5 Stocks to Invest in According to Kenneth Squire’s 13D Management

2. Papa John’s International, Inc. (NASDAQ:PZZA)

13D Management Stake Value: $15,561,000
Percentage of 13D Management’s 13F Portfolio: 5.79%
Number of Hedge Fund Holders: 30

Papa John’s International, Inc. (NASDAQ:PZZA) is an international pizza restaurant established in Kentucky. Shares of the company are up 68.03% in the past twelve months and 56.82% year to date.

In November, Benchmark analyst Todd Brooks initiated coverage of Papa John’s, rating the stock as “Buy” and gave a price target of $145. After exhibiting momentum in Q3, Papa John’s International rose to a new all-time high. North American comparable sales grew by 6.9%, while overseas markets increased by 8.3%. Revenue was $512.78 million, up 8.4% year over year and $11.85 million higher than expected.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Starboard Value LP is a leading shareholder in Papa John’s International, Inc. with 2.76 million shares worth more than $350.41 million.