June 22, 2016

Nomura Downgraded Papa John's Int'l, Inc. (PZZA)


Papa John's Int'l, Inc. (NASDAQ:PZZA) was downgraded by investment analysts at Nomura from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

Other large investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new stake in Papa John's Int'l during the first quarter worth $214,000. Huntington Asset Advisors Inc. purchased a new stake in Papa John's Int'l during the first quarter worth $257,000. Legal & General Group Plc increased its stake in Papa John's Int'l by 4.1% in the first quarter. Legal & General Group Plc now owns 6,168 shares of the company’s stock worth $336,000 after buying an additional 243 shares during the last quarter. BlackRock Japan Co. Ltd purchased a new stake in Papa John's Int'l during the first quarter worth $524,000. Finally, BlackRock Inc. increased its stake in Papa John's Int'l by 1,126.5% in the first quarter. BlackRock Inc. now owns 10,732 shares of the company’s stock worth $581,000 after buying an additional 9,857 shares during the last quarter.