The New Schnatter John H Holding in Papa Johns International Inc
Schnatter John H filed with the SEC SC 13D/A form for Papa Johns International Inc. The form can be accessed here: 000115752316007366. As reported in Schnatter John H’s form, the filler as of late owns 26.31% or 9,804,593 shares of the Consumer Discretionary–company.
Papa Johns International Inc stake is a new one for the and it was filed because of activity on October 24, 2016. We feel this shows Schnatter John H’s positive view for the stock.
Reasons Why Schnatter John H Bought – Papa Johns International Inc Stock
Item 4. Purpose of Transaction
This filing is being made to update holdings and percentages previously disclosed.
Between June 10 and November 17, 2015, Mr. Schnatter made three gifts of Common Stock totaling 29,675 shares.
On February 23, 2016, Mr. Schnatter acquired 196,362 shares of Common Stock through the exercise of stock options with a strike price of $54.44 per share. In connection with this option exercise, Mr. Schnatter surrendered 124,426 shares of Common Stock to Papa John’s International, Inc. to satisfy the exercise cost of the options, as well as related withholding taxes.
On February 25, 2016, Mr. Schnatter acquired 8,471 shares of Common Stock via a restricted stock grant from Papa John’s International, Inc.
Between February 26 and February 28, 2016, Mr. Schnatter surrendered 4,699 shares of Common Stock to Papa John’s International, Inc. to satisfy withholding taxes due on the vesting of certain restricted stock grants made in previous years.
On March 10, 2016, Mr. Schnatter made two gifts of Common Stock totaling 11,400 shares.
On May 9, 2016, Mr. Schnatter surrendered 1,209 shares of Common Stock to Papa John’s International, Inc. to satisfy withholding taxes due on the vesting of a restricted stock grant made previously.
Between August 5 and August 8, 2016, Mr. Schnatter sold 24,322 shares of Common Stock at an average price of $76.20 per share in open market transactions under Rule 144 of the Act.
Between August 16 and August 17, 2016, the John H. Schnatter Family Foundation sold 20,000 shares of Common Stock at an average price of $73.95 per share in open market transactions under Rule 144 of the Act.
Between August 22 and August 25, 2016, Mr. Schnatter sold 78,458 shares of Common Stock at an average price of $76.01 per share in open market transactions under Rule 144 of the Act.
On August 25, 2016, Mr. Schnatter made a gift of Common Stock totaling 13,500 shares.
Between August 29 and September 2, 2016, Mr. Schnatter sold 40,339 shares of Common Stock at an average price of $76.01 per share in open market transactions under Rule 144 of the Act.
Between October 3 and October 24, 2016, Mr. Schnatter sold 480,000 shares of Common Stock at an average price of $78.74 per share pursuant to a stock trading plan under Rule 10b5-1(c)(1) of the Act entered into on September 2, 2016.
Subsequent to this transaction, Mr. Schnatter directly or indirectly owns or has voting power with respect to a total of 9,804,593 shares of Common Stock, as follows: 9,368,693 shares owned directly; 31,194 shares owned by M. Annette Schnatter, Mr. Schnatter’s spouse; 315,206 shares subject to options that are currently exercisable or exercisable by Mr. Schnatter within 60 days of this filing; and 89,500 shares owned by the John H. Schnatter Family Foundation, in which Mr. Schnatter holds voting power, but no pecuniary interest.
By virtue of his stock ownership, and his position as Founder, Chairman of the Board and Chief Executive Officer of the Company, Mr. Schnatter may be deemed to be in control of the Company. Mr. Schnatter may from time to time sell additional shares of Common Stock in order to diversify his assets or make charitable or other gifts of shares.
Papa Johns International Inc Institutional Sentiment
Latest Security and Exchange filings show 188 investors own Papa Johns International Inc. The institutional ownership in Q3 2015 is high, at 73.12% of the outstanding shares. This is decreased by 1363401 the total institutional shares. 26972187 were the shares owned by these institutional investors. In total 23 funds opened new Papa Johns International Inc stakes, 68 increased stakes. There were 30 that closed positions and 71 reduced them.
