BlackRock Amends Papa John's Stake (15th Time)

TL;DR

**BlackRock just updated its Papa John's stake, signaling portfolio adjustments.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership stake in Papa John's International Inc. as of December 31, 2023. This is the 15th amendment to their Schedule 13G filing for Papa John's common stock. While the specific percentage change isn't detailed in this excerpt, it signals BlackRock's ongoing active management of its investment in the pizza chain. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can sometimes signal shifts in its outlook on the company's future performance.

Why It Matters

This filing shows BlackRock, a major institutional investor, is adjusting its position in Papa John's, which can influence market perception and potentially stock price.

Risk Assessment

Risk Level: low — This is a routine amendment by a large institutional investor and doesn't inherently signal high risk for the company.

Analyst Insight

Investors should note BlackRock's continued involvement but await further details on the specific changes in their holding percentage to gauge any significant shift in sentiment.

Key Numbers

• 15 — Amendment Number (Indicates this is the fifteenth update to BlackRock's Schedule 13G for Papa John's.)
• 698813102 — CUSIP Number (Unique identifier for Papa John's International Inc. Common Stock.)

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• PAPA JOHNS INTERNATIONAL INC (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 22, 2024 (date) — the filing date of the SC 13G/A
• 15 (number) — the amendment number for this Schedule 13G filing

Forward-Looking Statements

• BlackRock will continue to be a significant institutional holder of Papa John's stock. (BlackRock Inc.) — high confidence, target: 2025-01-22

FAQ

From the Filing

0001086364-24-001070.txt : 20240122 0001086364-24-001070.hdr.sgml : 20240122 20240122155211 ACCESSION NUMBER: 0001086364-24-001070 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAPA JOHNS INTERNATIONAL INC CENTRAL INDEX KEY: 0000901491 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 611203323 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44487 FILM NUMBER: 24548705 BUSINESS ADDRESS: STREET 1: 2002 PAPA JOHNS BOULEVARD CITY: LOUISVILLE STATE: KY ZIP: 40299-2334 BUSINESS PHONE: 5022617272 MAIL ADDRESS: STREET 1: P O BOX 99900 CITY: LOUISVILLE STATE: KY ZIP: 40269-9990 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us6988131024_012224.txt us6988131024_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15) PAPA JOHNS INTERNATIONAL INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 698813102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 698813102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5119575 (6) Shared voting power 0 (7) Sole dispositive power 5175109 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 5175109 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 15.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- PAPA JOHNS INTERNATIONAL INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- P O BOX 99900 LOUISVILLE KY 40269-9990 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -------