Vanguard Capital Management Reports New 5.02% Stake in Papa John's International Inc (PZZA)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.02% ownership stake in Papa John's International Inc (PZZA). The filing indicates that as of March 31, 2026, Vanguard beneficially owns 1,653,249 shares of common stock. This represents a significant increase from a previous position of zero, crossing the 5% ownership threshold that triggers a 13G filing requirement. The shares are held in the ordinary course of business by Vanguard Capital Management and various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. Out of the total shares held, Vanguard reported sole voting power over 248,861 shares and sole dispositive power over the full 1,653,249 shares. The filing includes a certification that the securities were not acquired for the purpose of changing or influencing the control of the issuer. This investment reflects Vanguard's continued expansion of its holdings in the consumer discretionary sector.