ExodusPoint Capital Management LP Purchases Shares of 20,387 Papa Johns International, Inc. (NASDAQ:PZZA)

ExodusPoint Capital Management LP bought a new stake in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,387 shares of the company's stock, valued at approximately $837,000. ExodusPoint Capital Management LP owned approximately 0.06% of Papa Johns International at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB lifted its position in shares of Papa Johns International by 300.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 600 shares of the company's stock valued at $25,000 after acquiring an additional 450 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Papa Johns International in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in Papa Johns International by 111.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,358 shares of the company's stock worth $56,000 after buying an additional 717 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Papa Johns International in the fourth quarter valued at approximately $58,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Papa Johns International during the fourth quarter valued at approximately $164,000.

Papa Johns International Trading Up 2.5 %

Shares of PZZA traded up $0.75 during midday trading on Wednesday, reaching $31.20. The stock had a trading volume of 181,979 shares, compared to its average volume of 1,231,738. The company's 50-day moving average is $42.61 and its 200 day moving average is $44.93. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Papa Johns International, Inc. has a 12-month low of $30.20 and a 12-month high of $64.67.

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Papa Johns International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 5.90%. The ex-dividend date was Monday, February 10th. Papa Johns International's dividend payout ratio is presently 73.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Papa Johns International from $56.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a research report on Friday, February 28th. Northcoast Research raised shares of Papa Johns International to a "hold" rating in a report on Monday, March 3rd. Loop Capital cut their price target on shares of Papa Johns International from $73.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Finally, Stephens restated an "overweight" rating and issued a $60.00 target price on shares of Papa Johns International in a research note on Thursday, February 27th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Papa Johns International currently has a consensus rating of "Hold" and a consensus price target of $55.08.

About Papa Johns International

Papa John's International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.