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 Video: What is a Stock Split?
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| Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants, and in some international markets, dine-in and delivery restaurants under the Papa John's trademark. The company has four segments: Domestic Company-owned restaurants, North America commissaries with 11 regional dough production and distribution centers, North America franchising for franchise sales and support, and International operations focusing on distribution sales and franchise support in the UK. Papa John's operates around 5,906 restaurants, including 648 Company-owned and 5,258 franchised locations in 50 countries and territories. According to our PZZA split history records, Papa Johns International has had 4 splits. | |
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Papa Johns International (PZZA) has 4 splits in our PZZA split history database. The first split for PZZA took place on March 26, 1996. This was a 3 for 2
split, meaning for each 2
shares of PZZA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PZZA's second split took place on November 25, 1996. This was a 3 for 2
split, meaning for each 2
shares of PZZA owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. PZZA's third split took place on January 17, 2006. This was a 2 for 1 split, meaning for each share of PZZA owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split. PZZA's 4th split took place on December 30, 2013. This was a 2 for 1 split, meaning for each share of PZZA owned pre-split, the shareholder now owned 2 shares. For example, a 4500 share position pre-split, became a 9000 share position following the split.
When a company such as Papa Johns International splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PZZA split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Papa Johns International shares, starting with a $10,000 purchase of PZZA, presented on a split-history-adjusted basis factoring in the complete PZZA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2015 |
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| End date: |
04/25/2025 |
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| Start price/share: |
$63.01 |
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| End price/share: |
$33.48 |
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| Starting shares: |
158.70 |
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| Ending shares: |
188.95 |
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| Dividends reinvested/share: |
$11.54 |
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| Total return: |
-36.74% |
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| Average Annual Total Return: |
-4.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,324.08 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/29/2015 |
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| End date: |
04/25/2025 |
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| Start price/share: |
$63.01 |
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| End price/share: |
$33.48 |
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| Dividends collected/share: |
$11.54 |
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| Total return: |
-28.55% |
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| Average Annual Total Return: |
-3.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,142.59 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/26/1996 | 3 for 2
| | 11/25/1996 | 3 for 2
| | 01/17/2006 | 2 for 1 | | 12/30/2013 | 2 for 1 |
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