3 managers had the stock in their top Ten. Notable investors are: Matarin Capital Management Llc, Sheets Smith Wealth Management, Atlas Browninc., Columbia Wanger Asset Management Llc, Csat Investment Advisory L.P…
Century Capital Management Llc is an institutional investor bullish on Papa Johns International Inc, owning 290773 shares as of Q3 2015 for 1.13% of its portfolio. Columbia Partners Llc Investment Management owns 199060 shares or 0.95% of its portfolio. NC Sheets Smith Wealth Management have 3.66% of their stock portfolio for 157964 shares. Further, Atlas Browninc reported stake worth 5.76% of its US stock portfolio. The CT Matarin Capital Management Llc owns 141992 shares. Papa Johns International Inc is less than 0.01% of the manager’s US portfolio.
Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants. The Company operates restaurants under the trademark Papa John’s. It operates in five segments: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units. The domestic Company-owned restaurant segment consists of the operations of all domestic Company-owned restaurants, and retail sales of pizza and side items. The domestic commissary segment consists of the operations of its regional dough production and product distribution centers, and sale and distribution of food and paper products to domestic Company-owned and franchised restaurants. The North America franchising segment consists of franchise sales and support activities, and sales of franchise and development rights. The international operations segment consists of its restaurants in China and distribution sales to franchised restaurants.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 0.84 in Q2 2016. 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.
Finemark Bank & Trust last reported 15 shares in the company. State Board Of Administration Of Florida Retirement Sys reported 19,839 shares or 0% of all its holdings. Pear Tree holds 0.63% of its portfolio in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 22,128 shares. Citadel Advsrs Ltd Com owns 544,673 shares or 0.04% of their US portfolio. Moreover, Federated Invsts Pa has 0% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 110 shares. Moreover, Impact Advsr Limited has 0.52% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 16,226 shares. Northern has 0.01% invested in the company for 361,965 shares. Neuberger Berman Gru Ltd Llc accumulated 0.11% or 1.21M shares. Great West Life Assurance Com Can reported 3,206 shares or 0% of all its holdings. Victory Cap Mngmt Inc holds 2,055 shares or 0% of its portfolio. Moreover, Legal And General Gru Pcl has 0% invested in Papa John’s Int’l, Inc. (NASDAQ:PZZA) for 6,168 shares. Blackrock Ltd Liability has 79,363 shares for 0.01% of their US portfolio. Profund Advsrs Ltd Llc holds 3,718 shares or 0.01% of its portfolio. Capstone Asset Management reported 10,196 shares or 0.02% of all its holdings. Geode Capital Mgmt Ltd Limited Liability Company has 0.01% invested in the company for 200,444 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 17 insider sales for $51.62 million net activity. Shares for $5.76 million were sold by SCHNATTER JOHN H. Tucker Lance F. sold $489,409 worth of Papa John’s Int’l, Inc. (NASDAQ:PZZA) on Thursday, August 4. On Friday, August 12 Ritchie Steve M sold $959,177 worth of the stock or 12,836 shares.
The stock increased 0.43% or $0.36 during the last trading session, hitting $84.6. About 604,330 shares traded hands or 22.23% up from the average. Papa John’s Int’l, Inc. (NASDAQ:PZZA) has risen 50.64% since April 12, 2016 and is uptrending. It has outperformed by 45.66% the S&P500.
Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants. The company has a market cap of $3.23 billion. The Firm operates restaurants under the trademark Papa John’s. It has a 34.08 P/E ratio. It operates in five divisions: domestic Company-owned restaurants, domestic commissaries, North America franchising, international operations, and all other business units.
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. $85 is the highest target while $58 is the lowest. The $64 average target is -24.35% below today’s ($84.6) stock price. Papa John'S International has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Friday, October 30, the company rating was downgraded by KeyBanc Capital Markets. Nomura initiated it with “Buy” rating and $85 target price in Thursday, October 1 report. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, November 9. Sidoti upgraded the shares of PZZA in a report on Thursday, November 19 to “Buy” rating. Tigress Financial downgraded Papa John’s Int’l, Inc. (NASDAQ:PZZA) on Monday, August 10 to “Strong Buy” rating. The stock of Papa John’s Int’l, Inc. (NASDAQ:PZZA) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, July 20. The rating was maintained by Jefferies on Thursday, February 25 with “Hold”.
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.
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.”
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.
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