Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock trades on The Nasdaq Global Select Market tier of The Nasdaq Stock Market under the symbol “PZZA”.
−Removed: As of February 17, 2022, there were 1,359 record holders of our common stock.
+Added: Our common stock trades on The Nasdaq Global Select Market tier of The Nasdaq Stock Market under the symbol “PZZA.” As of February 16, 2023, there were 1,321 record holders of our common stock.
However, there are significantly more beneficial owners of our common stock than there are record holders.
−Removed: On January 27, 2022, our Board of Directors declared a first quarter dividend of $0.35 per share of common stock, representing an approximate $12.7 million aggregate dividend that was paid on February 18, 2022 to common stockholders of record as of the close of business on February 7, 2022.
+Added: On January 26, 2023, our Board of Directors declared a first quarter 2023 dividend of $0.42 per common share.
+Added: The dividend was paid on February 17, 2023 to stockholders of record as of the close of business on February 6, 2023.
We anticipate continuing the payment of quarterly cash dividends.
3 unchanged sentences
This share repurchase program operated alongside our previous $75.0 million share repurchase authorization, which began on November 4, 2020 and expired on December 26, 2021.
−Removed: In fiscal 2021, approximately 594,000 shares with an aggregate cost of $72.5 million and an average price of $121.96 per share were repurchased under these programs.
−Removed: Funding for the share repurchase programs were provided through our operating cash flows and our $600.0 million PJI Revolving Facility.
+Added: In fiscal 2022, approximately 1,343,000 shares with an aggregate cost of $125.0 million and an average price of $93.07 per share were repurchased under our share repurchase program.
+Added: Funding for the share repurchase program was provided through our operating cash flows and our $600.0 million PJI Revolving Facility.
The following table summarizes our repurchase activity by fiscal period during the fourth quarter ended December 25, 2022 (in thousands, except per share amounts):
−Removed: Maximum Dollar
+Added: Fiscal Period Total
+Added: Purchased Average
+Added: Share Total Number
of Shares Purchased
−Removed: Value of Shares
as Part of Publicly
−Removed: that May Yet Be
Announced Plans
+Added: or Programs Maximum Dollar
+Added: Value of Shares
+Added: that May Yet Be
Purchased Under the
−Removed: Fiscal Period
Plans or Programs
2 unchanged sentences
11/21/2022 - 12/25/2022 273 83.34 273 299,800
+Added: Total 361 $ 83.14 361 $ 299,800
Subsequent to year-end, we acquired an additional 319,307 shares at an aggregate cost of $27.6 million.
4 unchanged sentences
Stock Performance Graph
−Removed: The following performance graph compares the cumulative shareholder return of the Company’s common stock for the five-year period between December 25, 2016 and December 26, 2021 to (i) the Nasdaq US Benchmark TR Index and (ii) a group of the Company’s peers consisting of U.S.
+Added: The following performance graph compares the cumulative shareholder return of the Company’s common stock for the five-year period between December 31, 2017 and December 25, 2022 to (i) the Nasdaq U.S.
+Added: Benchmark TR Index and (ii) a group of the Company’s peers consisting of U.S.
companies listed on Nasdaq with standard industry classification (SIC) codes 5800-5899 (eating and drinking places).
Management believes the companies included in this peer group appropriately reflect the scope of the Company’s operations and match the competitive market in which the Company operates.
−Removed: The graph assumes the value of the investments in the Company’s common stock and in each index was $100 on December 25, 2016, and that all dividends were reinvested.
−Removed: (Note) The Nasdaq Stock Market (U.S.
−Removed: Companies) Index was replaced with the Nasdaq US Benchmark TR Index in 2021.
+Added: The graph assumes the value of hypothetical investments in the Company’s common stock and in each index was $100 on December 31, 2017, and that all dividends were reinvested on the day of issuance.
+Added: The returns shown are based on historical results and are not intended to suggest future performance.
+Added: Comparison of Cumulative 5-Year Total Shareholder Return
+Added: Stock Price Plus Reinvested Dividends
+Added: Papa Johns International, Inc.
+Added: Benchmark TR Index NASDAQ Stocks (SIC 5800-5899 U.S.
+Added: Companies) Eating and Drinking
+Added: 30, 2018 Dec.
+Added: 29, 2019 Dec.
+Added: 27, 2020 Dec.
+Added: 26, 2021 Dec.
+Added: Papa John’s International, Inc.
+Added: $73.35 $119.07 $163.58 $250.26 $161.12
+Added: Benchmark, TR Index $93.73 $124.34 $149.05 $188.05 $152.08
+Added: NASDAQ Stocks - Eating and Drinking $108.91 $144.93 $169.49 $190.64 $168.88
Intentionally Omitted
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.