter, compared to analyst estimates of $438.51 million. Papa John’s International had a return on equity of 919.82% and a net margin of 6.13%. Papa John’s International’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities analysts predict that Papa John’s International, Inc. will post $2.85 earnings per share for the current year.

Papa John’s International announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 198% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/11/virtu-kcg-holdings-llc-has-510000-stake-in-papa-johns-international-inc-pzza.html.

Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

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 International, Inc. (NASDAQ:PZZA).

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

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

Leave a Reply