Arrowstreet Capital Limited Partnership Has $45.93 Million Stock Position in Papa Johns International, Inc. (NASDAQ:PZZA)

Arrowstreet Capital Limited Partnership grew its holdings in Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 117.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,118,403 shares of the company's stock after acquiring an additional 603,650 shares during the quarter. Arrowstreet Capital Limited Partnership owned 3.43% of Papa Johns International worth $45,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Irth Capital Management LP acquired a new position in Papa Johns International during the 4th quarter valued at $66,883,000. Moody National Bank Trust Division increased its holdings in shares of Papa Johns International by 142.3% during the 4th quarter. Moody National Bank Trust Division now owns 22,644 shares of the company's stock worth $930,000 after purchasing an additional 13,297 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Papa Johns International during the fourth quarter valued at about $559,000. Raymond James Financial Inc. bought a new stake in shares of Papa Johns International in the fourth quarter valued at about $5,647,000. Finally, Sei Investments Co. grew its position in Papa Johns International by 7.3% during the fourth quarter. Sei Investments Co. now owns 1,500,739 shares of the company's stock worth $61,635,000 after buying an additional 102,128 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have commented on PZZA shares. UBS Group cut their price target on Papa Johns International from $56.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Northcoast Research upgraded Papa Johns International to a "hold" rating in a research report on Monday, March 3rd. Loop Capital reduced their target price on Papa Johns International from $73.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of Papa Johns International in a report on Friday, February 28th. Finally, Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Papa Johns International has a consensus rating of "Hold" and a consensus target price of $55.25.

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Papa Johns International Trading Down 11.4 %

Shares of Papa Johns International stock traded down $4.68 during mid-day trading on Friday, reaching $36.33. 1,938,533 shares of the stock were exchanged, compared to its average volume of 1,217,081. Papa Johns International, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $64.67. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The firm has a 50-day simple moving average of $43.83 and a 200 day simple moving average of $46.01.

Papa Johns International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 5.06%. The ex-dividend date was Monday, February 10th. Papa Johns International's payout ratio is currently 73.02%.

Papa Johns International Profile

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.