The Amalgamated Bank Buys New Position in Papa John's International Inc. (PZZA)


The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Finally, LS Investment Advisors LLC raised its position in Papa John's global by 11.5% during the second quarter. 694,552 shares of the company traded hands.

News stories about Papa John's International (NASDAQ:PZZA) have trended somewhat positive on Wednesday, Accern reports. Jefferies Group restated a "hold" rating on shares of Papa John's global in a research note on Thursday, August 4th. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws.

"At Laundry Service, we take pride in working with brands that share our values-brands that truly care about the consumer, who are dedicated to building vibrant company culture, and who possess a total commitment to quality", said Jason Stein, Founder and CEO of Laundry Service. Papa John's worldwide has a 52-week low of $62.11 and a 52-week high of $90.49. Insiders own 28.80% of the company's stock.

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. Following the transaction, the senior vice president now directly owns 35,650 shares in the company, valued at approximately $2,676,602.

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On September 18, 2017 Citigroup released its first research report on the stock giving it an initial rating of "Buy". Zacks Investment Research downgraded shares of Papa John's global from a "buy" rating to a "hold" rating in a research note on Wednesday, September 13th.

The S&P 500 traded just above breakeven, with energy leading advancers and tech among the worst performers. Zacks Investment Research raised Papa John's global from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research note on Friday, August 18th. The stock now has a consensus rating of "Buy" and a consensus price target of $72.00. The current consensus analyst recommendation is sitting at 2.00 on company shares. Papa John's International Inc. It is now trading at $62.13 quite a bit lower than $71.02, the 50 day moving average and much lower than the 200 day moving average of $75.72. Next quarter's EPS is forecasted to be $0.83 and the next full year EPS is projected to be $3.26. Papa John's global had a return on equity of 4,984.46% and a net margin of 5.62%. On average, equities research analysts expect that Papa John's International, Inc. will post $2.84 EPS for the current fiscal year. Analysts' estimates typically exclude special items. The company's market cap is $2.49 Billion, and the average volume is 584.35 Million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. The dividend was $0.225 per share for the quarter or $0.90 annualized. Arizona State Retirement System now owns 14,350 shares of the company's stock worth $976,000 after buying an additional 100 shares during the last quarter. During the same period in the previous year, the company posted $0.57 EPS. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The ex-dividend date is Monday, November 6th. Papa John's International's payout ratio is presently 31.36%. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, global operations, and all other business units.