111 hedge funds sold their entire positions in Papa John’s International, Inc. (PZZA)

Papa John’s International, Inc. (NASDAQ:PZZA) went up to recover about 4.03% since recording its record low price of $55.05. The stock experienced -5.43% slump, arriving at $57.27 on 12/06/2017. During the day, the stock price traveled from $57.2314 to $60.8499. This company shares are 27.22% off its target price of $72.86 and the current market capitalization stands at $1.97B. The recent change has given its price a -11.45% deficit over SMA 50 and -36.71% deficit over its 52-week high. The stock witnessed -2.4% declines, -20.37% declines and -30.65% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PZZA’s volatility during a week at 3.89% and during a month it has been found around 2.68%.

Papa John’s International, Inc. (PZZA) Top Holders

Institutional investors currently hold around $1.8 billion or 86% in PZZA stock. Look at its top three institutional owners. Blackrock Inc. owns $189.78 million in Papa John’s International, Inc., which represents roughly 9.63% of the company’s market cap and approximately 10.53% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 2,663,331 shares of the stock are valued at $161.29 million. The third largest holder is Vanguard Group Inc, which currently holds $135.93 million worth of this stock and that ownership represents nearly 6.9% of its market capitalization.

Papa John’s International, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 107 institutional holders increased their position in Papa John’s International, Inc. (NASDAQ:PZZA) by some 3,199,884 shares, 111 decreased positions by 4,210,150 and 25 held positions by 22,339,576. That puts total institutional holdings at 29,749,610 shares, according to SEC filings. The stock grabbed 26 new institutional investments totaling 991,342 shares while 24 institutional investors sold out their entire positions totaling 241,687 shares.

Papa John’s International, Inc. (NASDAQ:PZZA) Insider Trades

Multiple company employees have indulged in significant insider trading. Papa John’s International, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Taylor Wayne Kent has acquired 8,860 shares of Papa John’s International, Inc. (PZZA) in trading session dated Nov. 09, 2017. These shares are worth $509,716 and were traded at $57.53 each. The SEC filing shows that Ohern Timothy C performed a sale of 9,218 shares. The SVP, Chief Development Officer disposed these shares by way of transaction on Aug. 31, 2017. The company’s shares were given away at $75.08 per share worth to an income of some $692,087 on account of Ohern Timothy C.

SVP, Chief Development Officer, Ohern Timothy C, sold 6,000 common shares of Papa John’s International, Inc. (PZZA) in the open market. In a transaction dated Jun. 02, 2017, the shares were put up for sale at an average price of $81.79, raking in a sum of $490,740. After this sale, 32,123 common shares of PZZA are directly owned by the insider, with total stake valued at $1,839,684.

In the transaction dated May. 31, 2017, the great number of shares disposed came courtesy the President and COO; Ritchie Steve M disposed a total of 10,396 shares at an average price of $80, amounting to approximately $831,680. The insider now directly owns 30,559 shares worth $1,750,114.

Papa John’s International, Inc. (PZZA) Analyst Guide

Several analysts have released their opinion on Papa John’s International, Inc. (NASDAQ:PZZA), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.

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