DePrince holds 5.06% of Papa John's (PZZA) per 13G/A filing update

Rhea-AI Filing Summary

DePrince, Race & Zollo, Inc., a Florida-based investment adviser, filed an amended Schedule 13G reporting beneficial ownership of 1,657,994 shares of Papa John's International, Inc. common stock, representing 5.06% of the class as of the event on 01/13/2026.

The firm reports sole power to vote 1,448,337 shares and sole power to dispose of 1,657,994 shares, with no shared voting or dispositive power. It certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Papa John's.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Papa John's International, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

698813102

(CUSIP Number)

01/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 698813102

1

Names of Reporting Persons

DePrince, Race & Zollo, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,448,337.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,657,994.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,657,994.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.06 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Papa John's International, Inc.
(b)	Address of issuer's principal executive offices: 2002 Papa John's Boulevard, Louisville, KY, 40299
Item 2.
(a)	Name of person filing: DePrince, Race & Zollo, Inc.
(b)	Address or principal business office or, if none, residence: 250 S. Park Avenue, Suite 250, Winter Park FL 32789
(c)	Citizenship: USA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 698813102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,657,994
(b)	Percent of class: 5.06%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,448,337
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 1,657,994
	(iv) Shared power to dispose or to direct the disposition of:
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DePrince, Race & Zollo, Inc.

Signature:	/s/ Adelbert R. Sanchez
Name/Title:	Chief Compliance Officer
Date:	01/12/2026

Exhibit Information

Exhibit 1: https://www.sec.gov/edgar/search/?r=el#/q=DePrince&category=form-cat0&ciks=0000901491&entityName=PAPA%2520JOHNS%2520INTERNATIONAL%2520INC%2520(PZZA)%2520(CIK%25200000901491)

FAQ

What percentage of Papa John's (PZZA) shares does DePrince, Race & Zollo, Inc. report owning?

DePrince, Race & Zollo, Inc. reports beneficial ownership of 5.06% of Papa John's International, Inc. common stock.

How many Papa John's shares does DePrince, Race & Zollo, Inc. beneficially own?

The firm reports beneficial ownership of 1,657,994 shares of Papa John's International, Inc. common stock.

What voting and dispositive powers does DePrince, Race & Zollo, Inc. have over its PZZA holdings?

DePrince, Race & Zollo, Inc. has sole voting power over 1,448,337 shares and sole dispositive power over 1,657,994 shares, with no shared power reported.

Is DePrince, Race & Zollo, Inc. filing as an investment adviser for its Papa John's stake?

Yes. The reporting person is classified as an investment adviser (IA) under the relevant SEC rules.

Does DePrince, Race & Zollo, Inc. seek to influence control of Papa John's with this ownership?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Papa John's.

Who signed the amended ownership report for DePrince, Race & Zollo, Inc.?

The filing is signed by /s/ Adelbert R. Sanchez, who is identified as Chief Compliance Officer, dated 01/12/2026.