• Schnatter sells 800,000 shares of Papa John's

LOUISVILLE, Ky. -- According to published reports, John Schnatter, chairman and chief executive of Papa John's International Inc., sold 800,000 shares of stock in the company throughout November. The value of the sale was about $20 million.

SEC filings show Schnatter sold 490,000 shares in early November, and 310,000 shares over the last three days of the month. According to Foodservicetoday.com, the price for Papa John's dropped in step with Schnatter's first sale, falling from $28 a share to $24.62 by Nov. 19. The stock price averaged $25.15 per share during the second sell-off.

According to Dow Jones Newswires, Schnatter still holds 6,135,647 common shares in the 2,900-store takeout and delivery pizza chain headquartered in Louisville, Ky. The sale decreased his stake in the company to 27.1 percent, down from 29.6 percent last April.

Related Content

User Comments – Give us your opinion!
Products & Services

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

Get more from your restaurant POS with online videos and tutorials

http://global.networldalliance.com/new/images/products/1294.png

1294/Get-more-from-your-restaurant-POS-with-online-videos-and-tutorials

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

Social Security Number (SSN) Verification

http://global.networldalliance.com/new/images/products/SSN_employmentsearch.gif

1426/Social-Security-Number-SSN-Verification

Facebook Ordering

http://global.networldalliance.com/new/images/products/5935.png

5935/Facebook-Ordering

Luzianne iced tea

http://global.networldalliance.com/new/images/products/6957.png

6957/Luzianne-iced-tea

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

Custom Digital Signage Templates

http://global.networldalliance.com/new/images/products/6683.png

6683/Custom-Digital-Signage-Templates

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.