What’s Papa John’s Int’l, Inc. Upside After Today’s Bearish Options Activity?

 What's Papa John's Int'l, Inc. Upside After Today's Bearish Options Activity?

In today’s session Papa John’s Int’l, Inc. (PZZA) recorded an unusually high (195) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PZZA decrease. With 195 contracts traded and 114 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PZZA161216P00070000 closed last at: $2.25 or 4.7% up. About 194,778 shares traded hands. Papa John’s Int’l, Inc. (NASDAQ:PZZA) has risen 35.97% since March 30, 2016 and is uptrending. It has outperformed by 32.96% the S&P500.

Papa John’s Int’l, Inc. (NASDAQ:PZZA) Ratings Coverage

Out of 5 analysts covering Papa John'S International (NASDAQ:PZZA), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Papa John'S International has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Thursday, November 19, the company rating was upgraded by Sidoti. As per Wednesday, July 20, the company rating was upgraded by KeyBanc Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, November 9. The rating was downgraded by Tigress Financial to “Strong Buy” on Monday, August 10. The stock has “Buy” rating given by Nomura on Thursday, October 1. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) earned “Sector Weight” rating by KeyBanc Capital Markets on Friday, October 30. The company was maintained on Thursday, February 25 by Jefferies.

According to Zacks Investment Research, “Papa John’s Intl, Inc. operates & franchises pizza delivery and carry-out restaurants under the trademark Papa John’s. The Co.’s objective is to become the leading chain of pizza delivery restaurants in each of its targeted markets. To accomplish this objective, the Company has developed a strategy designed to achieve high levels of customer satisfaction & repeat business, as well as to establish recognition & acceptance of the Papa John’s brand. High Quality Menu, Efficient Operating System, Commitment to Employee Training, Cost-Effective Marketing, & Franchise System.”

Insitutional Activity: The institutional sentiment increased to 0.84 in 2016 Q2. Its up 0.09, from 0.75 in 2016Q1. The ratio increased, as 27 funds sold all Papa John’s Int’l, Inc. shares owned while 68 reduced positions. 30 funds bought stakes while 50 increased positions. They now own 27.55 million shares or 1.04% less from 27.84 million shares in 2016Q1.
The New York-based Catalyst Cap Advsrs Ltd Liability Company has invested 0.13% in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Tower Ltd Liability (Trc) reported 1,967 shares or 0.01% of all its holdings. Ridgeworth Cap Mngmt has invested 0.41% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA). Wellington Mgmt Group Inc Llp reported 1.48 million shares or 0.03% of all its holdings. Moreover, New York State Teachers Retirement has 0.02% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 89,033 shares. Hl Financial Svcs Llc last reported 9,213 shares in the company. Proshare Advsr has 0% invested in the company for 3,943 shares. Ubs Asset Management Americas Inc accumulated 20,042 shares or 0% of the stock. Moreover, Nationwide Fund has 0.01% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 48,415 shares. Weiss Multi has 49,750 shares for 0.26% of their US portfolio. Retail Bank Of America De reported 18,635 shares or 0% of all its holdings. Walleye Trading Limited Liability Corp last reported 474 shares in the company. Legal & General Gru Plc owns 6,168 shares or 0% of their US portfolio. Fund Sa last reported 75,530 shares in the company. Blackrock Japan Commerce Ltd last reported 7,369 shares in the company.

Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 15 sales for $50.13 million net activity. $2.04 million worth of Papa John’s Int’l, Inc. (NASDAQ:PZZA) shares were sold by SCHNATTER JOHN H. 12,836 shares were sold by Ritchie Steve M, worth $959,177. On Thursday, August 4 Tucker Lance F. sold $489,409 worth of the stock or 6,334 shares.

Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants. The company has a market cap of $2.83 billion. The Firm operates restaurants under the trademark Papa John’s. It has a 31.68 P/E ratio. It operates in five divisions: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.

PZZA Company Profile

Papa John’s International, Inc. (Papa John’s), incorporated on July 25, 1991, operates and franchises pizza delivery and carryout restaurants. The Firm operates these restaurants in international markets, dine-in and delivery restaurants under the trademark Papa John’s. Papa John’s operates in five divisions: domestic Company-owned restaurants, domestic commissaries (Quality Control (QC) Centers), 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 activities outside of the United States and Canada. The Firm offers pizza along with side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. Papa John’s traditional crust pizza is prepared using dough (never frozen). Papa John’s pizzas are made from a blend of wheat flour, cheese made from mozzarella, pizza sauce made from vine-ripened tomatoes (not from concentrate) and a mix of savory spices, and a choice of meat and vegetable toppings. The Company’s traditional crust pizza is delivered with a container of its special garlic sauce and a pepperoncini pepper. In addition to its dough traditional crust pizza, the Company offers a thin crust pizza, which is a par-baked product produced by a third-party vendor. Each thin crust pizza is served with a packet of special seasonings and a pepperoncini pepper.

More news for Papa John’s Int’l, Inc. (NASDAQ:PZZA) were recently published by: Marketwatch.com, which released: “Papa John’s upgraded on belief civil unrest is encouraging more pizza delivery” on July 20, 2016. Benzinga.com‘s article titled: “BTIG Still Buying Papa John’s” and published on August 03, 2016 is yet another important article.

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