Wellington Management Group LLP Buys New Holdings in Papa Johns International, Inc. (NASDAQ:PZZA)

Wellington Management Group LLP bought a new position in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 294,138 shares of the company's stock, valued at approximately $15,845,000. Wellington Management Group LLP owned approximately 0.90% of Papa Johns International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC raised its position in shares of Papa Johns International by 65.6% during the 2nd quarter. CWM LLC now owns 1,325 shares of the company's stock valued at $62,000 after buying an additional 525 shares during the period. Blue Trust Inc. raised its position in Papa Johns International by 16.8% in the 2nd quarter. Blue Trust Inc. now owns 3,609 shares of the company's stock valued at $170,000 after purchasing an additional 520 shares during the last quarter. Raymond James & Associates grew its position in Papa Johns International by 47.3% during the 2nd quarter. Raymond James & Associates now owns 90,131 shares of the company's stock worth $4,234,000 after purchasing an additional 28,957 shares during the last quarter. Fifth Third Bancorp increased its stake in Papa Johns International by 21.6% in the second quarter. Fifth Third Bancorp now owns 39,207 shares of the company's stock valued at $1,842,000 after purchasing an additional 6,954 shares during the period. Finally, KG&L Capital Management LLC acquired a new stake in shares of Papa Johns International during the second quarter worth about $240,000.

Papa Johns International Stock Down 4.8 %

Shares of PZZA traded down $2.25 on Friday, reaching $44.79. The stock had a trading volume of 1,110,747 shares, compared to its average volume of 958,052. Papa Johns International, Inc. has a twelve month low of $39.90 and a twelve month high of $78.67. The firm has a market capitalization of $1.46 billion, a PE ratio of 15.61, a PEG ratio of 2.27 and a beta of 1.16. The firm has a 50-day moving average of $50.80 and a 200 day moving average of $48.13.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. The company had revenue of $506.80 million for the quarter, compared to analyst estimates of $497.28 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. Papa Johns International's revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Papa Johns International, Inc. will post 2.21 earnings per share for the current fiscal year.

Papa Johns International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Monday, November 18th. Papa Johns International's payout ratio is currently 64.11%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. KeyCorp cut Papa Johns International from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Stephens reissued an "overweight" rating and issued a $62.00 price objective on shares of Papa Johns International in a research note on Friday. Bank of America raised their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. UBS Group boosted their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of Papa Johns International in a research report on Friday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Papa Johns International has an average rating of "Hold" and an average price target of $60.82.

Papa Johns International Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.