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Papa John’s International, Inc (PZZA) – Don’t Be So Quick to Call it Dead

Papa John’s International, Inc (NASDAQ: PZZA) is -18.92% lower on its value in year-to-date trading and has touched a low of $30.16 and a high of $60.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PZZA stock was last observed hovering at around $33.82 in the last trading session, with the day’s loss setting it -0.52%.

Currently trading at $33.30, the stock is 1.14% and -14.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -1.54% at the moment leaves the stock -25.44% off its SMA200. PZZA registered -43.54% loss for a year compared to 6-month loss of -39.74%.

The stock witnessed a -5.26% gain in the last 1 month and extending the period to 3 months gives it a -14.99%, and is -3.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.56% over the week and 5.19% over the month.

Papa John’s International, Inc (PZZA) has around 11400 employees, a market worth around $1.09B and $2.06B in sales. Current P/E ratio is 13.16 and Fwd P/E is 14.18. Profit margin for the company is 4.05%. Distance from 52-week low is 10.41% and -45.19% from its 52-week high. The company has generated returns on investments over the last 12 months (16.38%).

The EPS is expected to shrink by -21.96% this year

The shares outstanding are 32.65M, and float is at 32.10M with Short Float at 10.83%.

The top institutional shareholder in the company is BLACKROCK INC. with over 5.16 million shares valued at $242.48 million. The investor’s holdings represent 15.7695 of the PZZA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.85 million shares valued at $180.71 million to account for 11.7521 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 3.02 million shares representing 9.2242 and valued at over $141.84 million, while EARNEST PARTNERS LLC holds 6.6329 of the shares totaling 2.17 million with a market value of $101.99 million.

Papa John’s International, Inc (PZZA) Insider Activity

The most recent transaction is an insider purchase by Coleman Christopher L., the company’s Director. SEC filings show that Coleman Christopher L. bought 2,250 shares of the company’s common stock on Aug 14 ’24 at a price of $44.75 per share for a total of $0.1 million. Following the purchase, the insider now owns 35069.0 shares.

Papa John’s International, Inc disclosed in a document filed with the SEC on May 14 ’24 that Thanawala Ravi (Interim CEO, and CFO) bought a total of 1,900 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $52.41 per share for $99579.0. Following the transaction, the insider now directly holds 38920.0 shares of the PZZA stock.

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