Atlas Browninc. adds Papa John's Int'l (PZZA) to its portfolio

Papa John's Int'l (PZZA) : Atlas Browninc. added new position in Papa John's Int'l during the most recent quarter end. The investment management firm now holds 195,259 shares of Papa John's Int'l which is valued at $11,211,772 , the company said in a statement filed on Apr 11, 2016 with the SEC.Papa John's Int'l makes up approximately 4.75% of Atlas Browninc.’s portfolio.

Papa John's Int'l opened for trading at $56.61 and hit $57.62 on the upside on Friday, eventually ending the session at $57.42, with a gain of 1.11% or 0.63 points. The heightened volatility saw the trading volume jump to 2,26,353 shares. Company has a market cap of $2,167 M.

Other Hedge Funds, Including , Contravisory Investment Management sold out all of its stake in PZZA during the most recent quarter. The investment firm sold 91,047 shares of PZZA which is valued $5,227,919.Eqis Capital Management boosted its stake in PZZA in the latest quarter, The investment management firm added 161 additional shares and now holds a total of 7,005 shares of Papa John's Int'l which is valued at $389,548. Papa John's Int'l makes up approx 0.03% of Eqis Capital Management’s portfolio.Creative Planning reduced its stake in PZZA by selling 75 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 100 shares of PZZA which is valued at $5,561.

On the company’s financial health, Papa John's Int'l reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.57. The company had revenue of $416.80 million for the quarter, compared to analysts expectations of $425.76 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Papa John's Int'l. Papa John's Int'l was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 4, 2016.

Papa John’s International Inc. (Papa John’s) operates and franchises pizza delivery and carryout restaurants. The Company operates these restaurants in international markets dine-in and delivery restaurants under the trademark Papa John’s. Papa John’s operates in five segments: domestic Company-owned restaurants domestic commissaries North America franchising international operations and all other business units. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise operations outside of the United States and Canada. The Company owns full-service international QC Centers in the United Kingdom Mexico City Mexico and Beijing China. Its other international QC Centers are licensed to franchisees or non-franchisee third parties and are located in the markets where the Company’s franchisees have restaurants.

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